D. E. Shaw & Co. Inc. cut its holdings in Party City Holdco Inc (NYSE:PRTY) by 61.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,088 shares of the specialty retailer’s stock after selling 45,613 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Party City Holdco were worth $290,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of PRTY. Gs Investments Inc. increased its position in shares of Party City Holdco by 15.4% during the fourth quarter. Gs Investments Inc. now owns 7,500 shares of the specialty retailer’s stock worth $75,000 after purchasing an additional 1,000 shares in the last quarter. CWM Advisors LLC acquired a new stake in shares of Party City Holdco during the fourth quarter worth about $102,000. Keybank National Association OH acquired a new stake in shares of Party City Holdco during the fourth quarter worth about $104,000. Legal & General Group Plc increased its position in shares of Party City Holdco by 67.1% during the third quarter. Legal & General Group Plc now owns 8,707 shares of the specialty retailer’s stock worth $118,000 after purchasing an additional 3,497 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Party City Holdco during the third quarter worth about $119,000.
A number of research firms have recently commented on PRTY. Zacks Investment Research upgraded Party City Holdco from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 10th. ValuEngine upgraded Party City Holdco from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 9th. JPMorgan Chase & Co. cut Party City Holdco from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $14.00 to $12.00 in a research report on Friday, March 1st. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.00.
PRTY opened at $7.78 on Tuesday. The stock has a market cap of $739.91 million, a PE ratio of 4.89, a PEG ratio of 0.25 and a beta of 1.96. Party City Holdco Inc has a one year low of $7.56 and a one year high of $16.95. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.38 and a current ratio of 1.44.
Party City Holdco (NYSE:PRTY) last issued its quarterly earnings results on Thursday, February 28th. The specialty retailer reported $1.08 earnings per share (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%. As a group, equities research analysts anticipate that Party City Holdco Inc will post 1.65 EPS for the current year.
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.
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