Lombard Odier Asset Management Europe Ltd makes a new $867,000 investment in PriceSmart, Inc. (NASDAQ:PSMT)

Lombard Odier Asset Management Europe Ltd bought a new position in PriceSmart, Inc. (NASDAQ:PSMT – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,673 shares of the company’s stock, valued at approximately $867,000.

Several other institutional investors and hedge funds have recently made changes to their positions in PSMT. Vanguard Group Inc. lifted its position in shares of PriceSmart by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,424,660 shares of the company’s stock worth $287,671,000 after purchasing an additional 105,405 shares in the last quarter. EdgePoint Investment Group Inc. raised its stake in PriceSmart by 1.1% in the first quarter. EdgePoint Investment Group Inc. now owns 2,713,463 shares of the company’s stock worth $227,931,000 after buying an additional 30,045 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of PriceSmart by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,309,265 shares of the company’s stock worth $106,311,000 after buying an additional 35,390 shares in the last quarter. American Century Companies Inc. grew its position in PriceSmart by 20.4% in the second quarter. American Century Companies Inc. now owns 1,085,897 shares of the company’s stock valued at $88,175,000 after purchasing an additional 184,252 shares during the period. Finally, Bank of New York Mellon Corp raised its position in PriceSmart by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 264,585 shares of the company’s stock valued at $21,484,000 after purchasing an additional 2,789 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s shares.

Insider trading at PriceSmart

In related news, EVP David R. Price sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $87.85, for a total transaction of $175,700.00. Following the completion of the transaction, the executive vice president now owns 51,768 shares of the company’s stock, valued at $4,547,818.80. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. In other PriceSmart news, Director Sherry S. Bahrambeygui sold 9,500 shares of PriceSmart stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $84.37, for a total transaction of $801,515.00. Following the completion of the sale, the director now directly owns 61,216 shares in the company, valued at $5,164,793.92. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Also, EVP David R. Price sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $87.85, for a total transaction of $175,700.00. Following the completion of the transaction, the executive vice president now directly owns 51,768 shares of the company’s stock, valued at approximately $4,547,818.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,904 shares of company stock worth $1,806,714. 18.60% of shares are currently owned by corporate insiders.

PriceSmart price performance

Shares of NASDAQ:PSMT opened at $89.00 on Tuesday. The company has a 50 day moving average price of $87.16 and a two hundred day moving average price of $83.83. The firm has a market cap of $2.73 billion, a PE ratio of 21.60 and a beta of 0.85. PriceSmart, Inc. it has a twelve month low of $61.82 and a twelve month high of $92.76. The company has a quick ratio of 0.49, a current ratio of 1.20, and a debt-to-equity ratio of 0.09.

PriceSmart (NASDAQ:PSMT – Get Your Free Report ) last posted its earnings results on Wednesday, July 10th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07. PriceSmart had a return on equity of 11.89% and a net margin of 2.60%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. In the same quarter last year, the company posted earnings of $1.02 per share. The company’s quarterly revenue was up 12.1% year over year. Stock analysts predict that PriceSmart, Inc. will record 4.64 EPS for the current year.

The Wall Street analyst weighs in

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

See the latest inventory report on PriceSmart

About PriceSmart

(Free Report)

PriceSmart, Inc owns and operates American-style membership shopping warehouse clubs in the United States, Central America, the Caribbean and Colombia. The company provides consumer staples and private label products under the Member’s Selection brand, including grocery, cleaning products, health and beauty products, meat, vegetables, deli, seafood and poultry.

See Also

Want to see what other hedge funds own PSMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for PriceSmart, Inc. (NASDAQ:PSMT – Free Report).

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