Shares of Party City Holdco Inc (NYSE:PRTY) hit a new 52-week low during trading on Tuesday . The company traded as low as $8.22 and last traded at $8.42, with a volume of 71525 shares changing hands. The stock had previously closed at $8.56.

A number of brokerages have commented on PRTY. ValuEngine cut shares of Party City Holdco from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 20th. Zacks Investment Research upgraded shares of Party City Holdco from a “sell” rating to a “hold” rating in a research report on Saturday, March 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $14.00 price target (down from $15.00) on shares of Party City Holdco in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. lowered shares of Party City Holdco from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $14.00 to $12.00 in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.00.

The stock has a market capitalization of $801.73 million, a price-to-earnings ratio of 5.35, a P/E/G ratio of 0.26 and a beta of 2.01. The company has a current ratio of 1.44, a quick ratio of 0.38 and a debt-to-equity ratio of 1.55.

Party City Holdco (NYSE:PRTY) last posted its quarterly earnings results on Thursday, February 28th. The specialty retailer reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.01). Party City Holdco had a return on equity of 15.63% and a net margin of 5.08%. Equities analysts expect that Party City Holdco Inc will post 1.65 EPS for the current fiscal year.

In related news, Director Gerald C. Rittenberg sold 50,000 shares of the company’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $14.08, for a total transaction of $704,000.00. Following the completion of the transaction, the director now owns 3,800 shares in the company, valued at $53,504. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.47% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its position in Party City Holdco by 67.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,537 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 1,024 shares during the last quarter. Gs Investments Inc. lifted its position in Party City Holdco by 15.4% during the fourth quarter. Gs Investments Inc. now owns 7,500 shares of the specialty retailer’s stock valued at $75,000 after purchasing an additional 1,000 shares during the last quarter. Legal & General Group Plc lifted its position in Party City Holdco by 67.1% during the third quarter. Legal & General Group Plc now owns 8,707 shares of the specialty retailer’s stock valued at $118,000 after purchasing an additional 3,497 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Party City Holdco during the third quarter valued at $119,000. Finally, Commonwealth Bank of Australia bought a new position in Party City Holdco during the third quarter valued at $130,000.

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About Party City Holdco (NYSE:PRTY)

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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