Party City Holdco Inc. (NYSE:PRTY) Short Interest Down 29.6% in June

Party City Holdco Inc. (NYSE:PRTYGet Rating) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 12,300,000 shares, a drop of 29.6% from the May 31st total of 17,470,000 shares. Based on an average daily volume of 4,820,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 11.7% of the company’s shares are sold short.

Separately, StockNews.com downgraded Party City Holdco from a “hold” rating to a “sell” rating in a report on Thursday, May 12th.

Shares of PRTY stock opened at $1.34 on Tuesday. The stock has a fifty day moving average of $1.71 and a 200 day moving average of $3.50. Party City Holdco has a 52 week low of $1.09 and a 52 week high of $9.67. The company has a quick ratio of 0.36, a current ratio of 1.13 and a debt-to-equity ratio of 23.32.

Party City Holdco (NYSE:PRTYGet Rating) last issued its quarterly earnings data on Monday, May 9th. The specialty retailer reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.10). Party City Holdco had a positive return on equity of 68.71% and a negative net margin of 0.89%. The company had revenue of $432.98 million during the quarter, compared to the consensus estimate of $435.80 million. During the same quarter last year, the company posted ($0.05) earnings per share. Equities analysts anticipate that Party City Holdco will post 0.43 EPS for the current year.

In other Party City Holdco news, major shareholder Clifford Sosin sold 444,375 shares of the business’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $1.45, for a total value of $644,343.75. Following the completion of the sale, the insider now directly owns 19,557,248 shares of the company’s stock, valued at $28,358,009.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.36% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in Party City Holdco by 169.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,429,950 shares of the specialty retailer’s stock valued at $15,860,000 after buying an additional 2,788,598 shares during the period. Masters Capital Management LLC grew its holdings in Party City Holdco by 90.0% in the fourth quarter. Masters Capital Management LLC now owns 3,800,000 shares of the specialty retailer’s stock worth $21,166,000 after purchasing an additional 1,800,000 shares during the period. Marshall Wace LLP increased its stake in shares of Party City Holdco by 580.8% during the fourth quarter. Marshall Wace LLP now owns 1,917,668 shares of the specialty retailer’s stock valued at $10,683,000 after purchasing an additional 1,635,993 shares in the last quarter. Dendur Capital LP purchased a new position in shares of Party City Holdco during the fourth quarter valued at approximately $5,543,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Party City Holdco in the 4th quarter worth approximately $4,599,000. 71.21% of the stock is currently owned by institutional investors.

Party City Holdco Company Profile (Get Rating)

Party City Holdco Inc designs, manufactures, sources, and distributes party goods worldwide. The company operates through 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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