PriceSmart, Inc. (NASDAQ:PSMT) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,419 shares of the company’s stock after selling 278 shares during the period. Amalgamated Bank’s holdings in PriceSmart were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in PriceSmart during the second quarter worth about $28,000. Canada Pension Plan Investment Board acquired a new stake in PriceSmart during the second quarter worth about $32,000. GAMMA Investing LLC grew its holdings in PriceSmart by 76.4% during the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after acquiring an additional 181 shares during the period. Covestor Ltd grew its holdings in PriceSmart by 237.4% during the first quarter. Covestor Ltd now owns 442 shares of the company’s stock worth $38,000 after acquiring an additional 311 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in PriceSmart during the second quarter worth about $40,000. 80.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP David R. Price sold 2,750 shares of PriceSmart stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total transaction of $253,660.00. Following the transaction, the executive vice president now owns 48,844 shares in the company, valued at approximately $4,505,370.56. This trade represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Francisco Velasco sold 670 shares of PriceSmart stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $89.05, for a total value of $59,663.50. Following the transaction, the executive vice president now owns 79,470 shares in the company, valued at approximately $7,076,803.50. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,960 shares of company stock worth $1,535,673 over the last quarter. 18.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

PriceSmart Stock Performance

Shares of PSMT stock opened at $87.21 on Friday. The company has a market capitalization of $2.68 billion, a P/E ratio of 19.08 and a beta of 0.85. The business’s 50 day moving average is $89.89 and its two-hundred day moving average is $86.16. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 12-month low of $66.79 and a 12-month high of $94.82.

PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, October 30th. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.07). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.22 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. Analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

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.