Party City Holdco (NYSE:PRTY) Shares Gap Up to $2.60

Share on StockTwits

Shares of Party City Holdco Inc (NYSE:PRTY) gapped up prior to trading on Thursday . The stock had previously closed at $2.68, but opened at $2.60. Party City Holdco shares last traded at $2.64, with a volume of 56,351 shares changing hands.

A number of research firms recently weighed in on PRTY. Goldman Sachs Group lowered shares of Party City Holdco from a “buy” rating to a “neutral” rating in a report on Friday, November 8th. ValuEngine upgraded Party City Holdco from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Morgan Stanley lowered their price target on Party City Holdco from $5.00 to $3.00 and set an “equal weight” rating for the company in a research report on Friday, January 3rd. Zacks Investment Research upgraded Party City Holdco from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, TheStreet downgraded Party City Holdco from a “c-” rating to a “d” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Party City Holdco presently has an average rating of “Hold” and an average price target of $6.79.

The company has a market capitalization of $259.77 million, a P/E ratio of -1.49, a P/E/G ratio of 0.25 and a beta of 1.16. The business has a 50-day moving average of $2.68 and a 200-day moving average of $4.01. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.25 and a quick ratio of 0.46.

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM Advisors LLC lifted its position in Party City Holdco by 175.9% in the fourth quarter. CWM Advisors LLC now owns 87,381 shares of the specialty retailer’s stock worth $204,000 after buying an additional 55,715 shares during the last quarter. NEXT Financial Group Inc lifted its position in Party City Holdco by 5,372.3% in the fourth quarter. NEXT Financial Group Inc now owns 25,720 shares of the specialty retailer’s stock worth $60,000 after buying an additional 25,250 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Party City Holdco by 9.8% during the third quarter. Rhumbline Advisers now owns 88,026 shares of the specialty retailer’s stock worth $503,000 after purchasing an additional 7,826 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Party City Holdco by 43.0% during the third quarter. California Public Employees Retirement System now owns 26,077 shares of the specialty retailer’s stock worth $149,000 after purchasing an additional 7,844 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Party City Holdco by 3.4% during the second quarter. Bank of America Corp DE now owns 446,839 shares of the specialty retailer’s stock worth $3,274,000 after purchasing an additional 14,613 shares during the last quarter.

About Party City Holdco (NYSE:PRTY)

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.

Featured Story: Why do earnings reports matter?

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.



Latest News

ADDvantage Technologies Group  Stock Price Up 6.1%
ADDvantage Technologies Group Stock Price Up 6.1%
American Woodmark  Reaches New 52-Week High at $116.00
American Woodmark Reaches New 52-Week High at $116.00
Theravance Biopharma  Shares Gap Down to $24.67
Theravance Biopharma Shares Gap Down to $24.67
Melco Resorts & Entertainment  Shares Gap Up to $22.55
Melco Resorts & Entertainment Shares Gap Up to $22.55
NovaGold Resources Inc.  Short Interest Update
NovaGold Resources Inc. Short Interest Update
Sunworks  Trading Down 1.2%
Sunworks Trading Down 1.2%


 
© 2006-2020 Zolmax.