UBS Group AG Sells 51,379 Shares of PriceSmart, Inc. $PSMT

UBS Group AG reduced its position in PriceSmart, Inc. (NASDAQ:PSMT) by 40.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 74,679 shares of the company’s stock after selling 51,379 shares during the quarter. UBS Group AG’s holdings in PriceSmart were worth $9,161,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PSMT. Advisors Asset Management Inc. increased its holdings in PriceSmart by 124.2% in the 1st quarter. Advisors Asset Management Inc. now owns 668 shares of the company’s stock valued at $59,000 after buying an additional 370 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in PriceSmart by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,917 shares of the company’s stock valued at $1,310,000 after buying an additional 648 shares during the period. Goldman Sachs Group Inc. increased its holdings in PriceSmart by 41.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 182,919 shares of the company’s stock valued at $16,069,000 after buying an additional 53,874 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in PriceSmart by 12.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,642 shares of the company’s stock valued at $6,206,000 after buying an additional 7,717 shares during the period. Finally, Intech Investment Management LLC boosted its stake in shares of PriceSmart by 34.7% in the 1st quarter. Intech Investment Management LLC now owns 18,673 shares of the company’s stock valued at $1,640,000 after purchasing an additional 4,806 shares in the last quarter. 80.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Gordon H. Hanson sold 635 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $157.60, for a total value of $100,076.00. Following the sale, the director directly owned 8,149 shares in the company, valued at approximately $1,284,282.40. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edgar Zurcher sold 2,259 shares of PriceSmart stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $155.17, for a total transaction of $350,529.03. Following the sale, the director owned 8,151 shares in the company, valued at approximately $1,264,790.67. This represents a 21.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 17.00% of the company’s stock.

PriceSmart Stock Performance

PSMT opened at $159.26 on Monday. The company’s 50 day moving average is $153.20 and its 200-day moving average is $140.41. PriceSmart, Inc. has a 1-year low of $99.98 and a 1-year high of $165.46. The company has a current ratio of 1.29, a quick ratio of 0.52 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.92 billion, a P/E ratio of 31.41 and a beta of 0.77.

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

Analyst Ratings Changes

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

PriceSmart Company 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.