Y Intercept Hong Kong Ltd Grows Holdings in PriceSmart, Inc. $PSMT

Y Intercept Hong Kong Ltd raised its position in PriceSmart, Inc. (NASDAQ:PSMT) by 51.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,180 shares of the company’s stock after buying an additional 2,779 shares during the period. Y Intercept Hong Kong Ltd’s holdings in PriceSmart were worth $1,231,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of PSMT. Geneos Wealth Management Inc. lifted its holdings in PriceSmart by 560.0% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock worth $26,000 after acquiring an additional 252 shares during the period. UMB Bank n.a. increased its position in shares of 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 last quarter. CENTRAL TRUST Co bought a new stake in shares of PriceSmart during the 4th quarter worth $32,000. Osaic Holdings Inc. boosted its holdings in shares of PriceSmart by 57.2% in the 2nd quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock worth $52,000 after buying an additional 179 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in PriceSmart by 45,600.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 457 shares of the company’s stock valued at $56,000 after buying an additional 456 shares during the period. Institutional investors own 80.46% of the company’s stock.

PriceSmart Stock Performance

NASDAQ PSMT traded up $8.04 during trading on Friday, hitting $196.30. 382,033 shares of the company’s stock traded hands, compared to its average volume of 344,015. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.52 and a current ratio of 1.28. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 37.68 and a beta of 0.76. PriceSmart, Inc. has a 12-month low of $103.84 and a 12-month high of $199.84. The business has a 50 day moving average of $175.68 and a 200-day moving average of $156.61.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, July 8th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.04). PriceSmart had a return on equity of 12.16% and a net margin of 2.82%.The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the company posted $1.14 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Insider Buying and Selling

In related news, Director Edgar Zurcher sold 2,259 shares of the business’s stock in a transaction dated 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. The trade was a 21.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Francisco Velasco sold 338 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $158.56, for a total transaction of $53,593.28. Following the completion of the transaction, the executive vice president owned 75,659 shares in the company, valued at approximately $11,996,491.04. This trade represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,232 shares of company stock worth $504,198. Corporate insiders own 17.00% of the company’s stock.

About PriceSmart

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.