Balyasny Asset Management L.P. Has $565,000 Stake in PriceSmart, Inc. (NASDAQ:PSMT)

Balyasny Asset Management L.P. reduced its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 21.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,131 shares of the company’s stock after selling 1,633 shares during the period. Balyasny Asset Management L.P.’s holdings in PriceSmart were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Boston Partners boosted its position in PriceSmart by 4,690.8% during the 4th quarter. Boston Partners now owns 297,655 shares of the company’s stock worth $27,344,000 after buying an additional 291,442 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of PriceSmart by 70,410.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 282,040 shares of the company’s stock worth $25,996,000 after purchasing an additional 281,640 shares during the period. River Road Asset Management LLC acquired a new position in shares of PriceSmart in the 4th quarter worth approximately $19,078,000. Price T Rowe Associates Inc. MD increased its stake in shares of PriceSmart by 670.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 231,949 shares of the company’s stock valued at $21,380,000 after acquiring an additional 201,841 shares in the last quarter. Finally, Copeland Capital Management LLC increased its stake in shares of PriceSmart by 29.2% in the 4th quarter. Copeland Capital Management LLC now owns 621,697 shares of the company’s stock valued at $57,302,000 after acquiring an additional 140,515 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PriceSmart

In other news, Director Jeffrey Fisher sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $102.21, for a total value of $306,630.00. Following the completion of the sale, the director now owns 13,011 shares in the company, valued at $1,329,854.31. This represents a 18.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Edgar Zurcher sold 390 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $102.78, for a total transaction of $40,084.20. Following the completion of the sale, the director now owns 9,279 shares of the company’s stock, valued at approximately $953,695.62. The trade was a 4.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,836 shares of company stock worth $797,273. 17.10% of the stock is owned by corporate insiders.

PriceSmart Stock Performance

NASDAQ:PSMT opened at $103.46 on Friday. The firm has a market capitalization of $3.18 billion, a P/E ratio of 22.79 and a beta of 0.75. The company has a fifty day moving average of $92.36 and a 200-day moving average of $91.29. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a twelve month low of $77.51 and a twelve month high of $108.01.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Wednesday, April 9th. The company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.06). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 EPS. As a group, sell-side analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research note on Monday, March 10th.

About PriceSmart

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.