PriceSmart, Inc. (PSMT) Position Raised by Fmr LLC

Fmr LLC boosted its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,124,293 shares of the company’s stock after purchasing an additional 10,907 shares during the period. Fmr LLC owned approximately 3.74% of PriceSmart worth $98,488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PSMT. BlackRock Inc. boosted its stake in PriceSmart by 76,229.7% during the 1st quarter. BlackRock Inc. now owns 1,286,919 shares of the company’s stock valued at $118,654,000 after acquiring an additional 1,285,233 shares during the last quarter. Genesis Asset Managers LLP boosted its stake in PriceSmart by 267.8% during the 2nd quarter. Genesis Asset Managers LLP now owns 598,786 shares of the company’s stock valued at $52,454,000 after acquiring an additional 435,964 shares during the last quarter. Vanguard Group Inc. boosted its stake in PriceSmart by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 2,016,257 shares of the company’s stock valued at $185,899,000 after acquiring an additional 200,045 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in PriceSmart by 8.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,378,780 shares of the company’s stock valued at $120,781,000 after acquiring an additional 109,090 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in PriceSmart by 11.9% during the 2nd quarter. Bank of Montreal Can now owns 1,018,827 shares of the company’s stock valued at $89,249,000 after acquiring an additional 108,009 shares during the last quarter. 71.98% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on PSMT. Roth Capital reiterated a “buy” rating and set a $100.00 price objective on shares of PriceSmart in a research note on Monday, October 2nd. Ifs Securities began coverage on shares of PriceSmart in a research note on Monday, September 25th. They set a “market perform” rating and a $85.00 price objective on the stock. Zacks Investment Research upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub upgraded shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, TheStreet downgraded shares of PriceSmart from a “b” rating to a “c+” rating in a research note on Thursday, July 13th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $92.50.

PriceSmart, Inc. (NASDAQ:PSMT) opened at 88.80 on Wednesday. The company has a market capitalization of $2.67 billion, a P/E ratio of 29.03 and a beta of 1.26. PriceSmart, Inc. has a 1-year low of $78.00 and a 1-year high of $94.40. The firm’s 50-day moving average is $85.69 and its 200-day moving average is $86.28.

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In related news, Director Sherry S. Bahrambeygui sold 3,561 shares of the business’s 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 transaction, the director now owns 125,374 shares of the company’s stock, valued at $10,641,745.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 28.00% of the company’s stock.

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.

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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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