Bridgewater Associates LP Sells 25,271 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Bridgewater Associates LP cut its stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 58.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,284 shares of the company's stock after selling 25,271 shares during the period. Bridgewater Associates LP owned 0.06% of PriceSmart worth $1,678,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in PriceSmart by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 1,085,897 shares of the company's stock valued at $88,175,000 after acquiring an additional 184,252 shares during the period. Copeland Capital Management LLC increased its holdings in shares of PriceSmart by 18.7% during the third quarter. Copeland Capital Management LLC now owns 481,182 shares of the company's stock valued at $44,163,000 after purchasing an additional 75,896 shares during the period. FMR LLC raised its stake in shares of PriceSmart by 5.9% during the third quarter. FMR LLC now owns 1,182,739 shares of the company's stock valued at $108,552,000 after purchasing an additional 65,492 shares in the last quarter. LSV Asset Management lifted its holdings in PriceSmart by 28.9% in the second quarter. LSV Asset Management now owns 234,571 shares of the company's stock worth $19,047,000 after purchasing an additional 52,600 shares during the period. Finally, AQR Capital Management LLC grew its position in PriceSmart by 179.1% in the 2nd quarter. AQR Capital Management LLC now owns 57,052 shares of the company's stock valued at $4,633,000 after buying an additional 36,614 shares in the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

PriceSmart Price Performance

NASDAQ:PSMT traded up $0.36 during mid-day trading on Monday, reaching $90.10. 173,773 shares of the stock were exchanged, compared to its average volume of 150,092. PriceSmart, Inc. has a 1-year low of $68.71 and a 1-year high of $94.82. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2.76 billion, a PE ratio of 19.73 and a beta of 0.85. The business has a fifty day moving average price of $90.13 and a 200 day moving average price of $86.56.

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

Insider Activity at PriceSmart

In other PriceSmart news, EVP Francisco Velasco sold 827 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $91.03, for a total value of $75,281.81. Following the completion of the sale, the executive vice president now owns 84,385 shares in the company, valued at $7,681,566.55. This represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David R. Price sold 2,750 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $92.24, for a total transaction of $253,660.00. Following the transaction, the executive vice president now owns 48,844 shares in the company, valued at approximately $4,505,370.56. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,290 shares of company stock worth $1,476,009. 18.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of PriceSmart from a "hold" rating to a "buy" rating in a research note on Saturday.

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.