Ontario Teachers Pension Plan Board Invests $389,000 in PriceSmart, Inc. (NASDAQ:PSMT)

Ontario Teachers Pension Plan Board bought a new stake in PriceSmart, Inc. (NASDAQ:PSMT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,607 shares of the company’s stock, valued at approximately $389,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its position in PriceSmart by 600.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 700 shares of the company’s stock worth $41,000 after purchasing an additional 600 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in PriceSmart during the 4th quarter worth about $52,000. Quadrant Capital Group LLC acquired a new stake in PriceSmart during the 1st quarter worth about $58,000. Rockefeller Capital Management L.P. acquired a new stake in PriceSmart during the 1st quarter worth about $75,000. Finally, PNC Financial Services Group Inc. grew its position in PriceSmart by 67.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,479 shares of the company’s stock worth $88,000 after purchasing an additional 594 shares during the period. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded PriceSmart from a “hold” rating to a “strong sell” rating in a research report on Friday, March 29th. Three investment analysts have rated the stock with a sell rating and one has given a hold rating to the company. PriceSmart currently has an average rating of “Sell” and a consensus target price of $77.00.



In related news, Director Robert E. Price sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $62.76, for a total value of $627,600.00. Following the transaction, the director now directly owns 80 shares of the company’s stock, valued at approximately $5,020.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Hildebrandt sold 870 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $62.08, for a total transaction of $54,009.60. Following the completion of the transaction, the executive vice president now directly owns 15,271 shares in the company, valued at $948,023.68. The disclosure for this sale can be found here. Insiders sold a total of 54,007 shares of company stock worth $3,163,396 over the last ninety days. 27.10% of the stock is currently owned by corporate insiders.

PriceSmart stock traded down $0.51 during midday trading on Wednesday, reaching $51.46. The company had a trading volume of 6,753 shares, compared to its average volume of 149,137. The firm has a market capitalization of $1.52 billion, a PE ratio of 21.35 and a beta of 1.01. PriceSmart, Inc. has a 12-month low of $48.06 and a 12-month high of $94.45. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.09.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Tuesday, April 9th. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.23. The firm had revenue of $854.43 million for the quarter, compared to analyst estimates of $859.93 million. PriceSmart had a net margin of 2.38% and a return on equity of 11.51%. PriceSmart’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. On average, sell-side analysts predict that PriceSmart, Inc. will post 2.24 EPS for the current fiscal year.

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PriceSmart Profile

PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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