Everest Capital Exits Position in PriceSmart (PSMT)

PriceSmart (PSMT) : Everest Capital has sold out all of its stake in PriceSmart during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 13,300 shares of PriceSmart which is valued at $1.1 Million.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in PSMT in the latest quarter, The investment management firm added 7,157 additional shares and now holds a total of 138,576 shares of PriceSmart which is valued at $11.8 Million. PriceSmart makes up approx 0.01% of Geode Capital Management’s portfolio.Massachusetts Financial Services Co boosted its stake in PSMT in the latest quarter, The investment management firm added 154,238 additional shares and now holds a total of 682,961 shares of PriceSmart which is valued at $58.2 Million. PriceSmart makes up approx 0.03% of Massachusetts Financial Services Co’s portfolio.Paradigm Asset Management Co boosted its stake in PSMT in the latest quarter, The investment management firm added 253 additional shares and now holds a total of 5,453 shares of PriceSmart which is valued at $465,086. PriceSmart makes up approx 0.09% of Paradigm Asset Management Co’s portfolio.Blackrock Advisors boosted its stake in PSMT in the latest quarter, The investment management firm added 2,322 additional shares and now holds a total of 15,187 shares of PriceSmart which is valued at $1.3 Million.

PriceSmart closed down -0.57 points or -0.64% at $88.38 with 1,32,474 shares getting traded on Wednesday. Post opening the session at $88.81, the shares hit an intraday low of $87.24 and an intraday high of $89.54 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, PriceSmart reported $0.85 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 7, 2016. Analyst had a consensus of $0.90. The company had revenue of $777.90 million for the quarter, compared to analysts expectations of $773.80 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS.

PriceSmart Inc. (PriceSmart) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States. The Company owns and operates United States-style membership shopping warehouse clubs through wholly owned subsidiaries operating in Latin America and the Caribbean using the trade name PriceSmart. The Company’s operating segments are the United States Latin America and the Caribbean. The warehouse clubs sell basic high quality consumer goods at low prices to individuals and businesses. The no-frills warehouse club-type buildings range in size from 48000 to 100000 square feet and are located primarily in urban areas. The Company operates 36 warehouse clubs in Central America Caribbean and South America.

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