Victory Capital Management Inc. Sells 4,170 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Victory Capital Management Inc. lessened its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 44.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,259 shares of the company’s stock after selling 4,170 shares during the quarter. Victory Capital Management Inc.’s holdings in PriceSmart were worth $427,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. LSV Asset Management raised its stake in PriceSmart by 938.5% during the first quarter. LSV Asset Management now owns 181,971 shares of the company’s stock worth $15,286,000 after acquiring an additional 164,449 shares in the last quarter. Vanguard Group Inc. lifted its holdings in PriceSmart by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 3,319,255 shares of the company’s stock valued at $251,533,000 after purchasing an additional 141,920 shares during the last quarter. UBS Group AG lifted its holdings in PriceSmart by 2,132.7% during the 4th quarter. UBS Group AG now owns 88,015 shares of the company’s stock valued at $6,670,000 after purchasing an additional 84,073 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in PriceSmart in the first quarter valued at about $2,673,000. Finally, EdgePoint Investment Group Inc. grew its stake in PriceSmart by 1.1% during the first quarter. EdgePoint Investment Group Inc. now owns 2,713,463 shares of the company’s stock worth $227,931,000 after buying an additional 30,045 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Stock Performance

Shares of NASDAQ:PSMT opened at $89.00 on Tuesday. The business has a fifty day moving average of $87.16 and a 200-day moving average of $83.83. 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, Inc. has a twelve month low of $61.82 and a twelve month high of $92.76. The firm has a market cap of $2.73 billion, a PE ratio of 21.60 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Wednesday, July 10th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. PriceSmart had a net margin of 2.60% and a return on equity of 11.89%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted $1.02 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts predict that PriceSmart, Inc. will post 4.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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 1,298 shares of PriceSmart stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $87.00, for a total value of $112,926.00. Following the completion of the sale, the executive vice president now directly owns 81,751 shares of the company’s stock, valued at approximately $7,112,337. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Sherry S. Bahrambeygui sold 9,500 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $84.37, for a total value of $801,515.00. Following the transaction, the director now directly owns 61,216 shares in the company, valued at $5,164,793.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Francisco Velasco sold 1,298 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $87.00, for a total transaction of $112,926.00. Following the completion of the transaction, the executive vice president now directly owns 81,751 shares in the company, valued at $7,112,337. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,904 shares of company stock valued at $1,806,714. 18.60% of the stock is currently owned by corporate insiders.

About PriceSmart

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.