3,399 PriceSmart, Inc. $PSMT Shares Sold by Vest Financial LLC

Vest Financial LLC cut its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,487 shares of the company’s stock after selling 3,399 shares during the quarter. Vest Financial LLC owned about 0.16% of PriceSmart worth $8,538,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PSMT. Nisa Investment Advisors LLC grew its holdings in shares of PriceSmart by 12.0% during the third quarter. Nisa Investment Advisors LLC now owns 606 shares of the company’s stock worth $102,000 after buying an additional 65 shares during the last quarter. Strs Ohio raised its stake in PriceSmart by 1.5% during the 1st quarter. Strs Ohio now owns 6,800 shares of the company’s stock valued at $1,023,000 after acquiring an additional 100 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in PriceSmart by 46.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 343 shares of the company’s stock worth $67,000 after acquiring an additional 109 shares during the period. EverSource Wealth Advisors LLC lifted its position in PriceSmart by 22.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 651 shares of the company’s stock worth $98,000 after acquiring an additional 120 shares during the period. Finally, GAMMA Investing LLC lifted its position in PriceSmart by 9.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,815 shares of the company’s stock worth $307,000 after acquiring an additional 164 shares during the period. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PSMT has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of PriceSmart in a report on Wednesday, August 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $198.00 price target on shares of PriceSmart in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $198.00.

PriceSmart Trading Up 0.0%

NASDAQ PSMT opened at $171.59 on Friday. The stock has a market capitalization of $5.30 billion, a P/E ratio of 32.93 and a beta of 0.73. PriceSmart, Inc. has a 52-week low of $111.68 and a 52-week high of $199.84. The firm has a 50-day moving average price of $171.72 and a 200 day moving average price of $173.74. The company has a quick ratio of 0.53, a current ratio of 1.28 and a debt-to-equity ratio of 0.08.

Insider Buying and Selling

In other news, Director Sherry S. Bahrambeygui sold 3,499 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $197.38, for a total transaction of $690,632.62. Following the completion of the transaction, the director directly owned 32,150 shares of the company’s stock, valued at approximately $6,345,767. This represents a 9.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Francisco Velasco sold 338 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $177.87, for a total value of $60,120.06. Following the completion of the sale, the executive vice president directly owned 75,321 shares of the company’s stock, valued at $13,397,346.27. This represents a 0.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 6,937 shares of company stock worth $1,349,392 in the last ninety days. 17.00% of the stock is owned by corporate insiders.

PriceSmart Profile

PriceSmart, Inc operates membership warehouse clubs serving consumers and businesses in Latin America and the Caribbean. The company offers a broad selection of products at value-oriented prices, including groceries, fresh foods, beverages, household supplies, apparel, appliances, electronics, furniture and other general merchandise.

Through its warehouse clubs and digital commerce platforms, PriceSmart provides shopping and delivery options designed for both individual members and small businesses.