Prudential Financial Inc. Has $5.75 Million Stock Holdings in Party City Holdco Inc (NYSE:PRTY)

Prudential Financial Inc. boosted its holdings in shares of Party City Holdco Inc (NYSE:PRTY) by 9.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 784,150 shares of the specialty retailer’s stock after acquiring an additional 69,000 shares during the period. Prudential Financial Inc. owned 0.84% of Party City Holdco worth $5,748,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Weiss Asset Management LP grew its holdings in Party City Holdco by 10.8% during 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 during the period. Marshall Wace North America L.P. grew its holdings in Party City Holdco by 20.3% during 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 during the period. Rhumbline Advisers grew its holdings in Party City Holdco by 3.2% during the 1st quarter. Rhumbline Advisers now owns 80,521 shares of the specialty retailer’s stock worth $639,000 after acquiring an additional 2,475 shares during the period. JPMorgan Chase & Co. grew its holdings in Party City Holdco by 13.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,504 shares of the specialty retailer’s stock worth $170,000 after acquiring an additional 2,804 shares during the period. Finally, CWM Advisors LLC grew its holdings in Party City Holdco by 28.0% during the 2nd quarter. CWM Advisors LLC now owns 24,115 shares of the specialty retailer’s stock worth $177,000 after acquiring an additional 5,275 shares during the period.

PRTY traded down $0.30 during trading on Thursday, hitting $6.09. The company had a trading volume of 50,383 shares, compared to its average volume of 1,795,316. The company has a market capitalization of $586.45 million, a PE ratio of 3.81, a PEG ratio of 0.28 and a beta of 1.38. Party City Holdco Inc has a one year low of $4.07 and a one year high of $15.60. The firm’s 50-day moving average price is $5.23 and its 200 day moving average price is $7.24. The company has a quick ratio of 0.30, a current ratio of 1.23 and a debt-to-equity ratio of 2.21.

Party City Holdco (NYSE:PRTY) last posted its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.22 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.16). The company had revenue of $563.90 million during the quarter, compared to the consensus estimate of $572.14 million. Party City Holdco had a net margin of 4.67% and a return on equity of 12.73%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 earnings per share. Sell-side analysts forecast that Party City Holdco Inc will post 1.27 earnings per share for the current year.

In related news, CFO Michael A. Correale acquired 24,300 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of $4.13 per share, with a total value of $100,359.00. Following the transaction, the chief financial officer now owns 114,481 shares of the company’s stock, valued at approximately $472,806.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James M. Harrison acquired 125,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average cost of $4.53 per share, for a total transaction of $566,250.00. Following the completion of the transaction, the chief executive officer now directly owns 114,074 shares in the company, valued at approximately $516,755.22. The disclosure for this purchase can be found here. Insiders purchased a total of 153,855 shares of company stock worth $686,514 over the last ninety days. 6.42% of the stock is currently owned by insiders.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Party City Holdco from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price target on shares of Party City Holdco from $11.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Goldman Sachs Group raised shares of Party City Holdco from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $10.00 to $8.00 in a research report on Wednesday, July 24th. Morgan Stanley reduced their price target on shares of Party City Holdco from $13.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. Finally, Bank of America set a $10.00 price target on shares of Party City Holdco and gave the stock a “buy” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $10.92.

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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Institutional Ownership by Quarter for Party City Holdco (NYSE:PRTY)

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