Sei Investments Co. reduced its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 5.1% during the first quarter, Holdings Channel reports. The fund owned 2,112 shares of the company’s stock after selling 113 shares during the period. Sei Investments Co.’s holdings in PriceSmart were worth $195,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in PSMT. Russell Investments Group Ltd. purchased a new stake in shares of PriceSmart during the fourth quarter valued at about $5,602,000. State Street Corp increased its stake in shares of PriceSmart by 6.6% in the fourth quarter. State Street Corp now owns 425,267 shares of the company’s stock valued at $35,509,000 after buying an additional 26,400 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of PriceSmart by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 610,322 shares of the company’s stock valued at $50,961,000 after buying an additional 3,738 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of PriceSmart during the fourth quarter valued at about $201,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of PriceSmart by 0.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,423 shares of the company’s stock valued at $1,037,000 after buying an additional 109 shares during the last quarter. 71.61% of the stock is owned by institutional investors and hedge funds.
Shares of PriceSmart, Inc. (NASDAQ PSMT) opened at 85.40 on Wednesday. The stock’s 50 day moving average is $88.33 and its 200 day moving average is $87.95. The company has a market cap of $2.56 billion, a P/E ratio of 28.52 and a beta of 1.23. PriceSmart, Inc. has a 1-year low of $75.80 and a 1-year high of $94.86.
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Separately, Roth Capital set a $102.00 price objective on shares of PriceSmart and gave the stock a “buy” rating in a research note on Saturday, April 1st.
In other news, Director Mitchell G. Lynn sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $86.53, for a total value of $259,590.00. Following the transaction, the director now directly owns 5,841 shares in the company, valued at approximately $505,421.73. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Laura Santana sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, April 13th. The stock was sold at an average price of $86.77, for a total transaction of $95,447.00. Following the completion of the transaction, the executive vice president now owns 17,604 shares in the company, valued at $1,527,499.08. The disclosure for this sale can be found here. In the last three months, insiders sold 6,536 shares of company stock valued at $565,093. Corporate insiders own 28.00% of the company’s stock.
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
Want to see what other hedge funds are holding PSMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PriceSmart, Inc. (NASDAQ:PSMT).
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