Two Sigma Securities LLC bought a new position in shares of Party City Holdco Inc (NYSE:PRTY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,577 shares of the specialty retailer’s stock, valued at approximately $245,000.
Several other institutional investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its holdings in shares of Party City Holdco by 36.6% during the third quarter. Neuberger Berman Group LLC now owns 3,324,866 shares of the specialty retailer’s stock worth $45,052,000 after buying an additional 890,188 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of Party City Holdco by 20.7% during the fourth quarter. Bamco Inc. NY now owns 3,095,000 shares of the specialty retailer’s stock worth $43,175,000 after buying an additional 530,000 shares in the last quarter. Peregrine Capital Management LLC grew its holdings in shares of Party City Holdco by 0.6% during the fourth quarter. Peregrine Capital Management LLC now owns 1,421,147 shares of the specialty retailer’s stock worth $19,825,000 after buying an additional 8,886 shares in the last quarter. Sapience Investments LLC grew its holdings in shares of Party City Holdco by 35.4% during the fourth quarter. Sapience Investments LLC now owns 1,409,200 shares of the specialty retailer’s stock worth $19,658,000 after buying an additional 368,050 shares in the last quarter. Finally, Rubric Capital Management LP grew its holdings in shares of Party City Holdco by 100.0% during the third quarter. Rubric Capital Management LP now owns 782,135 shares of the specialty retailer’s stock worth $10,598,000 after buying an additional 390,970 shares in the last quarter. 83.62% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on PRTY shares. Telsey Advisory Group upped their price objective on shares of Party City Holdco from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, December 22nd. Bank of America reissued a “neutral” rating and issued a $15.50 price objective (up previously from $13.50) on shares of Party City Holdco in a report on Wednesday, December 27th. Zacks Investment Research raised shares of Party City Holdco from a “sell” rating to a “hold” rating in a report on Friday, December 29th. BMO Capital Markets set a $18.00 price objective on shares of Party City Holdco and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Stephens reissued a “buy” rating and issued a $23.00 price objective on shares of Party City Holdco in a report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Party City Holdco presently has an average rating of “Hold” and a consensus target price of $17.71.
In other Party City Holdco news, Director Gerald C. Rittenberg sold 239,000 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $15.38, for a total value of $3,675,820.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.02% of the company’s stock.
NYSE PRTY traded down $0.20 during trading hours on Friday, reaching $15.50. The company had a trading volume of 602,833 shares, compared to its average volume of 1,254,807. Party City Holdco Inc has a 1-year low of $9.50 and a 1-year high of $17.05. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.29 and a quick ratio of 0.40. The stock has a market capitalization of $1,849.49, a P/E ratio of 12.92, a PEG ratio of 0.41 and a beta of 2.18.
Party City Holdco (NYSE:PRTY) last posted its earnings results on Friday, March 9th. The specialty retailer reported $0.80 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.80. Party City Holdco had a net margin of 9.08% and a return on equity of 14.14%. The company had revenue of $789.60 million for the quarter, compared to analysts’ expectations of $781.30 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. Party City Holdco’s revenue for the quarter was up 5.4% compared to the same quarter last year. analysts anticipate that Party City Holdco Inc will post 1.81 EPS for the current year.
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Party City Holdco Company Profile
Party City Holdco Inc is a holding company with no operating assets or operations. As of December 31, 2016, the Company owned PC Nextco Holdings, LLC (PC Nextco), which owned PC Intermediate Holdings, Inc (PC Intermediate). As of December 31, 2016, PC Intermediate owned Party City Holdings Inc (PCHI).
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