PriceSmart, Inc. (NASDAQ:PSMT) Shares Acquired by Copeland Capital Management LLC

Copeland Capital Management LLC grew its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 29.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 621,697 shares of the company’s stock after buying an additional 140,515 shares during the period. Copeland Capital Management LLC’s holdings in PriceSmart were worth $57,302,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new stake in PriceSmart in the fourth quarter worth about $53,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of PriceSmart by 3,905.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock worth $63,000 after purchasing an additional 664 shares during the period. GAMMA Investing LLC lifted its holdings in shares of PriceSmart by 96.9% during the third quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock worth $76,000 after purchasing an additional 405 shares during the period. nVerses Capital LLC lifted its holdings in shares of PriceSmart by 66.7% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $92,000 after purchasing an additional 400 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of PriceSmart by 423.1% during the third quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock worth $96,000 after purchasing an additional 842 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised PriceSmart from a “hold” rating to a “buy” rating in a report on Friday.

Insider Buying and Selling at PriceSmart

In other PriceSmart news, EVP David R. Price sold 2,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total value of $253,660.00. Following the completion of the transaction, the executive vice president now directly owns 48,844 shares of the company’s stock, valued at approximately $4,505,370.56. The trade was a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John D. Hildebrandt sold 580 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $92.40, for a total value of $53,592.00. Following the completion of the sale, the chief operating officer now owns 858 shares of the company’s stock, valued at $79,279.20. This trade represents a 40.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,725 shares of company stock valued at $2,685,625. 17.10% of the stock is owned by company insiders.

PriceSmart Trading Down 1.1 %

PriceSmart stock opened at $90.97 on Friday. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 52 week low of $74.74 and a 52 week high of $99.23. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 20.04 and a beta of 0.86. The stock has a 50-day moving average price of $91.75 and a 200 day moving average price of $89.67.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The company’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current year.

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.