Cwm LLC Has $150,000 Position in PriceSmart, Inc. (NASDAQ:PSMT)

Cwm LLC grew its position in PriceSmart, Inc. (NASDAQ:PSMT) by 30.4% during the 3rd quarter, Holdings Channel reports. The firm owned 1,632 shares of the company’s stock after purchasing an additional 380 shares during the quarter. Cwm LLC’s holdings in PriceSmart were worth $150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PSMT. 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. Norden Group LLC bought a new position in shares of PriceSmart in the first quarter valued at approximately $2,420,000. Principal Financial Group Inc. raised its stake in shares of PriceSmart by 0.9% in the first quarter. Principal Financial Group Inc. now owns 135,328 shares of the company’s stock valued at $11,368,000 after acquiring an additional 1,181 shares during the last quarter. Capstone Investment Advisors LLC boosted its holdings in shares of PriceSmart by 249.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 18,868 shares of the company’s stock worth $1,585,000 after acquiring an additional 13,461 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position in PriceSmart by 201.5% during the 1st quarter. GSA Capital Partners LLP now owns 20,369 shares of the company’s stock worth $1,711,000 after acquiring an additional 13,614 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Stock Up 0.9 %

Shares of NASDAQ PSMT opened at $92.90 on Friday. PriceSmart, Inc. has a 12-month low of $61.82 and a 12-month high of $94.82. The firm’s 50-day simple moving average is $89.61 and its 200 day simple moving average is $85.28. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 22.55 and a beta of 0.84.

Analysts Set New Price Targets

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

Insider Transactions at PriceSmart

In related news, EVP Francisco Velasco sold 670 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $89.05, for a total value of $59,663.50. Following the completion of the sale, the executive vice president now owns 79,470 shares of the company’s stock, valued at $7,076,803.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 18.60% of the stock is owned by company 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.