3,794 PriceSmart, Inc. $PSMT Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 39.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,757 shares of the company’s stock after selling 3,794 shares during the period. State of Alaska Department of Revenue’s holdings in PriceSmart were worth $973,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc bought a new stake in shares of PriceSmart during the second quarter worth $40,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of PriceSmart during the second quarter worth $67,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of PriceSmart by 45,600.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 457 shares of the company’s stock valued at $56,000 after acquiring an additional 456 shares during the last quarter. State of Wyoming bought a new position in shares of PriceSmart in the 2nd quarter valued at $92,000. Finally, Fortitude Family Office LLC lifted its stake in shares of PriceSmart by 1,592.9% in the 3rd quarter. Fortitude Family Office LLC now owns 474 shares of the company’s stock valued at $80,000 after acquiring an additional 446 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PSMT. Jefferies Financial Group reissued a “buy” rating and set a $198.00 price objective on shares of PriceSmart in a report on Wednesday, August 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of PriceSmart in a report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $198.00.

Insider Activity at PriceSmart

In other PriceSmart news, EVP Francisco Velasco sold 338 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $177.87, for a total value of $60,120.06. Following the completion of the transaction, the executive vice president directly owned 75,321 shares in the company, valued at approximately $13,397,346.27. This represents a 0.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sherry Bahrambeygui sold 3,499 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $197.38, for a total transaction of $690,632.62. Following the transaction, the director directly owned 32,150 shares of the company’s stock, valued at $6,345,767. The trade was a 9.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 6,937 shares of company stock valued at $1,349,392. Corporate insiders own 17.00% of the company’s stock.

PriceSmart Stock Down 1.0%

NASDAQ:PSMT opened at $171.53 on Thursday. The firm’s 50 day simple moving average is $171.89 and its 200 day simple moving average is $173.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 0.53. PriceSmart, Inc. has a one year low of $111.68 and a one year high of $199.84. The company has a market cap of $5.29 billion, a PE ratio of 32.92 and a beta of 0.73.

PriceSmart Company Profile

PriceSmart, Inc operates membership warehouse clubs serving consumers and businesses in Latin America and the Caribbean. The company offers a broad selection of products at value-oriented prices, including groceries, fresh foods, beverages, household supplies, apparel, appliances, electronics, furniture and other general merchandise.

Through its warehouse clubs and digital commerce platforms, PriceSmart provides shopping and delivery options designed for both individual members and small businesses.