Party City Holdco (NYSE:PRTY) Stock Price Up 5.9%

Party City Holdco Inc (NYSE:PRTY)’s share price rose 5.9% during mid-day trading on Thursday . The company traded as high as $7.36 and last traded at $7.23. Approximately 1,525,969 shares changed hands during trading, a decline of 6% from the average daily volume of 1,622,175 shares. The stock had previously closed at $6.83.

PRTY has been the topic of a number of research reports. JPMorgan Chase & Co. downgraded shares of Party City Holdco from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $14.00 to $12.00 in a research report on Friday, March 1st. Telsey Advisory Group restated an “outperform” rating and set a $14.00 price objective (down previously from $15.00) on shares of Party City Holdco in a report on Friday, March 1st. Finally, Zacks Investment Research upgraded shares of Party City Holdco from a “sell” rating to a “hold” rating in a report on Saturday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $13.46.

The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.28 and a current ratio of 1.16. The stock has a fifty day simple moving average of $7.69. The firm has a market cap of $678.10 million, a PE ratio of 4.61, a price-to-earnings-growth ratio of 0.29 and a beta of 1.45.

Party City Holdco (NYSE:PRTY) last released its quarterly earnings data on Thursday, May 9th. The specialty retailer reported $0.01 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. Party City Holdco had a net margin of 3.87% and a return on equity of 14.84%. The firm had revenue of $513.12 million for the quarter, compared to the consensus estimate of $522.59 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts expect that Party City Holdco Inc will post 1.67 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its holdings in Party City Holdco by 67.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,537 shares of the specialty retailer’s stock worth $25,000 after buying an additional 1,024 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Party City Holdco by 14.7% in the 4th quarter. Legal & General Group Plc now owns 9,991 shares of the specialty retailer’s stock worth $100,000 after acquiring an additional 1,284 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Party City Holdco by 0.5% in the 4th quarter. First Trust Advisors LP now owns 301,708 shares of the specialty retailer’s stock worth $3,011,000 after acquiring an additional 1,453 shares in the last quarter. Weiss Asset Management LP grew its stake in shares of Party City Holdco by 10.8% in the 1st quarter. Weiss Asset Management LP now owns 16,058 shares of the specialty retailer’s stock worth $128,000 after acquiring an additional 1,568 shares in the last quarter. Finally, Marshall Wace North America L.P. grew its stake in shares of Party City Holdco by 20.3% in the 1st quarter. Marshall Wace North America L.P. now owns 12,865 shares of the specialty retailer’s stock worth $102,000 after acquiring an additional 2,174 shares in 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.

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