Heck Capital Advisors LLC Acquires Shares of 575 PriceSmart, Inc. (NASDAQ:PSMT)

Heck Capital Advisors LLC bought a new position in PriceSmart, Inc. (NASDAQ:PSMT) during the fourth quarter, Holdings Channel reports. The fund bought 575 shares of the company’s stock, valued at approximately $53,000.

Several other institutional investors also recently modified their holdings of the business. Barclays PLC grew its holdings in PriceSmart by 227.3% in the third quarter. Barclays PLC now owns 46,710 shares of the company’s stock worth $4,287,000 after purchasing an additional 32,438 shares during the period. Stifel Financial Corp grew its stake in shares of PriceSmart by 18.4% in the 3rd quarter. Stifel Financial Corp now owns 39,513 shares of the company’s stock worth $3,627,000 after buying an additional 6,137 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in PriceSmart by 47.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company’s stock valued at $1,677,000 after buying an additional 5,818 shares in the last quarter. Burney Co. purchased a new position in PriceSmart during the fourth quarter valued at $5,030,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in PriceSmart by 1.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,096 shares of the company’s stock worth $4,873,000 after acquiring an additional 503 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

PriceSmart Price Performance

Shares of PSMT opened at $90.97 on Monday. The company has a market capitalization of $2.79 billion, a P/E ratio of 20.04 and a beta of 0.86. PriceSmart, Inc. has a twelve month low of $74.74 and a twelve month high of $99.23. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $91.75 and a 200 day moving average of $89.67.

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

Insider Buying and Selling

In other news, COO John D. Hildebrandt sold 8,020 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $90.51, for a total transaction of $725,890.20. Following the sale, the chief operating officer now owns 123,547 shares of the company’s stock, valued at $11,182,238.97. This trade represents a 6.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gordon H. Hanson sold 1,107 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $87.22, for a total transaction of $96,552.54. Following the transaction, the director now directly owns 6,862 shares of the company’s stock, valued at $598,503.64. The trade was a 13.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,725 shares of company stock worth $2,685,625. 17.10% of the stock is owned by corporate insiders.

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.