Calamos Advisors LLC Purchases 31,823 Shares of PriceSmart, Inc. $PSMT

by · The Cerbat Gem

Calamos Advisors LLC increased its position in shares of PriceSmart, Inc. (NASDAQ:PSMT – Free Report) by 29.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,224 shares of the company’s stock after acquiring an additional 31,823 shares during the quarter. Calamos Advisors LLC owned 0.45% of PriceSmart worth $23,544,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in PriceSmart during the 3rd quarter worth approximately $32,000. Bell Investment Advisors Inc acquired a new stake in PriceSmart during the 2nd quarter valued at $40,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of PriceSmart in the second quarter valued at $67,000. State of Wyoming purchased a new stake in shares of PriceSmart in the second quarter valued at $92,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of PriceSmart by 1,592.9% in the third quarter. Fortitude Family Office LLC now owns 474 shares of the company’s stock valued at $80,000 after purchasing an additional 446 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Francisco Velasco sold 338 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $177.87, for a total transaction of $60,120.06. Following the completion of the sale, the executive vice president directly owned 75,321 shares of the company’s stock, valued at $13,397,346.27. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John D. Hildebrandt sold 11,834 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $168.23, for a total value of $1,990,833.82. Following the sale, the chief operating officer directly owned 101,699 shares of the company’s stock, valued at $17,108,822.77. This trade represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 17.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and set a $198.00 price target on shares of PriceSmart in a report on Wednesday, August 12th. Weiss Ratings reissued a “buy (b)” rating on shares of PriceSmart in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $198.00.

View Our Latest Research Report on PriceSmart

PriceSmart Stock Down 0.1%

PSMT stock traded down $0.10 during midday trading on Friday, reaching $162.46. The company had a trading volume of 203,214 shares, compared to its average volume of 263,080. The company has a 50 day moving average of $169.54 and a two-hundred day moving average of $166.88. The company has a market capitalization of $5.02 billion, a P/E ratio of 30.09 and a beta of 0.80. PriceSmart, Inc. has a 1 year low of $114.38 and a 1 year high of $199.84. The company has a current ratio of 1.24, a quick ratio of 0.52 and a debt-to-equity ratio of 0.07.

PriceSmart (NASDAQ:PSMT – Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The company reported $1.21 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.06). PriceSmart had a net margin of 2.83% and a return on equity of 12.15%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the firm earned $1.02 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis.

PriceSmart Profile

(Free Report)

PriceSmart, Inc operates membership warehouse clubs serving consumers and businesses in Latin America and the Caribbean. The company offers a broad selection of products at value-oriented prices, including groceries, fresh foods, beverages, household supplies, apparel, appliances, electronics, furniture and other general merchandise.

Through its warehouse clubs and digital commerce platforms, PriceSmart provides shopping and delivery options designed for both individual members and small businesses.

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