PNC Financial Services Group Inc. decreased its position in shares of Party City Holdco Inc. (NYSE:PRTY) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 254,561 shares of the specialty retailer’s stock after selling 2,118 shares during the period. PNC Financial Services Group Inc. owned 0.21% of Party City Holdco worth $3,985,000 as of its most recent SEC filing.

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

PRTY has been the topic of a number of recent research reports. Zacks Investment Research lowered Party City Holdco from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. BidaskClub lowered Party City Holdco from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Finally, ValuEngine lowered 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 assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.75.

In other Party City Holdco news, CEO James M. Harrison bought 65,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were purchased at an average cost of $14.50 per share, for a total transaction of $942,500.00. Following the transaction, the chief executive officer now directly owns 969 shares in the company, valued at $14,050.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan T. Vero bought 2,921 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average price of $13.70 per share, for a total transaction of $40,017.70. Following the completion of the transaction, the insider now owns 2,921 shares in the company, valued at $40,017.70. The disclosure for this purchase can be found here. 5.02% of the stock is owned by company insiders.

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Party City Holdco Inc. (NYSE PRTY) opened at 14.00 on Thursday. The company’s 50-day moving average price is $14.02 and its 200-day moving average price is $14.78. Party City Holdco Inc. has a one year low of $12.65 and a one year high of $18.33. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 14.46 and a beta of 2.69.

Party City Holdco (NYSE:PRTY) last posted its earnings results on Wednesday, August 2nd. The specialty retailer reported $0.28 EPS 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 for the quarter, compared to analysts’ expectations of $545.59 million. During the same period last year, the firm earned $0.24 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, analysts anticipate that Party City Holdco Inc. will post $1.28 EPS for the current year.

Party City Holdco 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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