Party City Holdco Inc (NYSE:PRTY) Director Gerald C. Rittenberg sold 239,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $15.38, for a total transaction of $3,675,820.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Party City Holdco Inc (NYSE PRTY) opened at $15.35 on Friday. Party City Holdco Inc has a twelve month low of $9.50 and a twelve month high of $17.05. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.64 and a quick ratio of 0.51. The stock has a market capitalization of $1,831.59, a price-to-earnings ratio of 8.39, a P/E/G ratio of 0.41 and a beta of 2.37.
Party City Holdco (NYSE:PRTY) last issued its earnings results on Friday, March 9th. The specialty retailer reported $0.80 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.80. Party City Holdco had a return on equity of 13.88% and a net margin of 9.08%. The company had revenue of $789.60 million for the quarter, compared to analysts’ expectations of $781.30 million. During the same period last year, the business earned $0.76 EPS. Party City Holdco’s quarterly revenue was up 5.4% compared to the same quarter last year. analysts predict that Party City Holdco Inc will post 1.8 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of PRTY. Neuberger Berman Group LLC lifted its stake in Party City Holdco by 36.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 3,324,866 shares of the specialty retailer’s stock valued at $45,052,000 after acquiring an additional 890,188 shares in the last quarter. Bamco Inc. NY lifted its stake in Party City Holdco by 20.7% during the 4th quarter. Bamco Inc. NY now owns 3,095,000 shares of the specialty retailer’s stock valued at $43,175,000 after acquiring an additional 530,000 shares in the last quarter. Peregrine Capital Management LLC lifted its stake in Party City Holdco by 0.6% during the 4th quarter. Peregrine Capital Management LLC now owns 1,421,147 shares of the specialty retailer’s stock valued at $19,825,000 after acquiring an additional 8,886 shares in the last quarter. Sapience Investments LLC lifted its stake in Party City Holdco by 35.4% during the 4th quarter. Sapience Investments LLC now owns 1,409,200 shares of the specialty retailer’s stock valued at $19,658,000 after acquiring an additional 368,050 shares in the last quarter. Finally, Rubric Capital Management LP lifted its stake in Party City Holdco by 100.0% during the 3rd quarter. Rubric Capital Management LP now owns 782,135 shares of the specialty retailer’s stock valued at $10,598,000 after acquiring an additional 390,970 shares in the last quarter. Institutional investors own 83.62% of the company’s stock.
Several brokerages have recently commented on PRTY. Telsey Advisory Group raised their price objective on shares of Party City Holdco from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, December 22nd. Bank of America raised their price objective on shares of Party City Holdco from $13.50 to $15.50 and gave the stock a “neutral” rating in a research report on Wednesday, December 27th. Zacks Investment Research cut Party City Holdco from a “strong-buy” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Party City Holdco from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Finally, BMO Capital Markets set a $20.00 target price on Party City Holdco and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $17.29.
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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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