Party City Holdco Inc. (NYSE:PRTY) Director Gerald C. Rittenberg sold 70,000 shares of Party City Holdco stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $14.68, for a total transaction of $1,027,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Party City Holdco Inc. (PRTY) traded down 2.38% during trading on Thursday, reaching $14.35. 443,165 shares of the company’s stock traded hands. Party City Holdco Inc. has a 12 month low of $12.65 and a 12 month high of $19.10. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 14.82 and a beta of 2.69. The firm’s 50 day moving average is $14.96 and its 200-day moving average is $14.94.

Party City Holdco (NYSE:PRTY) last issued its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The business had revenue of $544.90 million for the quarter, compared to the consensus estimate of $545.59 million. Party City Holdco had a net margin of 4.97% and a return on equity of 13.97%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. Analysts expect that Party City Holdco Inc. will post $1.28 EPS for the current fiscal year.

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Several brokerages recently weighed in on PRTY. Zacks Investment Research downgraded shares of Party City Holdco from a “buy” rating to a “hold” rating in a research report on Saturday, May 13th. BidaskClub downgraded shares of Party City Holdco from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. BMO Capital Markets set a $16.00 price objective on shares of Party City Holdco and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, ValuEngine downgraded shares of Party City Holdco from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.00.

A number of hedge funds and other institutional investors have recently modified their holdings of PRTY. Legal & General Group Plc increased its position in shares of Party City Holdco by 14.0% in the first quarter. Legal & General Group Plc now owns 7,190 shares of the specialty retailer’s stock valued at $101,000 after buying an additional 881 shares during the period. Highbridge Capital Management LLC increased its position in shares of 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 valued at $163,000 after buying an additional 15,618 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of Party City Holdco during the first quarter valued at about $170,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Party City Holdco during the first quarter valued at about $171,000. Finally, Pacad Investment Ltd. increased its position in shares of Party City Holdco by 6.1% in the second quarter. Pacad Investment Ltd. now owns 12,100 shares of the specialty retailer’s stock valued at $189,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 99.98% of the company’s stock.

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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