Party City Holdco Inc (NYSE:PRTY) CEO James M. Harrison bought 125,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were bought at an average price of $4.53 per share, with a total value of $566,250.00. Following the completion of the purchase, the chief executive officer now owns 114,074 shares in the company, valued at approximately $516,755.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSE:PRTY traded down $0.07 during midday trading on Tuesday, hitting $4.31. The company had a trading volume of 3,462,221 shares, compared to its average volume of 1,748,658. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.28 and a current ratio of 1.16. The firm has a market cap of $444.57 million, a P/E ratio of 2.71, a price-to-earnings-growth ratio of 0.19 and a beta of 1.30. Party City Holdco Inc has a 12-month low of $4.26 and a 12-month high of $15.75. The business has a fifty day simple moving average of $6.34.

Party City Holdco (NYSE:PRTY) last posted its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.22 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.16). The company had revenue of $563.90 million during the quarter, compared to analysts’ expectations of $572.14 million. Party City Holdco had a return on equity of 12.88% and a net margin of 4.67%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. On average, equities analysts expect that Party City Holdco Inc will post 1.7 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its stake in Party City Holdco by 67.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,537 shares of the specialty retailer’s stock worth $25,000 after buying an additional 1,024 shares in the last quarter. Bank of Montreal Can purchased a new stake in Party City Holdco in the 2nd quarter worth $42,000. Investors Research Corp purchased a new stake in Party City Holdco in the 1st quarter worth $71,000. Legal & General Group Plc increased its stake in Party City Holdco by 14.7% in the 4th quarter. Legal & General Group Plc now owns 9,991 shares of the specialty retailer’s stock worth $100,000 after buying an additional 1,284 shares in the last quarter. Finally, Hodges Capital Management Inc. purchased a new stake in Party City Holdco in the 1st quarter worth $79,000.

PRTY has been the subject of several analyst reports. Zacks Investment Research lowered Party City Holdco from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Goldman Sachs Group upgraded Party City Holdco from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $10.00 to $8.00 in a research note on Wednesday, July 24th. Bank of America reduced their price objective on Party City Holdco from $14.50 to $10.00 and set a “buy” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on Party City Holdco from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Party City Holdco presently has an average rating of “Hold” and an average price target of $12.03.

About Party City Holdco

Party City Holdco Inc, through its subsidiaries, designs, manufactures, sources, and distributes party supplies in the United States and internationally. The company operates in two segments, Retail and Wholesale. It offers paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts, and stationery.

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Insider Buying and Selling by Quarter for Party City Holdco (NYSE:PRTY)

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