Party City Holdco (PRTY) Shares Down 5.3%

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Party City Holdco Inc (NYSE:PRTY) traded down 5.3% during trading on Friday . The stock traded as low as $8.07 and last traded at $8.11. 2,071,957 shares traded hands during mid-day trading, an increase of 39% from the average session volume of 1,494,914 shares. The stock had previously closed at $8.56.

A number of research analysts have recently issued reports on PRTY shares. Zacks Investment Research upgraded Party City Holdco from a “sell” rating to a “hold” rating in a research report on Saturday, March 2nd. ValuEngine upgraded Party City Holdco from a “strong sell” rating to a “sell” rating in a research report on Thursday, February 28th. Telsey Advisory Group reiterated 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 Party City Holdco from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $14.00 to $12.00 in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.00.

The stock has a market cap of $792.36 million, a PE ratio of 5.10, a P/E/G ratio of 0.26 and a beta of 2.01. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.44 and a quick ratio of 0.38.

Party City Holdco (NYSE:PRTY) last announced its earnings results on Thursday, February 28th. The specialty retailer reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.01). Party City Holdco had a net margin of 5.08% and a return on equity of 15.63%. As a group, analysts expect that Party City Holdco Inc will post 1.65 earnings per share for the current year.

In other Party City Holdco news, Director Gerald C. Rittenberg sold 50,000 shares of the firm’s stock in a transaction on Saturday, December 29th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.47% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC lifted its holdings in Party City Holdco by 6.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 7,035,882 shares of the specialty retailer’s stock valued at $95,334,000 after purchasing an additional 435,513 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Party City Holdco by 29.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,901,062 shares of the specialty retailer’s stock valued at $66,410,000 after purchasing an additional 1,123,782 shares in the last quarter. Vanguard Group Inc lifted its holdings in Party City Holdco by 29.8% in the 3rd quarter. Vanguard Group Inc now owns 4,901,062 shares of the specialty retailer’s stock valued at $66,410,000 after purchasing an additional 1,123,782 shares in the last quarter. Nantahala Capital Management LLC lifted its holdings in Party City Holdco by 84.9% in the 4th quarter. Nantahala Capital Management LLC now owns 4,379,789 shares of the specialty retailer’s stock valued at $43,710,000 after purchasing an additional 2,010,906 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in Party City Holdco by 5.8% in the 4th quarter. Jennison Associates LLC now owns 4,287,244 shares of the specialty retailer’s stock valued at $42,787,000 after purchasing an additional 235,639 shares in the last quarter.

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Party City Holdco Company Profile (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.

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