Jane Street Group LLC Buys 374,499 Shares of Party City Holdco Inc (PRTY)
Jane Street Group LLC boosted its stake in Party City Holdco Inc (NYSE:PRTY) by 8,652.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 370,171 shares of the specialty retailer’s stock after purchasing an additional 374,499 shares during the period. Jane Street Group LLC owned about 0.38% of Party City Holdco worth $5,645,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in Party City Holdco by 300.1% in the first quarter. Royal Bank of Canada now owns 6,554 shares of the specialty retailer’s stock valued at $101,000 after purchasing an additional 4,916 shares during the period. Mount Yale Investment Advisors LLC acquired a new stake in Party City Holdco in the first quarter valued at $145,000. Gargoyle Investment Advisor L.L.C. acquired a new stake in Party City Holdco in the first quarter valued at $156,000. NumerixS Investment Technologies Inc acquired a new stake in Party City Holdco in the second quarter valued at $183,000. Finally, BlueMountain Capital Management LLC acquired a new stake in Party City Holdco in the second quarter valued at $203,000.
Shares of Party City Holdco stock opened at $14.30 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.27 and a quick ratio of 0.36. Party City Holdco Inc has a 1-year low of $9.50 and a 1-year high of $16.95. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 0.37 and a beta of 2.05.
PRTY has been the subject of a number of recent research reports. Zacks Investment Research downgraded Party City Holdco from a “hold” rating to a “sell” rating in a report on Friday, July 27th. ValuEngine upgraded Party City Holdco from a “sell” rating to a “hold” rating in a report on Friday, July 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.29.
In other news, Director Gerald C. Rittenberg sold 196,457 shares of the firm’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $16.00, for a total value of $3,143,312.00. Following the completion of the sale, the director now directly owns 8,169 shares in the company, valued at approximately $130,704. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder H. Lee Equity Fund Vi Thomas sold 10,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $15.50, for a total value of $155,000,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,246,457 shares of company stock valued at $158,847,312. Company insiders own 6.47% of the company’s stock.
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 and novelties, stationery, and decorations.
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