Swiss National Bank reduced its position in Party City Holdco Inc (NYSE:PRTY) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,000 shares of the specialty retailer’s stock after selling 2,300 shares during the period. Swiss National Bank owned about 0.11% of Party City Holdco worth $762,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PRTY. Dimensional Fund Advisors LP increased its position in Party City Holdco by 109.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,143,957 shares of the specialty retailer’s stock worth $11,418,000 after purchasing an additional 598,657 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Party City Holdco by 48.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 36,166 shares of the specialty retailer’s stock worth $287,000 after acquiring an additional 11,780 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Party City Holdco by 3.2% during the 1st quarter. Rhumbline Advisers now owns 80,521 shares of the specialty retailer’s stock worth $639,000 after acquiring an additional 2,475 shares in the last quarter. Corbyn Investment Management Inc. MD boosted its stake in shares of Party City Holdco by 12.8% during the 1st quarter. Corbyn Investment Management Inc. MD now owns 468,684 shares of the specialty retailer’s stock worth $3,721,000 after acquiring an additional 53,274 shares in the last quarter. Finally, LSV Asset Management boosted its stake in shares of Party City Holdco by 70.9% during the 1st quarter. LSV Asset Management now owns 128,000 shares of the specialty retailer’s stock worth $1,016,000 after acquiring an additional 53,123 shares in the last quarter.

NYSE:PRTY traded down $0.05 during mid-day trading on Friday, hitting $6.14. 16,556 shares of the company’s stock traded hands, compared to its average volume of 2,009,787. The firm has a 50 day moving average of $5.23 and a two-hundred day moving average of $7.24. Party City Holdco Inc has a 12 month low of $4.07 and a 12 month high of $15.60. The firm has a market capitalization of $567.57 million, a price-to-earnings ratio of 3.86, a price-to-earnings-growth ratio of 0.32 and a beta of 1.38. The company has a current ratio of 1.23, a quick ratio of 0.30 and a debt-to-equity ratio of 2.21.

Party City Holdco (NYSE:PRTY) last announced its earnings results on Thursday, August 8th. The specialty retailer reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.16). Party City Holdco had a net margin of 4.67% and a return on equity of 12.73%. The business had revenue of $563.90 million for the quarter, compared to the consensus estimate of $572.14 million. During the same quarter in the previous year, the company earned $0.40 EPS. Party City Holdco’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities research analysts expect that Party City Holdco Inc will post 1.28 earnings per share for the current year.

In other news, CEO James M. Harrison acquired 125,000 shares of Party City Holdco stock in a transaction on Monday, August 12th. The stock was bought at an average price of $4.53 per share, for a total transaction of $566,250.00. Following the transaction, the chief executive officer now owns 114,074 shares of the company’s stock, valued at $516,755.22. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael A. Correale acquired 24,300 shares of Party City Holdco stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $4.13 per share, with a total value of $100,359.00. Following the transaction, the chief financial officer now directly owns 114,481 shares in the company, valued at approximately $472,806.53. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 153,855 shares of company stock valued at $686,514. 6.47% of the stock is owned by corporate insiders.

PRTY has been the subject of several recent analyst reports. Goldman Sachs Group upgraded Party City Holdco from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $10.00 to $8.00 in a research note on Wednesday, July 24th. Bank of America set a $10.00 price target on Party City Holdco and gave the stock a “buy” rating in a research note on Friday, August 23rd. Zacks Investment Research downgraded Party City Holdco from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. decreased their target price on Party City Holdco from $11.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, Morgan Stanley decreased their target price on Party City Holdco from $13.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, August 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Party City Holdco currently has an average rating of “Hold” and a consensus price target of $10.92.

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, novelties, gifts, and stationery.

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

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