54,577 Shares in PriceSmart, Inc. (NASDAQ:PSMT) Acquired by Burney Co.

Burney Co. bought a new stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 54,577 shares of the company’s stock, valued at approximately $5,030,000. Burney Co. owned about 0.18% of PriceSmart at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PSMT. Canada Pension Plan Investment Board purchased a new stake in shares of PriceSmart in the 2nd quarter worth $32,000. GAMMA Investing LLC grew its holdings in PriceSmart by 96.9% during the third quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $76,000 after purchasing an additional 405 shares during the period. nVerses Capital LLC increased its position in PriceSmart by 66.7% in the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $92,000 after buying an additional 400 shares in the last quarter. Blue Trust Inc. raised its stake in shares of PriceSmart by 423.1% in the third quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock worth $96,000 after buying an additional 842 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of PriceSmart during the 3rd quarter valued at about $124,000. 80.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of PriceSmart from a “buy” rating to a “hold” rating in a report on Friday, January 10th.

PriceSmart Stock Up 0.8 %

NASDAQ PSMT opened at $86.89 on Wednesday. PriceSmart, Inc. has a 12 month low of $74.74 and a 12 month high of $99.23. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2.66 billion, a PE ratio of 19.01 and a beta of 0.86. The stock’s 50 day moving average is $91.51 and its 200 day moving average is $88.88.

PriceSmart (NASDAQ:PSMT) last issued its earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. PriceSmart’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 EPS. Research analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Insider Transactions at PriceSmart

In other PriceSmart news, EVP David R. Price sold 2,750 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $92.24, for a total transaction of $253,660.00. Following the completion of the transaction, the executive vice president now owns 48,844 shares in the company, valued at $4,505,370.56. This trade represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Fisher sold 5,478 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $90.83, for a total transaction of $497,566.74. Following the sale, the director now owns 21,646 shares in the company, valued at $1,966,106.18. This represents a 20.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,463 shares of company stock valued at $1,400,727. 17.10% of the stock is currently owned by insiders.

About PriceSmart

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.