Sapience Investments LLC increased its stake in Party City Holdco Inc (NYSE:PRTY) by 35.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,409,200 shares of the specialty retailer’s stock after purchasing an additional 368,050 shares during the period. Party City Holdco accounts for 2.7% of Sapience Investments LLC’s portfolio, making the stock its 8th largest holding. Sapience Investments LLC owned about 1.18% of Party City Holdco worth $19,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of PRTY. ZWJ Investment Counsel Inc. acquired a new stake in Party City Holdco during the 4th quarter worth $167,000. Stone Ridge Asset Management LLC acquired a new position in shares of Party City Holdco in the 4th quarter valued at $168,000. Voya Investment Management LLC acquired a new position in shares of Party City Holdco in the 2nd quarter valued at $202,000. SG Americas Securities LLC acquired a new position in shares of Party City Holdco in the 3rd quarter valued at $176,000. Finally, Jefferies Group LLC acquired a new position in shares of Party City Holdco in the 4th quarter valued at $229,000. Hedge funds and other institutional investors own 83.62% of the company’s stock.
Shares of Party City Holdco Inc (NYSE PRTY) opened at $15.65 on Monday. The company has a market cap of $1,867.39, a price-to-earnings ratio of 12.62, a P/E/G ratio of 0.40 and a beta of 2.37. Party City Holdco Inc has a 52-week low of $9.50 and a 52-week high of $17.05. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.64 and a quick ratio of 0.51.
In other Party City Holdco news, Director Gerald C. Rittenberg sold 50,000 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $14.00, for a total transaction of $700,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder International Corp/Ma Advent sold 19,841,694 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $12.20, for a total transaction of $242,068,666.80. The disclosure for this sale can be found here. Insiders sold a total of 20,041,694 shares of company stock worth $244,868,667 over the last ninety days. 5.02% of the stock is currently owned by insiders.
Several equities analysts have recently issued reports on the stock. Stephens reissued a “buy” rating and issued a $23.00 price target on shares of Party City Holdco in a report on Tuesday, March 6th. ValuEngine lowered shares of Party City Holdco from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Bank of America set a $16.00 price target on shares of Party City Holdco and gave the company a “hold” rating in a report on Thursday, December 28th. Telsey Advisory Group reissued an “outperform” rating and issued a $19.00 price target (up previously from $17.00) on shares of Party City Holdco in a report on Thursday, January 11th. Finally, Zacks Investment Research raised shares of Party City Holdco from a “sell” rating to a “hold” rating in a report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $17.25.
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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