Squarepoint Ops LLC Has $1.60 Million Stock Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Squarepoint Ops LLC decreased its position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 66.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,650 shares of the company's stock after selling 39,083 shares during the period. Squarepoint Ops LLC owned approximately 0.06% of PriceSmart worth $1,596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP boosted its stake in shares of PriceSmart by 94.2% in the second quarter. Marshall Wace LLP now owns 8,385 shares of the company's stock valued at $681,000 after buying an additional 4,067 shares during the period. Lombard Odier Asset Management Europe Ltd bought a new position in shares of PriceSmart in the second quarter worth $867,000. Magnetar Financial LLC acquired a new position in PriceSmart in the second quarter valued at about $255,000. Public Sector Pension Investment Board raised its position in shares of PriceSmart by 7.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 55,367 shares of the company's stock valued at $4,496,000 after buying an additional 4,028 shares in the last quarter. Finally, Sei Investments Co. raised its position in PriceSmart by 39.6% during the second quarter. Sei Investments Co. now owns 30,423 shares of the company's stock valued at $2,470,000 after purchasing an additional 8,633 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised PriceSmart from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 9th.

Insider Activity

In other news, EVP Francisco Velasco sold 1,298 shares of the firm's stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $87.00, for a total transaction of $112,926.00. Following the completion of the transaction, the executive vice president now owns 81,751 shares of the company's stock, valued at approximately $7,112,337. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other PriceSmart news, EVP David R. Price sold 2,000 shares of the company's stock in a transaction on Friday, July 19th. The shares were sold at an average price of $87.85, for a total transaction of $175,700.00. Following the sale, the executive vice president now owns 51,768 shares of the company's stock, valued at approximately $4,547,818.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Francisco Velasco sold 1,298 shares of PriceSmart stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $87.00, for a total value of $112,926.00. Following the completion of the transaction, the executive vice president now directly owns 81,751 shares of the company's stock, valued at approximately $7,112,337. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,904 shares of company stock valued at $1,806,714 over the last quarter. 18.60% of the stock is owned by company insiders.

PriceSmart Price Performance

PSMT stock traded up $3.10 during trading on Friday, reaching $92.64. 112,058 shares of the company were exchanged, compared to its average volume of 151,540. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 22.49 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49. The company has a 50-day moving average of $87.60 and a two-hundred day moving average of $84.33. PriceSmart, Inc. has a twelve month low of $61.82 and a twelve month high of $93.18.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 10th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07. PriceSmart had a net margin of 2.60% and a return on equity of 11.89%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business earned $1.02 earnings per share. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts predict that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

PriceSmart Company 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.