Welch Capital Partners LLC NY raised its stake in shares of Party City Holdco Inc. (NYSE:PRTY) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 430,645 shares of the specialty retailer’s stock after buying an additional 960 shares during the period. Party City Holdco comprises 2.2% of Welch Capital Partners LLC NY’s investment portfolio, making the stock its 21st largest position. Welch Capital Partners LLC NY’s holdings in Party City Holdco were worth $6,740,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legal & General Group Plc raised 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 raised 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 acquired a new position in shares of Party City Holdco during the first quarter valued at about $170,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Party City Holdco during the first quarter valued at about $171,000. Finally, PEAK6 Investments L.P. acquired a new position in shares of Party City Holdco during the first quarter valued at about $194,000.

Shares of Party City Holdco Inc. (NYSE:PRTY) opened at 13.70 on Friday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 14.15 and a beta of 2.69. The company has a 50 day moving average price of $14.71 and a 200-day moving average price of $14.92. Party City Holdco Inc. has a one year low of $12.65 and a one year high of $18.94.

Party City Holdco (NYSE:PRTY) last posted its earnings results on Wednesday, August 2nd. The specialty retailer reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $544.90 million during the quarter, compared to the consensus estimate of $545.59 million. During the same quarter last year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts predict that Party City Holdco Inc. will post $1.28 earnings per share for the current fiscal year.

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Several brokerages have issued reports on PRTY. Zacks Investment Research upgraded Party City Holdco from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Saturday, August 5th. BMO Capital Markets set a $16.00 target price on Party City Holdco and gave the company a “hold” rating in a research report on Thursday, August 3rd. BidaskClub lowered Party City Holdco from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, ValuEngine lowered Party City Holdco from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Party City Holdco currently has an average rating of “Hold” and an average target price of $17.00.

In related news, CEO James M. Harrison bought 65,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average price of $14.50 per share, for a total transaction of $942,500.00. Following the acquisition, the chief executive officer now owns 969 shares of the company’s stock, valued at $14,050.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan T. Vero bought 2,921 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was bought at an average price of $13.70 per share, with a total value of $40,017.70. Following the acquisition, the insider now directly owns 2,921 shares in the company, valued at approximately $40,017.70. The disclosure for this purchase can be found here. 5.02% of the stock is currently owned by company insiders.

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

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