Party City Holdco’s (PRTY) “Outperform” Rating Reiterated at Telsey Advisory Group
Party City Holdco Inc. (NYSE:PRTY)‘s stock had its “outperform” rating reiterated by equities research analysts at Telsey Advisory Group in a research note issued to investors on Thursday.
A number of other brokerages have also recently commented on PRTY. Goldman Sachs Group, Inc. (The) began coverage on Party City Holdco in a research note on Tuesday, October 25th. They issued a “neutral” rating and a $17.00 price target for the company. BMO Capital Markets reiterated a “hold” rating and issued a $18.00 price target on shares of Party City Holdco in a research note on Friday, November 11th. Zacks Investment Research cut Party City Holdco from a “hold” rating to a “sell” rating in a research note on Saturday, November 5th. Finally, TheStreet cut Party City Holdco from a “c-” rating to a “d+” rating in a research note on Friday, January 13th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.22.
Party City Holdco (NYSE:PRTY) opened at 15.25 on Thursday. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 15.62 and a beta of 2.85. Party City Holdco has a 12-month low of $8.98 and a 12-month high of $19.10. The firm’s 50-day moving average price is $14.51 and its 200 day moving average price is $16.18.
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A number of hedge funds have recently bought and sold shares of PRTY. UBS Asset Management Americas Inc. increased its stake in Party City Holdco by 3.6% in the third quarter. UBS Asset Management Americas Inc. now owns 28,721 shares of the company’s stock worth $492,000 after buying an additional 1,000 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Party City Holdco by 38.5% in the third quarter. Acrospire Investment Management LLC now owns 7,909 shares of the company’s stock worth $135,000 after buying an additional 2,200 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Party City Holdco by 15.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 82,297 shares of the company’s stock worth $1,145,000 after buying an additional 10,960 shares during the last quarter. Aperio Group LLC bought a new stake in Party City Holdco during the third quarter worth $195,000. Finally, Millrace Asset Group Inc. increased its stake in Party City Holdco by 21.0% in the fourth quarter. Millrace Asset Group Inc. now owns 77,000 shares of the company’s stock worth $1,093,000 after buying an additional 13,386 shares during the last quarter. Institutional investors and hedge funds own 96.89% of the company’s stock.
Party City Holdco Company Profile
Party City Holdco Inc is a party goods retailer and supplier of decorated party goods. The Company operates through two segments: Retail and Wholesale. The Wholesale segment designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery throughout the world.
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