Party City Holdco Inc. (NYSE:PRTY) Director Jefferson M. Case sold 42,979 shares of Party City Holdco stock in a transaction on Monday, December 11th. The shares were sold at an average price of $12.67, for a total transaction of $544,543.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Party City Holdco Inc. (NYSE PRTY) traded up $0.35 during midday trading on Friday, hitting $12.20. 2,132,000 shares of the company’s stock traded hands, compared to its average volume of 514,344. The stock has a market cap of $1,467.66, a price-to-earnings ratio of 10.34, a P/E/G ratio of 1.02 and a beta of 2.71. Party City Holdco Inc. has a 52 week low of $9.50 and a 52 week high of $17.05. The company has a quick ratio of 0.51, a current ratio of 1.64 and a debt-to-equity ratio of 1.43.

Party City Holdco (NYSE:PRTY) last issued its earnings results on Thursday, November 9th. The specialty retailer reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $560.11 million for the quarter, compared to analyst estimates of $587.74 million. Party City Holdco had a net margin of 4.96% and a return on equity of 13.74%. The business’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS. equities research analysts forecast that Party City Holdco Inc. will post 1.21 earnings per share for the current year.

Party City Holdco announced that its board has approved a stock repurchase program on Thursday, November 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Several institutional investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC boosted its position in shares of Party City Holdco by 0.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 70,088 shares of the specialty retailer’s stock worth $1,097,000 after buying an additional 205 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Party City Holdco by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 97,405 shares of the specialty retailer’s stock worth $1,525,000 after buying an additional 608 shares in the last quarter. Pacad Investment Ltd. boosted its position in shares of Party City Holdco by 6.1% in the 2nd quarter. Pacad Investment Ltd. now owns 12,100 shares of the specialty retailer’s stock worth $189,000 after buying an additional 700 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Party City Holdco by 14.0% in the 1st quarter. Legal & General Group Plc now owns 7,190 shares of the specialty retailer’s stock worth $101,000 after buying an additional 881 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Party City Holdco by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,032 shares of the specialty retailer’s stock worth $392,000 after buying an additional 894 shares in the last quarter.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Party City Holdco from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. ValuEngine upgraded shares of Party City Holdco from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Finally, Morgan Stanley decreased their target price on shares of Party City Holdco from $15.50 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.60.

TRADEMARK VIOLATION WARNING: “Party City Holdco Inc. (PRTY) Director Jefferson M. Case Sells 42,979 Shares” was first reported by Daily Political and is owned by of Daily Political. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/12/15/party-city-holdco-inc-prty-director-jefferson-m-case-sells-42979-shares.html.

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).

Receive News & Ratings for Party City Holdco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Party City Holdco and related companies with MarketBeat.com's FREE daily email newsletter.