New York State Teachers Retirement System grew its position in PriceSmart, Inc. (NASDAQ:PSMT – Free Report) by 11.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,176 shares of the company’s stock after purchasing an additional 1,216 shares during the period. New York State Teachers Retirement System’s holdings in PriceSmart were worth $902,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates boosted its stake in shares of PriceSmart by 4.2% in the 2nd quarter. Raymond James & Associates now owns 94,222 shares of the company’s stock valued at $6,978,000 after purchasing an additional 3,776 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of PriceSmart by 409.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 238,830 shares of the company’s stock valued at $17,688,000 after purchasing an additional 191,950 shares in the last quarter. Creative Planning acquired a new stake in shares of PriceSmart in the 2nd quarter valued at $313,000. Exchange Traded Concepts LLC acquired a new stake in shares of PriceSmart in the 2nd quarter valued at $49,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of PriceSmart by 19.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 23,426 shares of the company’s stock valued at $1,735,000 after purchasing an additional 3,811 shares in the last quarter. Institutional investors and hedge funds own 81.19% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on shares of PriceSmart in a research report on Thursday, October 5th. They set a “buy” rating on the stock.
PriceSmart Stock Up 1.0 %
Shares of NASDAQ PSMT opened at $72.21 on Wednesday. The firm’s 50-day simple moving average is $75.85 and its 200 day simple moving average is $75.33. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 19.20 and a beta of 0.89. The company has a quick ratio of 0.69, a current ratio of 1.44 and a debt-to-equity ratio of 0.11. PriceSmart, Inc. has a 12-month low of $60.01 and a 12-month high of $82.63.
About PriceSmart
PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products, essential goods, fresh produce, prepared foods, and fresh-baked goods, as well as provides services, such as optical, tire center, and other ancillary services.
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