PriceSmart, Inc. (NASDAQ:PSMT) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 330.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,615 shares of the company's stock after acquiring an additional 17,356 shares during the period. Victory Capital Management Inc. owned 0.07% of PriceSmart worth $2,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Simplicity Wealth LLC purchased a new stake in PriceSmart in the second quarter worth $1,202,000. Tidal Investments LLC bought a new position in shares of PriceSmart during the 1st quarter worth $780,000. Acadian Asset Management LLC increased its stake in shares of PriceSmart by 20.0% during the second quarter. Acadian Asset Management LLC now owns 63,940 shares of the company's stock valued at $5,183,000 after buying an additional 10,673 shares during the period. Vanguard Group Inc. raised its holdings in shares of PriceSmart by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,424,660 shares of the company's stock valued at $287,671,000 after acquiring an additional 105,405 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in PriceSmart by 46.7% in the second quarter. Envestnet Asset Management Inc. now owns 96,088 shares of the company's stock worth $7,802,000 after acquiring an additional 30,581 shares during the period. Hedge funds and other institutional investors own 80.46% of the company's stock.

Insiders Place Their Bets

In other PriceSmart news, EVP Francisco Velasco sold 670 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $89.05, for a total transaction of $59,663.50. Following the transaction, the executive vice president now owns 79,470 shares in the company, valued at approximately $7,076,803.50. This represents a 0.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $291,020.60. Following the sale, the executive vice president now owns 44,309 shares of the company's stock, valued at $3,986,037.64. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,960 shares of company stock valued at $1,535,673. 18.60% of the stock is currently owned by insiders.

PriceSmart Stock Up 2.1 %

Shares of NASDAQ:PSMT traded up $1.88 on Monday, reaching $91.84. The company had a trading volume of 122,894 shares, compared to its average volume of 149,882. 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 $2.82 billion, a PE ratio of 19.68 and a beta of 0.85. PriceSmart, Inc. has a 52-week low of $66.95 and a 52-week high of $94.82. The firm's 50 day simple moving average is $90.08 and its 200-day simple moving average is $86.40.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced 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). PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business's revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of PriceSmart from a "buy" rating to a "hold" rating in a 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.