JPMorgan Chase & Co. Has $3.94 Million Stake in PriceSmart, Inc. (NASDAQ:PSMT)

JPMorgan Chase & Co. raised its stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 8.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,955 shares of the company's stock after buying an additional 3,406 shares during the quarter. JPMorgan Chase & Co. owned 0.14% of PriceSmart worth $3,942,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised 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 valued at $4,287,000 after acquiring an additional 32,438 shares during the period. Stifel Financial Corp grew its holdings in shares of PriceSmart by 18.4% in the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of PriceSmart by 1.0% in 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 buying an additional 503 shares in the last quarter. Managed Asset Portfolios LLC raised its stake in PriceSmart by 16.5% during the 3rd quarter. Managed Asset Portfolios LLC now owns 81,635 shares of the company's stock worth $7,493,000 after buying an additional 11,546 shares during the period. Finally, Victory Capital Management Inc. raised its stake in PriceSmart by 330.0% during the 3rd quarter. Victory Capital Management Inc. now owns 22,615 shares of the company's stock worth $2,076,000 after buying an additional 17,356 shares during the period. Institutional investors own 80.46% of the company's stock.

PriceSmart Stock Up 0.2 %

NASDAQ PSMT traded up $0.18 during trading on Friday, hitting $87.30. The stock had a trading volume of 183,172 shares, compared to its average volume of 162,448. PriceSmart, Inc. has a 12 month low of $74.74 and a 12 month high of $99.23. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.26. The company's 50-day moving average price is $91.30 and its two-hundred day moving average price is $88.98. The company has a market capitalization of $2.68 billion, a PE ratio of 19.23 and a beta of 0.86.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its earnings results on Wednesday, January 8th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.22). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the company posted $1.24 EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current year.

Insider Activity at PriceSmart

In other PriceSmart news, EVP Paul Kovaleski sold 3,235 shares of PriceSmart stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $89.96, for a total value of $291,020.60. Following the completion of the transaction, the executive vice president now directly owns 44,309 shares of the company's stock, valued at $3,986,037.64. The trade was a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gordon H. Hanson sold 1,107 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $87.22, for a total value of $96,552.54. Following the sale, the director now owns 6,862 shares of the company's stock, valued at approximately $598,503.64. The trade was a 13.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,570 shares of company stock valued at $1,497,280. 17.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of PriceSmart from a "buy" rating to a "hold" rating in a report on Friday, January 10th.

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.