Strs Ohio Invests $499,000 in Party City Holdco Inc (PRTY)

Strs Ohio purchased a new stake in shares of Party City Holdco Inc (NYSE:PRTY) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,900 shares of the specialty retailer’s stock, valued at approximately $499,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its holdings in shares of Party City Holdco by 26.3% in the 1st quarter. Wells Fargo & Company MN now owns 33,039 shares of the specialty retailer’s stock worth $516,000 after purchasing an additional 6,878 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Party City Holdco by 17.6% in the 1st quarter. BlackRock Inc. now owns 2,093,468 shares of the specialty retailer’s stock worth $32,659,000 after purchasing an additional 312,921 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Party City Holdco by 20.7% during the first quarter. The Manufacturers Life Insurance Company now owns 29,199 shares of the specialty retailer’s stock valued at $456,000 after acquiring an additional 5,008 shares during the period. California State Teachers Retirement System raised its holdings in shares of Party City Holdco by 23.0% during the first quarter. California State Teachers Retirement System now owns 53,307 shares of the specialty retailer’s stock valued at $832,000 after acquiring an additional 9,981 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Party City Holdco by 300.1% during the first quarter. Royal Bank of Canada now owns 6,554 shares of the specialty retailer’s stock valued at $101,000 after acquiring an additional 4,916 shares during the period.

A number of equities research analysts have recently issued reports on PRTY shares. ValuEngine lowered shares of Party City Holdco from a “sell” rating to a “strong sell” rating in a report on Friday, October 12th. Zacks Investment Research lowered shares of Party City Holdco from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Deutsche Bank set a $12.00 price target on shares of Party City Holdco and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. set a $19.00 price target on shares of Party City Holdco and gave the company a “buy” rating in a report on Monday, October 1st. Finally, Telsey Advisory Group cut their price target on shares of Party City Holdco from $19.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $17.33.

PRTY stock opened at $10.06 on Friday. Party City Holdco Inc has a 52-week low of $8.24 and a 52-week high of $16.95. The company has a current ratio of 1.27, a quick ratio of 0.36 and a debt-to-equity ratio of 1.54. The company has a market cap of $964.77 million, a PE ratio of 7.41, a PEG ratio of 0.28 and a beta of 2.19.

Party City Holdco (NYSE:PRTY) last released its quarterly earnings results on Thursday, November 8th. The specialty retailer reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.09). Party City Holdco had a net margin of 8.70% and a return on equity of 14.92%. The firm had revenue of $553.00 million for the quarter, compared to analyst estimates of $591.77 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. Equities research analysts anticipate that Party City Holdco Inc will post 1.63 EPS for the current fiscal year.

In other Party City Holdco news, Director Gerald C. Rittenberg sold 50,000 shares of the company’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $14.08, for a total value of $704,000.00. Following the transaction, the director now owns 3,800 shares in the company, valued at approximately $53,504. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder H. Lee Equity Fund Vi Thomas sold 10,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $15.50, for a total transaction of $155,000,000.00. The disclosure for this sale can be found here. 6.47% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Strs Ohio Invests $499,000 in Party City Holdco Inc (PRTY)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/11/11/strs-ohio-invests-499000-in-party-city-holdco-inc-prty.html.

Party City Holdco Profile

Party City Holdco Inc, through its subsidiaries, designs, manufactures, sources, and distributes party supplies in the United States and internationally. The company operates in two segments, Retail and Wholesale. It offers paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories and novelties, stationery, and decorations.

Recommended Story: Consumer behavior in bull markets

Want to see what other hedge funds are holding PRTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Party City Holdco Inc (NYSE:PRTY).

Institutional Ownership by Quarter for Party City Holdco (NYSE:PRTY)

Receive News & Ratings for Party City Holdco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Party City Holdco and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply