Dimensional Fund Advisors LP Increases Holdings in Party City Holdco Inc (PRTY)
Dimensional Fund Advisors LP raised its stake in Party City Holdco Inc (NYSE:PRTY) by 109.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,143,957 shares of the specialty retailer’s stock after buying an additional 598,657 shares during the quarter. Dimensional Fund Advisors LP owned about 1.18% of Party City Holdco worth $11,418,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Gs Investments Inc. raised its holdings in shares of Party City Holdco by 15.4% in 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. CWM Advisors LLC acquired a new stake in shares of Party City Holdco in the fourth quarter valued at approximately $102,000. Keybank National Association OH acquired a new stake in shares of Party City Holdco in the fourth quarter valued at approximately $104,000. Legal & General Group Plc raised its holdings in shares of Party City Holdco by 67.1% in 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. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Party City Holdco by 1,963.1% in the third quarter. Tower Research Capital LLC TRC now owns 10,171 shares of the specialty retailer’s stock valued at $138,000 after purchasing an additional 9,678 shares during the last quarter.
PRTY has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Party City Holdco from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. ValuEngine upgraded shares of Party City Holdco from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 9th. JPMorgan Chase & Co. downgraded shares of Party City Holdco from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $12.00 in a report on Friday, March 1st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $14.00 price objective (down from $15.00) on shares of Party City Holdco in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $14.17.
Party City Holdco (NYSE:PRTY) last issued its 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%. On average, analysts predict that Party City Holdco Inc will post 1.65 earnings per share for the current year.
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Party City Holdco 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, novelties, gifts, and stationery.
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