Party City Holdco Inc (NYSE:PRTY) Director Gerald C. Rittenberg sold 239,000 shares of Party City Holdco stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $15.38, for a total transaction of $3,675,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Party City Holdco Inc (NYSE:PRTY) remained flat at $$15.35 during trading hours on Wednesday. 961,645 shares of the company’s stock were exchanged, compared to its average volume of 828,343. Party City Holdco Inc has a 1 year low of $9.50 and a 1 year high of $17.05. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.51 and a current ratio of 1.64. The stock has a market capitalization of $1,830.00 and a PE ratio of 14.62.
Party City Holdco (NYSE:PRTY) last posted its quarterly earnings data on Friday, March 9th. The specialty retailer reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. Party City Holdco had a net margin of 9.08% and a return on equity of 13.88%. The firm had revenue of $789.60 million for the quarter, compared to analyst estimates of $781.30 million. During the same period last year, the firm posted $0.76 EPS. Party City Holdco’s quarterly revenue was up 5.4% on a year-over-year basis. equities analysts forecast that Party City Holdco Inc will post 1.8 EPS for the current year.
A number of large investors have recently bought and sold shares of PRTY. Neuberger Berman Group LLC grew its position in Party City Holdco by 36.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 3,324,866 shares of the specialty retailer’s stock valued at $45,052,000 after buying an additional 890,188 shares during the last quarter. Shellback Capital LP purchased a new position in Party City Holdco in the 4th quarter valued at $10,672,000. Bamco Inc. NY grew its position in Party City Holdco by 20.7% in the 4th quarter. Bamco Inc. NY now owns 3,095,000 shares of the specialty retailer’s stock valued at $43,175,000 after buying an additional 530,000 shares during the last quarter. Rubric Capital Management LP grew its position in Party City Holdco by 100.0% in the 3rd quarter. Rubric Capital Management LP now owns 782,135 shares of the specialty retailer’s stock valued at $10,598,000 after buying an additional 390,970 shares during the last quarter. Finally, Sapience Investments LLC grew its position in Party City Holdco by 35.4% in the 4th quarter. Sapience Investments LLC now owns 1,409,200 shares of the specialty retailer’s stock valued at $19,658,000 after buying an additional 368,050 shares during the last quarter. Hedge funds and other institutional investors own 83.62% of the company’s stock.
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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