Monarch Partners Asset Management LLC acquired a new position in Party City Holdco Inc. (NYSE:PRTY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 564,780 shares of the specialty retailer’s stock, valued at approximately $8,839,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC bought a new position in Party City Holdco during the first quarter valued at approximately $16,244,000. Rubric Capital Management LP bought a new position in Party City Holdco during the first quarter valued at approximately $9,343,000. Victory Capital Management Inc. boosted its position in Party City Holdco by 15.4% in the first quarter. Victory Capital Management Inc. now owns 3,222,061 shares of the specialty retailer’s stock valued at $45,270,000 after buying an additional 430,797 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Party City Holdco by 287.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 445,995 shares of the specialty retailer’s stock valued at $6,333,000 after buying an additional 330,996 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in Party City Holdco during the first quarter valued at approximately $3,623,000. 99.98% of the stock is currently owned by institutional investors and hedge funds.

Party City Holdco Inc. (PRTY) opened at 14.10 on Friday. The stock has a 50 day moving average of $14.90 and a 200 day moving average of $14.93. Party City Holdco Inc. has a 52 week low of $12.65 and a 52 week high of $19.10. The firm has a market cap of $1.69 billion, a PE ratio of 14.57 and a beta of 2.69.

Party City Holdco (NYSE:PRTY) last issued its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The business had revenue of $544.90 million for the quarter, compared to the consensus estimate of $545.59 million. Party City Holdco had a net margin of 4.97% and a return on equity of 13.97%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. Analysts anticipate that Party City Holdco Inc. will post $1.28 EPS for the current year.

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PRTY has been the topic of several research analyst reports. BidaskClub cut shares of Party City Holdco from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th. Zacks Investment Research cut shares of Party City Holdco from a “buy” rating to a “hold” rating in a research note on Saturday, May 13th. ValuEngine cut shares of Party City Holdco from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, BMO Capital Markets set a $16.00 target price on shares of Party City Holdco and gave the company a “hold” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.00.

In other news, CEO James M. Harrison acquired 65,000 shares of the company’s stock in a transaction on Friday, August 4th. The stock was purchased at an average cost of $14.50 per share, with a total value of $942,500.00. Following the acquisition, the chief executive officer now owns 969 shares of the company’s stock, valued at approximately $14,050.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald C. Rittenberg sold 70,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $14.68, for a total value of $1,027,600.00. The disclosure for this sale can be found here. 5.02% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Party City Holdco (NYSE:PRTY)

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