King Luther Capital Management Corp continued to hold its position in shares of Party City Holdco Inc. (NYSE:PRTY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,700 shares of the specialty retailer’s stock at the end of the second quarter. King Luther Capital Management Corp owned 0.14% of Party City Holdco worth $2,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake 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 valued at $101,000 after purchasing an additional 881 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Party City Holdco in the 1st quarter valued at about $170,000. Pacad Investment Ltd. lifted its stake 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 valued at $189,000 after purchasing an additional 700 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Party City Holdco in the 1st quarter valued at about $171,000. Finally, PEAK6 Investments L.P. acquired a new position in shares of Party City Holdco in the 1st quarter valued at about $194,000.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Party City Holdco from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, September 8th. BidaskClub downgraded Party City Holdco from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. BMO Capital Markets set a $16.00 target price on Party City Holdco and gave the company a “hold” rating in a report on Thursday, August 3rd. Finally, ValuEngine downgraded Party City Holdco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. One equities research 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. The company presently has an average rating of “Hold” and an average price target of $16.75.

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

Shares of Party City Holdco Inc. (NYSE PRTY) opened at 13.80 on Monday. The company has a market capitalization of $1.65 billion, a P/E ratio of 14.26 and a beta of 2.69. Party City Holdco Inc. has a one year low of $12.65 and a one year high of $18.33. The stock has a 50 day moving average price of $14.04 and a 200-day moving average price of $14.78.

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

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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).

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

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