Jane Street Group LLC Sells 15,439 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Jane Street Group LLC decreased its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 34.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,805 shares of the company's stock after selling 15,439 shares during the quarter. Jane Street Group LLC owned about 0.09% of PriceSmart worth $2,644,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Arizona State Retirement System grew its position in PriceSmart by 2.3% during the second quarter. Arizona State Retirement System now owns 7,293 shares of the company's stock worth $592,000 after buying an additional 165 shares in the last quarter. Creative Planning increased its position in shares of PriceSmart by 3.2% during the third quarter. Creative Planning now owns 7,720 shares of the company's stock valued at $709,000 after purchasing an additional 236 shares during the period. Diversified Trust Co raised its stake in shares of PriceSmart by 3.2% in the third quarter. Diversified Trust Co now owns 8,168 shares of the company's stock valued at $750,000 after purchasing an additional 257 shares in the last quarter. QRG Capital Management Inc. lifted its position in PriceSmart by 8.4% in the third quarter. QRG Capital Management Inc. now owns 3,496 shares of the company's stock worth $321,000 after purchasing an additional 270 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in PriceSmart by 2.4% during the second quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the company's stock worth $1,031,000 after buying an additional 300 shares in the last quarter. Institutional investors own 80.46% of the company's stock.

PriceSmart Trading Up 0.1 %

PriceSmart stock traded up $0.07 during mid-day trading on Friday, hitting $94.00. The stock had a trading volume of 575,917 shares, compared to its average volume of 154,202. PriceSmart, Inc. has a 12 month low of $72.14 and a 12 month high of $99.23. The stock has a 50-day simple moving average of $90.98 and a two-hundred day simple moving average of $87.54. 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 stock has a market capitalization of $2.88 billion, a PE ratio of 20.57 and a beta of 0.86.

PriceSmart (NASDAQ:PSMT - Get Free Report) last issued 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). PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The business's revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity at PriceSmart

In related news, Director Jeffrey Fisher sold 5,478 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $90.83, for a total transaction of $497,566.74. Following the completion of the transaction, the director now owns 21,646 shares in the company, valued at approximately $1,966,106.18. The trade was a 20.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David R. Price sold 2,750 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 48,844 shares of the company's stock, valued at $4,505,370.56. The trade was a 5.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,290 shares of company stock worth $1,476,009. 18.60% of the stock is owned by 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.