GW&K Investment Management LLC Has $28.47 Million Position in PriceSmart, Inc. (PSMT)

GW&K Investment Management LLC increased its position in PriceSmart, Inc. (NASDAQ:PSMT) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,709 shares of the company’s stock after purchasing an additional 17,250 shares during the period. GW&K Investment Management LLC owned approximately 1.09% of PriceSmart worth $28,474,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its stake in PriceSmart by 9.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 163,831 shares of the company’s stock worth $14,106,000 after purchasing an additional 14,657 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in PriceSmart by 1.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 654,058 shares of the company’s stock worth $58,374,000 after purchasing an additional 12,039 shares in the last quarter. Brown Advisory Inc. boosted its stake in PriceSmart by 48.8% in the 3rd quarter. Brown Advisory Inc. now owns 302,536 shares of the company’s stock worth $27,001,000 after purchasing an additional 99,167 shares in the last quarter. Thornburg Investment Management Inc. boosted its stake in PriceSmart by 3.6% in the 3rd quarter. Thornburg Investment Management Inc. now owns 133,225 shares of the company’s stock worth $11,890,000 after purchasing an additional 4,652 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in PriceSmart by 3.5% in the 3rd quarter. Wells Fargo & Company MN now owns 282,737 shares of the company’s stock worth $25,235,000 after purchasing an additional 9,433 shares in the last quarter. Institutional investors own 72.83% of the company’s stock.

In other news, COO William J. Naylon sold 2,400 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $80.05, for a total transaction of $192,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Hildebrandt sold 1,614 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $83.47, for a total transaction of $134,720.58. Following the sale, the executive vice president now directly owns 17,237 shares of the company’s stock, valued at approximately $1,438,772.39. The disclosure for this sale can be found here. Insiders have sold a total of 44,997 shares of company stock valued at $3,683,782 in the last ninety days. Insiders own 28.00% of the company’s stock.

Several research firms have issued reports on PSMT. Zacks Investment Research upgraded shares of PriceSmart from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Saturday, January 13th. TheStreet upgraded shares of PriceSmart from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. Scotia Howard Weill restated a “sector perform” rating on shares of PriceSmart in a research note on Friday, January 5th. Howard Weil cut shares of PriceSmart from a “sector outperform” rating to a “sector perform” rating in a research note on Friday, January 5th. Finally, Ifs Securities upgraded shares of PriceSmart from a “market perform” rating to an “outperform” rating in a research note on Friday, December 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $91.75.

PriceSmart, Inc. (NASDAQ:PSMT) opened at $84.65 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.44 and a current ratio of 1.39. The stock has a market cap of $2,570.00, a PE ratio of 29.19 and a beta of 1.31. PriceSmart, Inc. has a one year low of $78.00 and a one year high of $94.00.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Thursday, January 4th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.08). PriceSmart had a net margin of 2.92% and a return on equity of 12.61%. The business had revenue of $767.10 million for the quarter, compared to analysts’ expectations of $764.67 million. During the same period in the previous year, the company earned $0.82 EPS. PriceSmart’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities research analysts forecast that PriceSmart, Inc. will post 3.2 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/01/20/gwk-investment-management-llc-has-28-47-million-position-in-pricesmart-inc-psmt.html.

About PriceSmart

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.

Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

Receive News & Ratings for PriceSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PriceSmart and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply