PriceSmart, Inc. (NASDAQ:PSMT) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 6.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,549 shares of the company’s stock after selling 5,435 shares during the quarter. Assenagon Asset Management S.A.’s holdings in PriceSmart were worth $6,750,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PSMT. Innealta Capital LLC acquired a new position in shares of PriceSmart in the 2nd quarter worth approximately $28,000. Canada Pension Plan Investment Board acquired a new position in PriceSmart during the second quarter worth $32,000. GAMMA Investing LLC boosted its position in shares of PriceSmart by 76.4% during the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after buying an additional 181 shares during the period. Covestor Ltd grew its stake in shares of PriceSmart by 237.4% in the first quarter. Covestor Ltd now owns 442 shares of the company’s stock valued at $38,000 after buying an additional 311 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of PriceSmart in the 2nd quarter valued at $40,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

Insiders Place Their Bets

In other news, EVP Francisco Velasco sold 827 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $91.03, for a total value of $75,281.81. Following the sale, the executive vice president now directly owns 84,385 shares in the company, valued at approximately $7,681,566.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 18.60% of the company’s stock.

PriceSmart Trading Down 0.6 %

Shares of PSMT stock opened at $91.15 on Tuesday. PriceSmart, Inc. has a fifty-two week low of $61.82 and a fifty-two week high of $94.82. The company has a 50 day moving average price of $89.83 and a 200 day moving average price of $85.46. The stock has a market capitalization of $2.79 billion, a P/E ratio of 22.12 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20.

PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.