Black Creek Investment Management Inc. Sells 67,133 Shares of PriceSmart, Inc. $PSMT

Black Creek Investment Management Inc. trimmed its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,638,619 shares of the company’s stock after selling 67,133 shares during the period. PriceSmart makes up about 10.0% of Black Creek Investment Management Inc.’s holdings, making the stock its 3rd biggest position. Black Creek Investment Management Inc. owned approximately 0.05% of PriceSmart worth $201,009,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PSMT. Geneos Wealth Management Inc. raised its position in PriceSmart by 560.0% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after buying an additional 252 shares during the period. UMB Bank n.a. increased its position in PriceSmart by 76.0% in the 4th quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after purchasing an additional 98 shares during the last quarter. CENTRAL TRUST Co acquired a new position in PriceSmart in the 4th quarter worth about $32,000. AlphaQuest LLC increased its position in PriceSmart by 127.5% in the 3rd quarter. AlphaQuest LLC now owns 414 shares of the company’s stock worth $50,000 after purchasing an additional 232 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in PriceSmart by 57.2% in the 2nd quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock worth $52,000 after purchasing an additional 179 shares during the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gordon H. Hanson sold 635 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $157.60, for a total transaction of $100,076.00. Following the transaction, the director owned 8,149 shares of the company’s stock, valued at approximately $1,284,282.40. This represents a 7.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Francisco Velasco sold 338 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $158.56, for a total value of $53,593.28. Following the transaction, the executive vice president directly owned 75,659 shares in the company, valued at approximately $11,996,491.04. This represents a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,232 shares of company stock valued at $504,198. Insiders own 17.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

PriceSmart Stock Performance

Shares of NASDAQ PSMT opened at $182.30 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.52 and a current ratio of 1.29. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 35.96 and a beta of 0.78. The business’s 50-day simple moving average is $162.63 and its 200-day simple moving average is $147.66. PriceSmart, Inc. has a 52 week low of $99.98 and a 52 week high of $183.19.

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

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.