PriceSmart, Inc. $PSMT Position Increased by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lifted its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 24.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 60,785 shares of the company’s stock after buying an additional 11,896 shares during the quarter. Lombard Odier Asset Management Europe Ltd owned approximately 0.20% of PriceSmart worth $7,456,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Maryland State Retirement & Pension System lifted its holdings in PriceSmart by 2.0% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,699 shares of the company’s stock worth $454,000 after acquiring an additional 73 shares during the last quarter. Parallel Advisors LLC raised its position in shares of PriceSmart by 14.3% during the 4th quarter. Parallel Advisors LLC now owns 590 shares of the company’s stock worth $72,000 after purchasing an additional 74 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of PriceSmart by 10.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 946 shares of the company’s stock worth $101,000 after purchasing an additional 93 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of PriceSmart by 15.1% in the 4th quarter. Hantz Financial Services Inc. now owns 745 shares of the company’s stock worth $91,000 after purchasing an additional 98 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in PriceSmart by 76.0% during the 4th quarter. UMB Bank n.a. now owns 227 shares of the company’s stock valued at $28,000 after purchasing an additional 98 shares during the period. 80.46% of the stock is owned by institutional investors and hedge funds.

PriceSmart Stock Performance

Shares of PSMT opened at $179.65 on Wednesday. The firm has a market capitalization of $5.55 billion, a PE ratio of 35.43 and a beta of 0.78. 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 firm has a 50-day moving average price of $163.72 and a 200 day moving average price of $148.65. PriceSmart, Inc. has a 52-week low of $99.98 and a 52-week high of $183.19.

PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, April 8th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.05. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 earnings per share.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Gordon H. Hanson sold 635 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $157.60, for a total transaction of $100,076.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 completion of the transaction, the director directly owned 8,151 shares in the company, valued at $1,264,790.67. This represents a 21.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,232 shares of company stock worth $504,198. 17.00% of the stock is owned by corporate insiders.

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.