SG Americas Securities LLC Purchases New Shares in PriceSmart, Inc. (NASDAQ:PSMT)

SG Americas Securities LLC purchased a new stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) during the third quarter, HoldingsChannel reports. The fund purchased 1,354 shares of the company’s stock, valued at approximately $124,000.

A number of other hedge funds also recently bought and sold shares of the business. Arizona State Retirement System raised its stake in PriceSmart by 2.3% during the second quarter. Arizona State Retirement System now owns 7,293 shares of the company’s stock valued at $592,000 after purchasing an additional 165 shares in the last quarter. GAMMA Investing LLC raised its stake in PriceSmart by 76.4% during the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock valued at $34,000 after purchasing an additional 181 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in PriceSmart by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 9,864 shares of the company’s stock valued at $801,000 after purchasing an additional 183 shares in the last quarter. US Bancorp DE raised its stake in PriceSmart by 5.2% during the first quarter. US Bancorp DE now owns 4,239 shares of the company’s stock valued at $356,000 after purchasing an additional 209 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in PriceSmart by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 21,918 shares of the company’s stock valued at $1,841,000 after purchasing an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th.

Insider Activity

In other news, EVP Francisco Velasco sold 670 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $89.05, for a total value of $59,663.50. Following the sale, the executive vice president now owns 79,470 shares of the company’s stock, valued at approximately $7,076,803.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 18.60% of the company’s stock.

PriceSmart Trading Down 1.3 %

Shares of PSMT opened at $91.70 on Friday. PriceSmart, Inc. has a twelve month low of $61.82 and a twelve month high of $94.82. The company has a market cap of $2.81 billion, a P/E ratio of 22.26 and a beta of 0.84. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $89.73 and its 200-day simple moving average is $85.35.

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.