Rice Hall James & Associates LLC boosted its position in Party City Holdco Inc. (NYSE:PRTY) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 1,162,730 shares of the specialty retailer’s stock after buying an additional 6,564 shares during the period. Rice Hall James & Associates LLC’s holdings in Party City Holdco were worth $18,197,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in Party City Holdco by 15.4% in the first quarter. Victory Capital Management Inc. now owns 3,222,061 shares of the specialty retailer’s stock worth $45,270,000 after buying an additional 430,797 shares during the last quarter. Vanguard Group Inc. increased its stake in Party City Holdco by 8.6% in the first quarter. Vanguard Group Inc. now owns 2,322,061 shares of the specialty retailer’s stock worth $32,625,000 after buying an additional 183,643 shares during the last quarter. Mesirow Financial Investment Management Equity Management increased its stake in Party City Holdco by 0.7% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 1,040,319 shares of the specialty retailer’s stock worth $14,619,000 after buying an additional 7,145 shares during the last quarter. Hodges Capital Management Inc. increased its stake in Party City Holdco by 9.8% in the first quarter. Hodges Capital Management Inc. now owns 996,910 shares of the specialty retailer’s stock worth $14,007,000 after buying an additional 89,295 shares during the last quarter. Finally, Elk Creek Partners LLC increased its stake in Party City Holdco by 1.3% in the first quarter. Elk Creek Partners LLC now owns 667,885 shares of the specialty retailer’s stock worth $9,384,000 after buying an additional 8,351 shares during the last quarter. Institutional investors and hedge funds own 99.98% of the company’s stock.

Shares of Party City Holdco Inc. (NYSE PRTY) opened at 14.10 on Friday. The company has a 50-day moving average price of $14.90 and a 200 day moving average price of $14.93. Party City Holdco Inc. has a one year low of $12.65 and a one year high of $19.10. The firm has a market capitalization of $1.69 billion, a P/E ratio of 14.57 and a beta of 2.69.

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

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A number of analysts have recently commented on PRTY shares. ValuEngine downgraded Party City Holdco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Party City Holdco from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, May 10th. BidaskClub downgraded Party City Holdco from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, BMO Capital Markets set a $16.00 price target on Party City Holdco and gave the company a “hold” rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.00.

In related news, Director Gerald C. Rittenberg sold 70,000 shares of Party City Holdco stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $14.68, for a total value of $1,027,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James M. Harrison acquired 65,000 shares of Party City Holdco stock in a transaction that occurred on Friday, August 4th. The stock was acquired at an average cost of $14.50 per share, with a total value of $942,500.00. Following the purchase, the chief executive officer now owns 969 shares in the company, valued at approximately $14,050.50. The disclosure for this purchase can be found here. 5.02% of the stock is currently owned by insiders.

About Party City Holdco

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

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