3 days Ago By ABMN Staff
Meeder Asset Management Inc. bought a new stake in PriceSmart, Inc. ( NASDAQ:PSMT – Free Report ) during the second quarter, HoldingsChannel.
com reports. The fund bought 493 shares of the company’s stock, valued at approximately $40,000. A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business.
American Century Companies Inc. increased its stake in PriceSmart by 20.4% in the second quarter.
American Century Companies Inc. now owns 1,085,897 shares of the company’s stock valued at $88,175,000 after acquiring an additional 184,252 shares during the period. Headlands Technologies LLC increased its stake in PriceSmart by 28.
3% in the second quarter. Headlands Technologies LLC now owns 2,260 shares of the company’s stock valued at $184,000 after acquiring an additional 498 shares during the period. Texas Permanent School Fund Corp increased its stake in PriceSmart by 1.
6% in the second quarter. Texas Permanent School Fund Corp now owns 22,262 shares of the company’s stock valued at $1,808,000 after acquiring an additional 344 shares during the period. Quest Partners LLC increased its stake in PriceSmart by 160.
9% in the second quarter. Quest Partners LLC now owns 8,230 shares of the company’s stock valued at $668,000 after acquiring an additional 5,076 shares during the period. Finally, LSV Asset Management increased its stake in PriceSmart by 28.
9% in the second quarter. LSV Asset Management now owns 234,571 shares of the company’s stock valued at $19,047,000 after acquiring an additional 52,600 shares during the period. Institutional investors own 80.
46% of the company’s stock. Insiders Place Their Bets In other PriceSmart news, EVP Francisco Velasco sold 670 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $89.
05, for a total transaction of $59,663.50. Following the sale, the executive vice president now directly owns 79,470 shares of the company’s stock, valued at $7,076,803.
50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . In other PriceSmart news, EVP Francisco Velasco sold 670 shares of the company’s stock in a transaction dated Thursday, August 29th.
The shares were sold at an average price of $89.05, for a total transaction of $59,663.50.
Following the sale, the executive vice president now directly owns 79,470 shares of the company’s stock, valued at $7,076,803.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link .
Also, CFO Michael Mccleary sold 4,000 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $87.51, for a total transaction of $350,040.
00. Following the sale, the chief financial officer now directly owns 67,474 shares in the company, valued at $5,904,649.74.
The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 20,904 shares of company stock valued at $1,806,714. 18.
60% of the stock is currently owned by insiders. PriceSmart Stock Performance PriceSmart ( NASDAQ:PSMT – Get Free Report ) last issued its quarterly earnings data on Wednesday, July 10th. The company reported $1.
08 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.07.
The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion.
PriceSmart had a net margin of 2.60% and a return on equity of 11.89%.
The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.
02 earnings per share. As a group, research analysts forecast that PriceSmart, Inc. will post 4.
64 earnings per share for the current fiscal year. Analyst Ratings Changes Separately, StockNews.com raised shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th.
Read Our Latest Report on PriceSmart PriceSmart Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding PSMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PriceSmart, Inc.
( NASDAQ:PSMT – Free Report ). 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 .
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