Geode Capital Management LLC Acquires 25,216 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Geode Capital Management LLC increased its position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 684,870 shares of the company's stock after purchasing an additional 25,216 shares during the period. Geode Capital Management LLC owned 2.23% of PriceSmart worth $62,868,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PSMT. American Century Companies Inc. increased its stake in PriceSmart by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 1,085,897 shares of the company's stock worth $88,175,000 after buying an additional 184,252 shares in the last quarter. Copeland Capital Management LLC grew its position in shares of PriceSmart by 18.7% during the third quarter. Copeland Capital Management LLC now owns 481,182 shares of the company's stock worth $44,163,000 after purchasing an additional 75,896 shares in the last quarter. EdgePoint Investment Group Inc. raised its stake in PriceSmart by 2.7% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 2,818,927 shares of the company's stock valued at $258,721,000 after purchasing an additional 74,201 shares during the period. FMR LLC lifted its holdings in PriceSmart by 5.9% in the 3rd quarter. FMR LLC now owns 1,182,739 shares of the company's stock worth $108,552,000 after purchasing an additional 65,492 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in PriceSmart by 28.9% in the 2nd quarter. LSV Asset Management now owns 234,571 shares of the company's stock worth $19,047,000 after purchasing an additional 52,600 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.

PriceSmart Price Performance

PSMT stock traded up $0.07 during mid-day trading on Friday, hitting $94.00. The company had a trading volume of 575,917 shares, compared to its average volume of 154,202. The company has a 50-day moving average price of $90.98 and a 200 day moving average price of $87.54. PriceSmart, Inc. has a 12-month low of $72.14 and a 12-month high of $99.23. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 20.57 and a beta of 0.86. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.07). The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. PriceSmart's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. On average, research analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of PriceSmart from a "hold" rating to a "buy" rating in a report on Saturday, November 30th.

Insider Transactions at PriceSmart

In other PriceSmart news, EVP Francisco Velasco sold 827 shares of the business's stock in a transaction that occurred on 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 directly owns 84,385 shares of the company's stock, valued at $7,681,566.55. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 value of $253,660.00. Following the sale, the executive vice president now owns 48,844 shares in the company, valued at approximately $4,505,370.56. This trade represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,290 shares of company stock valued at $1,476,009 in the last ninety days. Corporate insiders own 18.60% of the company's stock.

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.