Barclays PLC Has $4.29 Million Stock Position in PriceSmart, Inc. (NASDAQ:PSMT)

Barclays PLC grew its holdings in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 227.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,710 shares of the company's stock after purchasing an additional 32,438 shares during the period. Barclays PLC owned about 0.15% of PriceSmart worth $4,287,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Innealta Capital LLC acquired a new stake in PriceSmart in the 2nd quarter valued at $28,000. Canada Pension Plan Investment Board acquired a new stake in shares of PriceSmart in the second quarter valued at about $32,000. Meeder Asset Management Inc. bought a new stake in PriceSmart during the second quarter worth about $40,000. Hantz Financial Services Inc. acquired a new position in PriceSmart during the second quarter valued at approximately $45,000. Finally, nVerses Capital LLC acquired a new position in PriceSmart during the second quarter valued at approximately $49,000. Institutional investors own 80.46% of the company's stock.

PriceSmart Stock Performance

PriceSmart stock traded up $0.07 during midday trading on Friday, reaching $94.00. 575,917 shares of the company's stock were exchanged, compared to its average volume of 154,202. The stock's 50-day simple moving average is $90.98 and its 200 day simple moving average is $87.54. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 20.57 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.22. PriceSmart, Inc. has a 52 week low of $72.14 and a 52 week high of $99.23.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.07). PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm's revenue was up 9.6% compared to the same quarter last year. On average, analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded PriceSmart from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th.

Insider Activity

In other news, EVP Francisco Velasco sold 827 shares of PriceSmart stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $91.03, for a total transaction of $75,281.81. Following the completion of the sale, the executive vice president now owns 84,385 shares of the company's stock, valued at approximately $7,681,566.55. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Mccleary sold 4,000 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $89.62, for a total transaction of $358,480.00. Following the completion of the transaction, the chief financial officer now owns 62,141 shares in the company, valued at $5,569,076.42. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,290 shares of company stock valued at $1,476,009 over the last ninety days. 18.60% of the stock is currently owned by company insiders.

PriceSmart Profile

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.