State Street Corp Reduces Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

State Street Corp lowered its position in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,027,385 shares of the company's stock after selling 13,961 shares during the period. State Street Corp owned approximately 3.35% of PriceSmart worth $94,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in PriceSmart during the second quarter valued at about $28,000. Canada Pension Plan Investment Board purchased a new position in shares of PriceSmart during the second quarter worth $32,000. Meeder Asset Management Inc. acquired a new position in shares of PriceSmart in the 2nd quarter valued at about $40,000. Hantz Financial Services Inc. purchased a new stake in PriceSmart in the 2nd quarter worth approximately $45,000. Finally, nVerses Capital LLC acquired a new position in shares of PriceSmart in the second quarter worth about $49,000. Institutional investors own 80.46% of the company's stock.

PriceSmart Price Performance

PSMT traded down $0.70 on Tuesday, reaching $93.77. 188,069 shares of the company's stock were exchanged, compared to its average volume of 151,575. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.45. The stock's fifty day moving average price is $90.79 and its 200-day moving average price is $87.26. The stock has a market cap of $2.88 billion, a PE ratio of 20.52 and a beta of 0.86. PriceSmart, Inc. has a twelve month low of $72.14 and a twelve month high of $99.23.

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

Insider Transactions at PriceSmart

In other PriceSmart news, EVP Paul Kovaleski sold 3,235 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were 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 owns 44,309 shares in the company, valued at $3,986,037.64. The trade was a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey Fisher sold 5,478 shares of PriceSmart stock in a transaction dated 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. The trade was a 20.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,290 shares of company stock worth $1,476,009. 18.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.