Fmr LLC Raises Holdings in Party City Holdco Inc (PRTY)

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Fmr LLC grew its position in Party City Holdco Inc (NYSE:PRTY) by 23.8% during the 4th quarter, Holdings Channel reports. The firm owned 3,240,239 shares of the specialty retailer’s stock after acquiring an additional 623,039 shares during the quarter. Fmr LLC’s holdings in Party City Holdco were worth $32,338,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PRTY. Wells Fargo & Company MN boosted its position in shares of Party City Holdco by 77.1% during the third quarter. Wells Fargo & Company MN now owns 121,606 shares of the specialty retailer’s stock worth $1,648,000 after acquiring an additional 52,930 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Party City Holdco by 36.1% during the third quarter. Alliancebernstein L.P. now owns 46,000 shares of the specialty retailer’s stock worth $623,000 after acquiring an additional 12,200 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Party City Holdco by 33.9% during the third quarter. Bank of New York Mellon Corp now owns 505,472 shares of the specialty retailer’s stock worth $6,849,000 after acquiring an additional 127,906 shares during the last quarter. BlackRock Inc. boosted its position in shares of Party City Holdco by 65.9% during the third quarter. BlackRock Inc. now owns 4,084,707 shares of the specialty retailer’s stock worth $55,347,000 after acquiring an additional 1,622,584 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Party City Holdco by 19.9% during the third quarter. Dimensional Fund Advisors LP now owns 545,300 shares of the specialty retailer’s stock worth $7,388,000 after acquiring an additional 90,331 shares during the last quarter.

PRTY stock opened at $8.15 on Friday. Party City Holdco Inc has a 52 week low of $7.56 and a 52 week high of $16.95. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.44 and a quick ratio of 0.38. The firm has a market cap of $764.39 million, a price-to-earnings ratio of 5.13, a price-to-earnings-growth ratio of 0.24 and a beta of 1.96.

Party City Holdco (NYSE:PRTY) last released its quarterly earnings data on Thursday, February 28th. The specialty retailer reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.01). Party City Holdco had a net margin of 5.08% and a return on equity of 15.63%. Research analysts anticipate that Party City Holdco Inc will post 1.65 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Party City Holdco from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Zacks Investment Research upgraded shares of Party City Holdco from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $14.00 target price (down previously from $15.00) on shares of Party City Holdco in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. lowered shares of Party City Holdco from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $14.00 to $12.00 in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.17.

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About Party City Holdco

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, novelties, gifts, and stationery.

See Also: Real Estate Investment Trust (REIT) ETF

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)

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