Copeland Capital Management LLC Has $76.24 Million Stock Holdings in PriceSmart, Inc. $PSMT

Copeland Capital Management LLC reduced its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 725,844 shares of the company’s stock after selling 56,509 shares during the period. PriceSmart accounts for 1.6% of Copeland Capital Management LLC’s portfolio, making the stock its 10th largest position. Copeland Capital Management LLC owned approximately 2.36% of PriceSmart worth $76,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake in PriceSmart by 560.0% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after buying an additional 252 shares in the last quarter. Ridgewood Investments LLC bought a new position in PriceSmart in the first quarter worth about $42,000. Quarry LP bought a new position in PriceSmart in the first quarter worth about $49,000. USA Financial Formulas bought a new position in PriceSmart in the second quarter worth about $53,000. Finally, Fifth Third Bancorp raised its stake in PriceSmart by 119.7% in the first quarter. Fifth Third Bancorp now owns 635 shares of the company’s stock worth $56,000 after buying an additional 346 shares in the last quarter. 80.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday, September 26th.

Insider Buying and Selling

In related news, EVP Michael Mccleary sold 9,754 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $110.62, for a total transaction of $1,078,987.48. Following the transaction, the executive vice president owned 47,082 shares in the company, valued at $5,208,210.84. This represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Francisco Velasco sold 550 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $106.31, for a total transaction of $58,470.50. Following the transaction, the executive vice president owned 77,908 shares in the company, valued at approximately $8,282,399.48. This trade represents a 0.70% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 17.10% of the company’s stock.

PriceSmart Price Performance

Shares of PSMT opened at $121.61 on Friday. The stock has a market cap of $3.74 billion, a PE ratio of 25.66 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.50 and a current ratio of 1.28. PriceSmart, Inc. has a fifty-two week low of $81.25 and a fifty-two week high of $123.20. The firm’s 50-day simple moving average is $112.30 and its two-hundred day simple moving average is $104.22.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Thursday, July 10th. The company reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. PriceSmart had a return on equity of 12.46% and a net margin of 2.82%.PriceSmart’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.08 EPS. Analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

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.