Parametric Portfolio Associates LLC Has $1.95 Million Holdings in Party City Holdco Inc. (PRTY)
Parametric Portfolio Associates LLC decreased its holdings in shares of Party City Holdco Inc. (NYSE:PRTY) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,305 shares of the specialty retailer’s stock after selling 10,612 shares during the period. Parametric Portfolio Associates LLC owned about 0.10% of Party City Holdco worth $1,945,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in PRTY. Legal & General Group Plc lifted its stake in Party City Holdco by 14.0% during the first quarter. Legal & General Group Plc now owns 7,190 shares of the specialty retailer’s stock worth $101,000 after purchasing an additional 881 shares during the period. Tudor Investment Corp ET AL bought a new position in Party City Holdco during the first quarter worth about $170,000. Pacad Investment Ltd. lifted its stake in Party City Holdco by 6.1% during the second quarter. Pacad Investment Ltd. now owns 12,100 shares of the specialty retailer’s stock worth $189,000 after purchasing an additional 700 shares during the period. American International Group Inc. lifted its stake in Party City Holdco by 7.1% during the first quarter. American International Group Inc. now owns 16,587 shares of the specialty retailer’s stock worth $233,000 after purchasing an additional 1,098 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in Party City Holdco during the second quarter worth about $366,000.
In other news, insider Ryan T. Vero bought 2,921 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of $13.70 per share, for a total transaction of $40,017.70. Following the completion of the purchase, the insider now owns 2,921 shares of the company’s stock, valued at approximately $40,017.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.02% of the company’s stock.
Party City Holdco Inc. (NYSE:PRTY) opened at $11.70 on Friday. Party City Holdco Inc. has a one year low of $9.50 and a one year high of $17.70. The company has a quick ratio of 0.49, a current ratio of 1.71 and a debt-to-equity ratio of 1.46. The stock has a market cap of $1,171.39, a P/E ratio of 8.38, a PEG ratio of 0.75 and a beta of 2.54.
Party City Holdco (NYSE:PRTY) last posted its earnings results on Thursday, November 9th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Party City Holdco had a net margin of 4.97% and a return on equity of 13.97%. The company had revenue of $560.11 million during the quarter, compared to analysts’ expectations of $587.74 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. Party City Holdco’s quarterly revenue was up .6% compared to the same quarter last year. sell-side analysts forecast that Party City Holdco Inc. will post 1.25 EPS for the current fiscal year.
PRTY has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Party City Holdco from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. ValuEngine cut shares of Party City Holdco from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Morgan Stanley cut their price target on shares of Party City Holdco from $17.00 to $15.50 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets upgraded shares of Party City Holdco from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $11.20 to $16.00 in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Party City Holdco currently has an average rating of “Hold” and a consensus price target of $16.38.
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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