Sagil Capital LLP Sells 12,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Sagil Capital LLP lessened its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 71.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,855 shares of the company’s stock after selling 12,000 shares during the quarter. PriceSmart comprises 0.3% of Sagil Capital LLP’s holdings, making the stock its 14th biggest position. Sagil Capital LLP’s holdings in PriceSmart were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in PriceSmart in the 2nd quarter valued at $28,000. Canada Pension Plan Investment Board bought a new stake in PriceSmart in the 2nd quarter valued at $32,000. GAMMA Investing LLC raised its stake in shares of PriceSmart by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock valued at $34,000 after buying an additional 181 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of PriceSmart during the 2nd quarter worth about $40,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of PriceSmart during the 2nd quarter valued at about $45,000. Institutional investors own 80.46% of the company’s stock.

Insiders Place Their Bets

In other PriceSmart news, EVP Francisco Velasco sold 827 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $91.03, for a total transaction of $75,281.81. Following the transaction, the executive vice president now owns 84,385 shares of the company’s stock, valued at approximately $7,681,566.55. This represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David R. Price sold 2,750 shares of PriceSmart stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $92.24, for a total value of $253,660.00. Following the completion of the sale, the executive vice president now directly owns 48,844 shares of the company’s stock, valued at $4,505,370.56. This trade represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,960 shares of company stock valued at $1,535,673. 18.60% of the stock is currently owned by corporate insiders.

PriceSmart Price Performance

Shares of NASDAQ:PSMT traded up $1.68 on Monday, hitting $91.64. The stock had a trading volume of 14,983 shares, compared to its average volume of 149,409. The firm’s 50 day moving average price is $90.08 and its 200-day moving average price is $86.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.22. PriceSmart, Inc. has a twelve month low of $66.95 and a twelve month high of $94.82. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 19.68 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Wednesday, October 30th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. On average, equities research analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday.

PriceSmart 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.