Harbor Capital Advisors Inc. Has $1.68 Million Stock Position in PriceSmart, Inc. (NASDAQ:PSMT)

Harbor Capital Advisors Inc. boosted its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 47.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,195 shares of the company's stock after purchasing an additional 5,818 shares during the period. Harbor Capital Advisors Inc. owned 0.06% of PriceSmart worth $1,677,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new stake in shares of PriceSmart during the second quarter worth $32,000. Meeder Asset Management Inc. bought a new stake in PriceSmart during the 2nd quarter worth about $40,000. GAMMA Investing LLC increased its position in PriceSmart by 96.9% in the 3rd quarter. GAMMA Investing LLC now owns 823 shares of the company's stock valued at $76,000 after acquiring an additional 405 shares in the last quarter. nVerses Capital LLC raised its stake in shares of PriceSmart by 66.7% in the third quarter. nVerses Capital LLC now owns 1,000 shares of the company's stock worth $92,000 after acquiring an additional 400 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of PriceSmart by 423.1% during the third quarter. Blue Trust Inc. now owns 1,041 shares of the company's stock valued at $96,000 after purchasing an additional 842 shares during the last quarter. Institutional investors own 80.46% of the company's stock.

Insider Activity at PriceSmart

In other PriceSmart news, EVP David R. Price sold 2,750 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total value of $253,660.00. Following the completion of the sale, the executive vice president now directly owns 48,844 shares in the company, valued at $4,505,370.56. This represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Fisher sold 5,478 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $90.83, for a total value of $497,566.74. Following the completion of the transaction, the director now owns 21,646 shares of the company's stock, valued at $1,966,106.18. This represents a 20.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,463 shares of company stock worth $1,400,727 in the last ninety days. Company insiders own 17.10% of the company's stock.

PriceSmart Stock Down 4.5 %

Shares of NASDAQ PSMT opened at $89.25 on Monday. PriceSmart, Inc. has a 1 year low of $74.74 and a 1 year high of $99.23. The firm's 50-day moving average is $91.55 and its 200-day moving average is $88.76. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2.74 billion, a PE ratio of 19.53 and a beta of 0.86.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.22). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 EPS. Equities analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered PriceSmart from a "buy" rating to a "hold" rating in a research report on Friday.

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.