BidaskClub upgraded shares of PriceSmart (NASDAQ:PSMT) from a strong sell rating to a sell rating in a research note published on Saturday, BidAskClub reports.

Separately, Zacks Investment Research downgraded IQIYI from a hold rating to a sell rating in a research note on Friday, March 29th.

PSMT opened at $62.19 on Friday. The firm’s 50 day moving average is $52.34. The company has a current ratio of 1.28, a quick ratio of 0.45 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.90 billion, a P/E ratio of 25.59 and a beta of 1.01. PriceSmart has a 52 week low of $48.06 and a 52 week high of $88.65.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, July 10th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.13. The firm had revenue of $788.56 million during the quarter, compared to the consensus estimate of $792.96 million. PriceSmart had a return on equity of 11.19% and a net margin of 2.23%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. Analysts predict that PriceSmart will post 2.5 earnings per share for the current fiscal year.

In other news, Director Sherry S. Bahrambeygui sold 20,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $57.16, for a total transaction of $1,143,200.00. Following the completion of the transaction, the director now directly owns 154,201 shares of the company’s stock, valued at approximately $8,814,129.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Philanthropies Foundatio Price sold 10,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $51.04, for a total value of $510,400.00. Following the transaction, the insider now directly owns 4,368,455 shares of the company’s stock, valued at $222,965,943.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,137 shares of company stock valued at $3,599,986. 27.10% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its stake in shares of PriceSmart by 600.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 700 shares of the company’s stock worth $41,000 after buying an additional 600 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in PriceSmart in the 4th quarter valued at approximately $52,000. Quadrant Capital Group LLC purchased a new position in PriceSmart in the 1st quarter valued at approximately $58,000. Amundi Pioneer Asset Management Inc. purchased a new position in PriceSmart in the 4th quarter valued at approximately $142,000. Finally, Virtu Financial LLC purchased a new position in PriceSmart in the 1st quarter valued at approximately $207,000. 72.64% of the stock is owned by institutional investors and hedge funds.

About PriceSmart

PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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