Neuberger Berman Group LLC Has $1.27 Million Stake in PriceSmart, Inc. (PSMT)

Neuberger Berman Group LLC grew its position in PriceSmart, Inc. (NASDAQ:PSMT) by 9.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,530 shares of the company’s stock after purchasing an additional 1,253 shares during the quarter. Neuberger Berman Group LLC’s holdings in PriceSmart were worth $1,273,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of PriceSmart in the 1st quarter valued at $135,000. Victory Capital Management Inc. boosted its stake in PriceSmart by 23.8% during the first quarter. Victory Capital Management Inc. now owns 1,670 shares of the company’s stock worth $154,000 after acquiring an additional 321 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in PriceSmart during the first quarter worth $160,000. Karp Capital Management Corp bought a new position in PriceSmart during the first quarter worth $246,000. Finally, BNP Paribas Arbitrage SA boosted its stake in PriceSmart by 477.6% during the second quarter. BNP Paribas Arbitrage SA now owns 2,836 shares of the company’s stock worth $248,000 after acquiring an additional 2,345 shares in the last quarter. 71.98% of the stock is currently owned by institutional investors.

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PriceSmart, Inc. (NASDAQ:PSMT) opened at 87.15 on Monday. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 28.49 and a beta of 1.25. PriceSmart, Inc. has a 1-year low of $78.00 and a 1-year high of $94.40. The firm has a 50 day moving average of $82.93 and a 200-day moving average of $86.42.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Wednesday, July 5th. The company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.05). PriceSmart had a net margin of 3.13% and a return on equity of 14.05%. The business had revenue of $730.30 million for the quarter, compared to the consensus estimate of $734.80 million. During the same quarter last year, the firm posted $0.55 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts anticipate that PriceSmart, Inc. will post $3.07 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the stock. BidaskClub raised shares of PriceSmart from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. TheStreet lowered shares of PriceSmart from a “b” rating to a “c+” rating in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of PriceSmart from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Roth Capital set a $102.00 target price on shares of PriceSmart and gave the stock a “buy” rating in a research note on Tuesday, August 8th.

In related news, Director Sherry S. Bahrambeygui sold 3,561 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $84.88, for a total value of $302,257.68. Following the transaction, the director now owns 125,374 shares in the company, valued at approximately $10,641,745.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 28.00% of the company’s stock.

About PriceSmart

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.

Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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