Nationwide Fund Advisors lifted its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 31.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,651 shares of the company’s stock after purchasing an additional 6,391 shares during the period. Nationwide Fund Advisors owned 0.09% of PriceSmart worth $2,335,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in shares of PriceSmart by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 2,857 shares of the company’s stock valued at $263,000 after purchasing an additional 81 shares during the last quarter. First Midwest Bank Trust Division lifted its stake in shares of PriceSmart by 2.3% in the 2nd quarter. First Midwest Bank Trust Division now owns 8,694 shares of the company’s stock valued at $762,000 after purchasing an additional 199 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of PriceSmart by 8.0% in the 2nd quarter. Prudential Financial Inc. now owns 3,632 shares of the company’s stock valued at $318,000 after purchasing an additional 270 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of PriceSmart by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,965 shares of the company’s stock valued at $172,000 after purchasing an additional 295 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of PriceSmart by 0.7% in the 1st quarter. California Public Employees Retirement System now owns 42,500 shares of the company’s stock valued at $3,919,000 after purchasing an additional 300 shares during the last quarter. 71.98% of the stock is owned by institutional investors and hedge funds.
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In related news, Director Sherry S. Bahrambeygui sold 3,561 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $84.88, for a total transaction of $302,257.68. Following the completion of the transaction, the director now owns 125,374 shares in the company, valued at $10,641,745.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 28.00% of the company’s stock.
PriceSmart, Inc. (PSMT) opened at 90.10 on Friday. The company has a market cap of $2.71 billion, a P/E ratio of 29.45 and a beta of 1.26. PriceSmart, Inc. has a one year low of $78.00 and a one year high of $94.40. The company has a 50-day moving average of $86.49 and a 200 day moving average of $86.28.
PSMT has been the subject of several analyst reports. TheStreet lowered shares of PriceSmart from a “b” rating to a “c+” rating in a research note on Thursday, July 13th. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Ifs Securities began coverage on shares of PriceSmart in a report on Monday, September 25th. They issued a “market perform” rating and a $85.00 target price on the stock. Zacks Investment Research upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, Roth Capital set a $102.00 target price on shares of PriceSmart and gave the stock a “buy” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. PriceSmart has an average rating of “Hold” and an average price target of $92.50.
PriceSmart Company Profile
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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