Pricesmart Inc: Kayne Anderson Rudnick Investment Management Llc Makes Purchase

February 14, 2018 - By reb123z

 Pricesmart Inc: Kayne Anderson Rudnick Investment Management Llc Makes Purchase

Investors sentiment decreased to 1.51 in 2017 Q3. Its down 0.51, from 2.02 in 2017Q2. It worsened, as 12 investors sold PriceSmart, Inc. shares while 35 reduced holdings. 22 funds opened positions while 49 raised stakes. 21.92 million shares or 0.66% more from 21.77 million shares in 2017Q2 were reported.

1,591 are held by Employees Retirement Of Ohio. Aperio Ltd Liability Corporation accumulated 3,356 shares. Citigroup reported 0% stake. Geode Capital Mgmt Lc accumulated 207,725 shares. Price T Rowe Md invested 0.06% of its portfolio in PriceSmart, Inc. (NASDAQ:PSMT). Invesco holds 24,243 shares. American Intll Group Inc invested 0% of its portfolio in PriceSmart, Inc. (NASDAQ:PSMT). Bokf Na has 3,817 shares. Eaton Vance holds 0.01% or 56,212 shares in its portfolio. Advisory Ser Llc holds 119 shares or 0% of its portfolio. Assetmark Inc holds 0% in PriceSmart, Inc. (NASDAQ:PSMT) or 58 shares. Da Davidson & Company accumulated 0.02% or 10,215 shares. 947 were accumulated by Shine Invest Advisory Service. 1,940 are held by Ameritas Prns. Voya Mgmt Ltd Liability has invested 0% in PriceSmart, Inc. (NASDAQ:PSMT).

The New Kayne Anderson Rudnick Investment Management Llc Holding in Pricesmart Inc

Kayne Anderson Rudnick Investment Management Llc reported SC 13G form with the SEC for Pricesmart Inc. Access it here: 000114036118007163. As reported by Kayne Anderson Rudnick Investment Management Llc, the filler owns 5.23% or 1,590,350 shares of the Consumer Staples–company.

Pricesmart Inc stake is new for [reportingPerson]. Date of activity: December31,2017. This shows Kayne Anderson Rudnick Investment Management Llc’s positive view for Pricesmart Inc. For a institutional investor managing $9.04 billion in assets and having 72+ experts this is interesting position.

Pricesmart Inc Institutional Sentiment

Filings show 160 investors own Pricesmart Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 1715392. 19209299 were owned by these investors. 21 funds opened new Pricesmart Inc stakes, 54 increased positions. There were 21 that closed positions and 55 reduced them.

Brian C. Freckmann Lyon Street Capital Llc is an investor bullish on Pricesmart Inc, owning 44244 shares as of Q3 2015 for 2.48% of its portfolio. London Co Of Virginia owns 2224991 shares or 1.59% of its portfolio. NY Sandhill Capital Partners Llc have 3.59% of its portfolio for 138927 shares. Further, Pecaut & Company reported stake worth 2.22% of its portfolio. The FL Everest Capital Llc owns 13300 shares. Pricesmart Inc is 31.74% of its portfolio.

Business Profile

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. The Company owns and operates the United States-style membership shopping warehouse clubs in Latin America and the Caribbean. It offers private label consumer goods to individuals and businesses. The Company offers three types of memberships, such as Business, Diamond and in Costa Rica Platinum memberships. It promotes Business membership through its marketing programs and offers certain merchandise targeted to businesses, such as restaurants, hotels, convenience stores, offices and institutions. The Diamond membership is focused on individuals and families. The Company offers Platinum memberships in Costa Rica.

SEC Form 13G.

Kayne Anderson Rudnick Investment Management Llc website.

The stock increased 0.83% or $0.65 during the last trading session, reaching $78.9. About 168,453 shares traded or 2.72% up from the average. PriceSmart, Inc. (NASDAQ:PSMT) has risen 3.40% since February 14, 2017 and is uptrending. It has underperformed by 13.30% the S&P500.

PriceSmart, Inc. owns and operates the U.S.-style membership shopping warehouse clubs in Latin America and the Caribbean. The company has market cap of $2.40 billion. The company's warehouse clubs offer brand name and private label consumer goods to individuals and businesses. It has a 27.21 P/E ratio. As of October 26, 2017, it operated 40 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 in Trinidad; 3 each in Guatemala, Honduras, and the Dominican Republic; 2 in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

PriceSmart, Inc. (NASDAQ:PSMT) Ratings Coverage

Among 3 analysts covering PriceSmart (NASDAQ:PSMT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. PriceSmart has $10200 highest and $85 lowest target. $92.33’s average target is 17.02% above currents $78.9 stock price. PriceSmart had 7 analyst reports since September 1, 2015 according to SRatingsIntel. The rating was maintained by TH Capital with “Buy” on Monday, January 11. As per Thursday, September 28, the company rating was maintained by Roth Capital. The firm earned “Hold” rating on Friday, January 5 by Scotia Capital. The firm has “Sell” rating given on Tuesday, September 1 by Zacks.

More notable recent PriceSmart, Inc. (NASDAQ:PSMT) news were published by: Prnewswire.com which released: “PriceSmart Announces January Sales” on February 07, 2018, also Nasdaq.com with their article: “PriceSmart, Inc. (PSMT) Ex-Dividend Date Scheduled for February 13, 2018” published on February 12, 2018, Seekingalpha.com published: “PriceSmart Is On An Unsustainable Path” on January 17, 2018. More interesting news about PriceSmart, Inc. (NASDAQ:PSMT) were released by: Fool.com and their article: “PriceSmart, Inc. (PSMT) Q1 2018 Earnings Conference Call Transcript” published on January 06, 2018 as well as Prnewswire.com‘s news article titled: “PriceSmart Announces Election of New Board Member, Voting Results from 2018 …” with publication date: January 25, 2018.

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