Fisher Asset Management LLC Has $26.62 Million Holdings in PriceSmart, Inc. $PSMT

Fisher Asset Management LLC boosted its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 821.3% in the fourth quarter, Holdings Channel reports. The firm owned 217,000 shares of the company’s stock after purchasing an additional 193,446 shares during the quarter. Fisher Asset Management LLC’s holdings in PriceSmart were worth $26,619,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Clearstead Advisors LLC raised its stake in PriceSmart by 15.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,482 shares of the company’s stock valued at $304,000 after purchasing an additional 331 shares in the last quarter. Hantz Financial Services Inc. raised its stake in PriceSmart by 15.1% in the fourth quarter. Hantz Financial Services Inc. now owns 745 shares of the company’s stock valued at $91,000 after purchasing an additional 98 shares in the last quarter. Coldstream Capital Management Inc. acquired a new position in PriceSmart in the fourth quarter valued at about $206,000. Jefferies Financial Group Inc. acquired a new position in PriceSmart in the fourth quarter valued at about $246,000. Finally, Global Retirement Partners LLC grew its position in PriceSmart by 4,084.6% in the fourth quarter. Global Retirement Partners LLC now owns 1,088 shares of the company’s stock valued at $133,000 after acquiring an additional 1,062 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded PriceSmart from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

PriceSmart Stock Performance

PriceSmart stock opened at $167.15 on Wednesday. PriceSmart, Inc. has a 12-month low of $99.98 and a 12-month high of $167.48. The company has a quick ratio of 0.52, a current ratio of 1.29 and a debt-to-equity ratio of 0.10. The business’s 50-day moving average price is $155.63 and its two-hundred day moving average price is $142.63. The stock has a market cap of $5.16 billion, a PE ratio of 32.97 and a beta of 0.77.

PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, April 8th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.05. PriceSmart had a return on equity of 12.23% and a net margin of 2.82%.The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business posted $1.45 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis.

Insider Buying and Selling at PriceSmart

In other PriceSmart news, Director Edgar Zurcher sold 2,259 shares of PriceSmart stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $155.17, for a total value of $350,529.03. Following the transaction, the director owned 8,151 shares in the company, valued at $1,264,790.67. The trade was a 21.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gordon H. Hanson sold 635 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $157.60, for a total value of $100,076.00. Following the sale, the director owned 8,149 shares in the company, valued at approximately $1,284,282.40. This trade represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,232 shares of company stock worth $504,198 over the last 90 days. Insiders own 17.00% of the company’s stock.

PriceSmart Profile

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.