PriceSmart, Inc. (NASDAQ:PSMT) Shares Purchased by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC grew its position in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 289,108 shares of the company's stock after buying an additional 9,703 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.94% of PriceSmart worth $26,647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PSMT. Barclays PLC lifted its position in shares of PriceSmart by 227.3% in the 3rd quarter. Barclays PLC now owns 46,710 shares of the company's stock worth $4,287,000 after purchasing an additional 32,438 shares during the period. Stifel Financial Corp increased its holdings in PriceSmart by 18.4% during the third quarter. Stifel Financial Corp now owns 39,513 shares of the company's stock valued at $3,627,000 after buying an additional 6,137 shares during the period. Burney Co. bought a new position in PriceSmart in the fourth quarter worth approximately $5,030,000. Harbor Capital Advisors Inc. lifted its holdings in PriceSmart by 47.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company's stock worth $1,677,000 after buying an additional 5,818 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 valued at $4,873,000 after acquiring an additional 503 shares in the last quarter. Institutional investors own 80.46% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com raised PriceSmart from a "hold" rating to a "buy" rating in a research report on Monday, March 10th.

PriceSmart Stock Down 0.2 %

Shares of PriceSmart stock traded down $0.18 on Friday, reaching $91.58. The stock had a trading volume of 79,787 shares, compared to its average volume of 182,209. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2.81 billion, a P/E ratio of 20.14 and a beta of 0.87. The company has a 50 day moving average price of $87.98 and a 200 day moving average price of $89.96. PriceSmart, Inc. has a 1 year low of $77.51 and a 1 year high of $99.23.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its earnings results on Wednesday, April 9th. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.06). The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. PriceSmart's revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $1.31 earnings per share. As a group, equities research analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Tuesday, February 18th. PriceSmart's dividend payout ratio is currently 26.92%.

Insider Buying and Selling at PriceSmart

In other news, CFO Michael Mccleary sold 4,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $89.67, for a total transaction of $358,680.00. Following the transaction, the chief financial officer now owns 58,141 shares in the company, valued at $5,213,503.47. This represents a 6.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Fisher sold 1,700 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $95.00, for a total transaction of $161,500.00. Following the completion of the transaction, the director now directly owns 16,911 shares of the company's stock, valued at $1,606,545. The trade was a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,162 shares of company stock worth $1,930,402. 17.10% of the stock is owned by insiders.

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.