Party City Holdco Inc (NYSE:PRTY) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $17.60.
A number of research firms have recently issued reports on PRTY. TheStreet downgraded Party City Holdco from a “c-” rating to a “d+” rating in a research report on Friday, January 13th. Zacks Investment Research raised Party City Holdco from a “sell” rating to a “hold” rating in a research report on Saturday, January 14th. Telsey Advisory Group reissued an “outperform” rating on shares of Party City Holdco in a research report on Thursday, February 16th. Credit Suisse Group AG set a $19.00 price target on Party City Holdco and gave the stock a “buy” rating in a research report on Monday, March 13th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $16.00 price target (down previously from $18.00) on shares of Party City Holdco in a research report on Wednesday, March 15th.
Shares of Party City Holdco (NYSE:PRTY) traded up 2.08% on Monday, hitting $14.70. 246,096 shares of the stock traded hands. The firm has a 50 day moving average price of $14.06 and a 200 day moving average price of $15.23. The firm has a market cap of $1.76 billion, a PE ratio of 15.00 and a beta of 2.85. Party City Holdco has a 52-week low of $12.05 and a 52-week high of $19.10.
Party City Holdco (NYSE:PRTY) last announced its quarterly earnings data on Thursday, March 9th. The specialty retailer reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.02. The company had revenue of $749 million for the quarter, compared to the consensus estimate of $758.24 million. Party City Holdco had a return on equity of 14.62% and a net margin of 5.13%. Party City Holdco’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS. On average, equities analysts forecast that Party City Holdco will post $1.27 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its position in Party City Holdco by 38.5% in the third quarter. Acrospire Investment Management LLC now owns 7,909 shares of the specialty retailer’s stock worth $135,000 after buying an additional 2,200 shares during the last quarter. Highbridge Capital Management LLC increased its position in Party City Holdco by 380.9% in the fourth quarter. Highbridge Capital Management LLC now owns 11,518 shares of the specialty retailer’s stock worth $163,000 after buying an additional 15,618 shares during the last quarter. Aperio Group LLC purchased a new position in Party City Holdco during the third quarter worth about $195,000. Trexquant Investment LP purchased a new position in Party City Holdco during the fourth quarter worth about $211,000. Finally, Denver Investment Advisors LLC purchased a new position in Party City Holdco during the fourth quarter worth about $286,000. 96.89% of the stock is currently owned by institutional investors and hedge funds.
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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