Peregrine Capital Management LLC lifted its holdings in Party City Holdco Inc (NYSE:PRTY) by 29.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,350,928 shares of the specialty retailer’s stock after acquiring an additional 307,449 shares during the period. Peregrine Capital Management LLC owned 1.40% of Party City Holdco worth $18,305,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PRTY. Laurion Capital Management LP bought a new position in shares of Party City Holdco in the second quarter worth about $27,562,000. Copper Rock Capital Partners LLC bought a new position in Party City Holdco during the second quarter valued at approximately $23,487,000. Jennison Associates LLC boosted its stake in Party City Holdco by 56.7% during the second quarter. Jennison Associates LLC now owns 3,484,921 shares of the specialty retailer’s stock valued at $53,145,000 after buying an additional 1,261,206 shares during the last quarter. Millennium Management LLC boosted its stake in Party City Holdco by 368.0% during the first quarter. Millennium Management LLC now owns 1,060,473 shares of the specialty retailer’s stock valued at $16,543,000 after buying an additional 833,855 shares during the last quarter. Finally, Hodges Capital Management Inc. bought a new position in Party City Holdco during the second quarter valued at approximately $9,023,000.

PRTY has been the subject of a number of research reports. Zacks Investment Research raised Party City Holdco from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. ValuEngine lowered Party City Holdco from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Morgan Stanley dropped their price target on Party City Holdco from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, October 11th. JPMorgan Chase & Co. set a $19.00 price target on Party City Holdco and gave the company a “buy” rating in a research note on Monday, October 1st. Finally, TheStreet lowered Party City Holdco from a “b-” rating to a “c” rating in a research note on Thursday, October 11th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $19.33.

In other news, major shareholder H. Lee Equity Fund Vi Thomas sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $15.50, for a total value of $155,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald C. Rittenberg sold 50,000 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $14.08, for a total value of $704,000.00. Following the completion of the sale, the director now directly owns 3,800 shares of the company’s stock, valued at $53,504. The disclosure for this sale can be found here. 6.47% of the stock is owned by company insiders.

Shares of Party City Holdco stock opened at $11.12 on Friday. Party City Holdco Inc has a 12 month low of $9.50 and a 12 month high of $16.95. The company has a market cap of $1.11 billion, a P/E ratio of 8.23, a PEG ratio of 0.29 and a beta of 2.07. 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 (NYSE:PRTY) last announced its quarterly earnings results on Thursday, August 9th. The specialty retailer reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $561.00 million during the quarter, compared to analyst estimates of $560.95 million. Party City Holdco had a return on equity of 15.36% and a net margin of 9.20%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. Research analysts predict that Party City Holdco Inc will post 1.83 earnings per share for the current year.

Party City Holdco Company Profile

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.

Further Reading: Ex-Dividend

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

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