Party City Holdco Inc. (NYSE:PRTY) Director Jefferson M. Case sold 42,979 shares of the company’s 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 filing with the Securities & Exchange Commission, which is accessible through this link.

Party City Holdco Inc. (NYSE PRTY) traded up $0.40 on Wednesday, hitting $12.65. 814,600 shares of the company were exchanged, compared to its average volume of 505,743. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.51 and a current ratio of 1.64. Party City Holdco Inc. has a 1-year low of $9.50 and a 1-year high of $17.05. The company has a market cap of $1,461.69, a PE ratio of 10.29, a P/E/G ratio of 1.02 and a beta of 2.71.

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

Party City Holdco declared that its board has initiated a share buyback program on Thursday, November 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

A number of research firms recently commented on PRTY. ValuEngine upgraded shares of Party City Holdco from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Morgan Stanley lowered their price objective on shares of Party City Holdco from $15.50 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 14th. J P Morgan Chase & Co began coverage on shares of Party City Holdco in a research report on Monday, November 13th. They issued an “overweight” rating and a $14.00 price objective for the company. Zacks Investment Research cut shares of Party City Holdco from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Finally, BMO Capital Markets upgraded shares of Party City Holdco from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $11.20 to $16.00 in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.60.

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

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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).

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