PriceSmart, Inc. (NASDAQ:PSMT) Shares Bought by Copeland Capital Management LLC

Copeland Capital Management LLC raised its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 18.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 481,182 shares of the company's stock after acquiring an additional 75,896 shares during the quarter. Copeland Capital Management LLC owned approximately 1.57% of PriceSmart worth $44,163,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PSMT. Arizona State Retirement System increased its position in shares of PriceSmart by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 7,293 shares of the company's stock valued at $592,000 after purchasing an additional 165 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of PriceSmart by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company's stock worth $34,000 after purchasing an additional 181 shares during the period. SummerHaven Investment Management LLC raised its position in shares of PriceSmart by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 9,864 shares of the company's stock worth $801,000 after acquiring an additional 183 shares in the last quarter. US Bancorp DE boosted its holdings in shares of PriceSmart by 5.2% in the 1st quarter. US Bancorp DE now owns 4,239 shares of the company's stock valued at $356,000 after buying an additional 209 shares in the last quarter. Finally, 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 worth $709,000 after purchasing an additional 236 shares in the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

PriceSmart Price Performance

PriceSmart stock traded up $0.39 during midday trading on Tuesday, reaching $92.40. The company had a trading volume of 94,838 shares, compared to its average volume of 149,418. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49. PriceSmart, Inc. has a 12-month low of $61.82 and a 12-month high of $94.82. The company has a market capitalization of $2.83 billion, a P/E ratio of 22.43 and a beta of 0.84. The firm's fifty day simple moving average is $89.10 and its 200-day simple moving average is $85.11.

Insider Transactions at PriceSmart

In other PriceSmart news, EVP Francisco Velasco sold 827 shares of the company's stock in a transaction on Thursday, October 10th. The stock was 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 directly owns 84,385 shares in the company, valued at $7,681,566.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 18.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.