PriceSmart, Inc. (NASDAQ:PSMT) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P decreased its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 19.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,426 shares of the company's stock after selling 6,915 shares during the period. Martingale Asset Management L P owned about 0.10% of PriceSmart worth $2,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in PSMT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in PriceSmart by 1.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,096 shares of the company's stock worth $4,873,000 after buying an additional 503 shares in the last quarter. FMR LLC boosted its stake in shares of PriceSmart by 5.9% in the third quarter. FMR LLC now owns 1,182,739 shares of the company's stock worth $108,552,000 after acquiring an additional 65,492 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of PriceSmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 24,787 shares of the company's stock worth $2,275,000 after purchasing an additional 1,079 shares in the last quarter. Managed Asset Portfolios LLC raised its stake in PriceSmart by 16.5% in the 3rd quarter. Managed Asset Portfolios LLC now owns 81,635 shares of the company's stock valued at $7,493,000 after purchasing an additional 11,546 shares during the last quarter. Finally, Algert Global LLC raised its stake in PriceSmart by 3.3% in the 3rd quarter. Algert Global LLC now owns 107,286 shares of the company's stock valued at $9,847,000 after purchasing an additional 3,471 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company's stock.

Insider Activity at PriceSmart

In other news, EVP David R. Price sold 2,750 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total transaction of $253,660.00. Following the completion of the transaction, the executive vice president now directly owns 48,844 shares in the company, valued at $4,505,370.56. This trade represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Francisco Velasco sold 827 shares of the business's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $91.03, for a total transaction of $75,281.81. Following the sale, the executive vice president now owns 84,385 shares in the company, valued at $7,681,566.55. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,290 shares of company stock worth $1,476,009. Insiders own 18.60% of the company's stock.

Analysts Set New Price Targets

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

PriceSmart Price Performance

Shares of NASDAQ:PSMT traded down $0.14 during midday trading on Friday, hitting $89.74. The company had a trading volume of 81,994 shares, compared to its average volume of 153,969. PriceSmart, Inc. has a twelve month low of $66.95 and a twelve month high of $94.82. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 19.64 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45. The business's 50-day simple moving average is $90.13 and its 200-day simple moving average is $86.56.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its quarterly 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 return on equity of 12.63% and a net margin of 2.83%. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm's revenue was up 9.6% on a year-over-year basis. On average, research analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

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.