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Institutional investors sold shares of PriceSmart amid slightly missed earnings but strong revenue growth.
Institutional investors Vontobel Holding Ltd. and Harbor Capital Advisors Inc. reduced their stakes in PriceSmart, Inc. (PSMT) during the third quarter, selling 85,529 and 79,034 shares respectively.
The company reported third-quarter earnings of $1.02 per share, slightly below expectations, though revenue of $1.33 billion matched forecasts and rose 8.6% year-over-year.
PriceSmart, a membership warehouse club operator, has a market cap of $3.82 billion and a consensus “Strong Buy” rating, with analysts projecting full-year earnings of $5.28 per share.
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Los inversores institucionales vendieron acciones de PriceSmart en medio de ganancias ligeramente perdidas pero de un fuerte crecimiento de los ingresos.