Shares of Party City Holdco Inc. (NYSE:PRTY) have received an average rating of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $17.33.

Several equities analysts have weighed in on the company. Zacks Investment Research lowered Party City Holdco from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. 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 lowered Party City Holdco from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th.

In other Party City Holdco news, CEO James M. Harrison acquired 65,000 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were acquired at an average cost of $14.50 per share, for a total transaction of $942,500.00. Following the completion of the purchase, the chief executive officer now owns 969 shares of the company’s stock, valued at approximately $14,050.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald C. Rittenberg sold 70,000 shares of Party City Holdco stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $14.68, for a total value of $1,027,600.00. The disclosure for this sale can be found here. 5.02% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Neuberger Berman Group LLC increased its stake in shares of Party City Holdco by 4.7% in the second quarter. Neuberger Berman Group LLC now owns 2,434,678 shares of the specialty retailer’s stock worth $38,103,000 after purchasing an additional 109,750 shares during the period. Bamco Inc. NY increased its stake in shares of Party City Holdco by 2.6% in the second quarter. Bamco Inc. NY now owns 2,433,500 shares of the specialty retailer’s stock worth $38,084,000 after purchasing an additional 62,500 shares during the period. Vanguard Group Inc. increased its stake in shares of Party City Holdco by 3.6% in the second quarter. Vanguard Group Inc. now owns 2,405,039 shares of the specialty retailer’s stock worth $37,639,000 after purchasing an additional 82,978 shares during the period. Jennison Associates LLC increased its stake in shares of Party City Holdco by 13.7% in the second quarter. Jennison Associates LLC now owns 1,952,887 shares of the specialty retailer’s stock worth $30,563,000 after purchasing an additional 235,322 shares during the period. Finally, Rice Hall James & Associates LLC increased its stake in shares of Party City Holdco by 0.6% in the second quarter. Rice Hall James & Associates LLC now owns 1,162,730 shares of the specialty retailer’s stock worth $18,197,000 after purchasing an additional 6,564 shares during the period.

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Party City Holdco (NYSE:PRTY) traded down 0.39% during midday trading on Wednesday, hitting $12.85. The stock had a trading volume of 852,859 shares. The stock has a market cap of $1.54 billion, a P/E ratio of 13.27 and a beta of 2.66. The company’s 50-day moving average price is $13.69 and its 200 day moving average price is $14.73. Party City Holdco has a 12-month low of $12.25 and a 12-month high of $17.76.

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 return on equity of 13.97% and a net margin of 4.97%. The company had revenue of $544.90 million for the quarter, compared to analyst estimates of $545.59 million. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that Party City Holdco will post $1.28 earnings per share for the current fiscal year.

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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