Nationwide Fund Advisors lowered its position in shares of PriceSmart Inc. (NASDAQ:PSMT) by 17.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 21,883 shares of the company’s stock after selling 4,487 shares during the period. Nationwide Fund Advisors owned 0.07% of PriceSmart worth $2,048,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Princeton Alpha Management LP acquired a new stake in PriceSmart during the second quarter worth $210,000. Pacad Investment Ltd. purchased a new stake in PriceSmart during the first quarter valued at approximately $364,000. Quantitative Investment Management LLC purchased a new stake in PriceSmart during the second quarter valued at approximately $374,000. Douglass Winthrop Advisors LLC purchased a new stake in PriceSmart during the second quarter valued at approximately $402,000. Finally, GSA Capital Partners LLP purchased a new stake in PriceSmart during the second quarter valued at approximately $421,000. 72.69% of the stock is owned by hedge funds and other institutional investors.
PriceSmart Inc. (NASDAQ:PSMT) traded down 1.06% during midday trading on Thursday, hitting $84.70. The stock had a trading volume of 11,393 shares. The company has a 50-day moving average of $82.99 and a 200-day moving average of $84.60. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 28.93 and a beta of 1.50. PriceSmart Inc. has a 1-year low of $68.51 and a 1-year high of $98.49.
Several equities research analysts have recently commented on PSMT shares. Roth Capital reissued a “buy” rating on shares of PriceSmart in a research note on Monday, July 11th. Zacks Investment Research raised PriceSmart from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $69.33.
PriceSmart Company Profile
PriceSmart, Inc (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart.
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