Genesis Asset Managers Llp Has Increased Its Position in Pricesmart INC (PSMT) by $27.43 Million as Valuation Declined

February 24, 2018 - By sdfsdfsdf

Investors sentiment decreased to 1.51 in Q3 2017. Its down 0.51, from 2.02 in 2017Q2. It is negative, as 12 investors sold PSMT 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. Harding Loevner Lp has 59,152 shares for 0.04% of their portfolio. Eaton Vance Management reported 0.01% of its portfolio in PriceSmart, Inc. (NASDAQ:PSMT). Kayne Anderson Rudnick Invest Management Lc holds 1.22% or 1.51 million shares in its portfolio. Moreover, Dimensional Fund Advsr Limited Partnership has 0.03% invested in PriceSmart, Inc. (NASDAQ:PSMT) for 654,058 shares. Int Group Inc holds 14,820 shares. Gsa Cap Prtn Limited Liability Partnership stated it has 0.02% of its portfolio in PriceSmart, Inc. (NASDAQ:PSMT). C M Bidwell And Assoc Limited reported 0.01% in PriceSmart, Inc. (NASDAQ:PSMT). Thornburg Mngmt Incorporated invested in 133,225 shares. Alliancebernstein Lp has invested 0% in PriceSmart, Inc. (NASDAQ:PSMT). California Public Employees Retirement Sys, a California-based fund reported 40,741 shares. Wells Fargo & Co Mn owns 282,737 shares. Bokf Na holds 0.01% of its portfolio in PriceSmart, Inc. (NASDAQ:PSMT) for 3,817 shares. Prudential Fincl reported 0% of its portfolio in PriceSmart, Inc. (NASDAQ:PSMT). Moreover, Fifth Third Bancshares has 0% invested in PriceSmart, Inc. (NASDAQ:PSMT). Lombard Odier Asset (Switzerland) has 243,800 shares for 2.11% of their portfolio.

Genesis Asset Managers Llp increased its stake in Pricesmart Inc. (PSMT) by 51.46% based on its latest 2017Q3 regulatory filing with the SEC. Genesis Asset Managers Llp bought 308,164 shares as the company’s stock declined 1.55% while stock markets rallied. The institutional investor held 906,950 shares of the consumer services company at the end of 2017Q3, valued at $80.95M, up from 598,786 at the end of the previous reported quarter. Genesis Asset Managers Llp who had been investing in Pricesmart Inc. for a number of months, seems to be bullish on the $2.42 billion market cap company. The stock increased 1.47% or $1.15 during the last trading session, reaching $79.5. About 142,091 shares traded. PriceSmart, Inc. (NASDAQ:PSMT) has risen 3.40% since February 24, 2017 and is uptrending. It has underperformed by 13.30% the S&P500.

Genesis Asset Managers Llp, which manages about $36.75B and $2.85B US Long portfolio, decreased its stake in Ternium Sa Adr (NYSE:TX) by 1.19 million shares to 2.22M shares, valued at $68.60 million in 2017Q3, according to the filing. It also reduced its holding in America Movil Adr (NYSE:AMX) by 1.23 million shares in the quarter, leaving it with 8.81 million shares, and cut its stake in Bancolombia Adr (NYSE:CIB).

More recent PriceSmart, Inc. (NASDAQ:PSMT) news were published by: Prnewswire.com which released: “PriceSmart Announces Election of New Board Member, Voting Results from 2018 …” on January 25, 2018. Also Prnewswire.com published the news titled: “PriceSmart Announces January Sales” on February 07, 2018. Nasdaq.com‘s news article titled: “PriceSmart, Inc. (PSMT) Ex-Dividend Date Scheduled for February 13, 2018” with publication date: February 12, 2018 was also an interesting one.

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 had 7 analyst reports since September 1, 2015 according to SRatingsIntel. The firm has “Sell” rating by Zacks given on Tuesday, September 1. The rating was downgraded by Scotia Capital to “Hold” on Friday, January 5. The rating was maintained by Roth Capital with “Buy” on Thursday, September 28. TH Capital maintained PriceSmart, Inc. (NASDAQ:PSMT) rating on Monday, January 11. TH Capital has “Buy” rating and $85 target.

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