FMR LLC & Abigail Johnson Trim PriceSmart Stake to 3.284%
Ticker: PSMT · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1041803
| Field | Detail |
|---|---|
| Company | Pricesmart Inc (PSMT) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-change
TL;DR
**FMR LLC and Abigail Johnson slightly reduced their PriceSmart stake to 3.284%.**
AI Summary
FMR LLC, a major investment management firm, and its Chair and CEO, Abigail P. Johnson, have updated their ownership stake in PriceSmart Inc. As of February 9, 2024, they collectively beneficially own 990,770 shares of PriceSmart's common stock, representing 3.284% of the company. This filing indicates a slight decrease in their reported ownership percentage from previous filings, which could signal a minor shift in their investment strategy or portfolio rebalancing. For investors, this matters because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in a company's future prospects.
Why It Matters
A decrease in a significant institutional investor's stake, like FMR LLC's in PriceSmart, can sometimes be interpreted as a slight loss of confidence or a portfolio reallocation, potentially impacting investor sentiment.
Risk Assessment
Risk Level: low — The change in ownership percentage is minor, and FMR LLC remains a significant holder, indicating no immediate high risk.
Analyst Insight
Investors should note the slight reduction in FMR LLC's stake but recognize that it remains a substantial holding. This could warrant monitoring future filings for further changes in institutional ownership, but it's not a strong signal for immediate action.
Key Numbers
- 990,770 — Shares Beneficially Owned (Total shares of PriceSmart Inc. common stock held by FMR LLC and Abigail P. Johnson as of February 9, 2024.)
- 3.284% — Percent of Class (The percentage of PriceSmart Inc.'s common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, associated with FMR LLC
- PRICESMART INC (company) — the issuer of the common stock
- 990,770 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 3.284% (dollar_amount) — percentage of PriceSmart Inc. common stock beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, though potentially fluctuating, stake in PriceSmart Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the reporting persons in this SC 13G/A filing for PriceSmart Inc.?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What is the total number of shares of PriceSmart Inc. common stock beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson beneficially own 990,770 shares of PriceSmart Inc. common stock, as indicated in Item 4(a) and Item 9 for both reporting persons.
What percentage of PriceSmart Inc.'s common stock do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 3.284% of PriceSmart Inc.'s common stock, as stated in Item 4(b) and Item 11 for both reporting persons.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the cover page and in Item 3.
What is the CUSIP number for PriceSmart Inc. common stock?
The CUSIP number for PriceSmart Inc. common stock is 741511109, as listed on the cover page and in Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding PRICESMART INC (PSMT).