Shares of Party City Holdco Inc (NYSE:PRTY) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $5.25.

PRTY has been the topic of several research reports. Morgan Stanley dropped their price target on Party City Holdco from $3.00 to $1.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 17th. ValuEngine downgraded Party City Holdco from a “sell” rating to a “strong sell” rating in a report on Friday, March 13th. Telsey Advisory Group restated a “market perform” rating on shares of Party City Holdco in a research note on Monday, March 9th. Stephens cut Party City Holdco from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $8.00 to $2.00 in a research report on Friday, March 13th. Finally, Zacks Investment Research cut Party City Holdco from a “hold” rating to a “strong sell” rating in a research report on Friday, March 20th.

Shares of PRTY stock traded up $0.02 during trading hours on Tuesday, reaching $0.66. The company’s stock had a trading volume of 99,938 shares, compared to its average volume of 10,661,673. The stock has a market capitalization of $55.64 million, a P/E ratio of -0.12, a P/E/G ratio of 0.09 and a beta of 2.66. Party City Holdco has a one year low of $0.26 and a one year high of $8.53. The firm’s fifty day simple moving average is $0.48 and its 200 day simple moving average is $1.79. The company has a current ratio of 1.29, a quick ratio of 0.34 and a debt-to-equity ratio of 4.20.

Party City Holdco (NYSE:PRTY) last issued its quarterly earnings data on Thursday, March 12th. The specialty retailer reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.37). The business had revenue of $731.55 million during the quarter, compared to the consensus estimate of $751.80 million. Party City Holdco had a positive return on equity of 5.03% and a negative net margin of 22.67%. As a group, equities research analysts forecast that Party City Holdco will post 0.7 earnings per share for the current fiscal year.

In related news, major shareholder Clifford Sosin acquired 644,492 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were acquired at an average cost of $0.48 per share, for a total transaction of $309,356.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.47% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of PRTY. Morgan Stanley raised its holdings in shares of Party City Holdco by 136.3% in the first quarter. Morgan Stanley now owns 10,078,923 shares of the specialty retailer’s stock worth $4,618,000 after buying an additional 5,813,873 shares during the period. CAS Investment Partners LLC raised its holdings in shares of Party City Holdco by 131.8% in the fourth quarter. CAS Investment Partners LLC now owns 7,951,931 shares of the specialty retailer’s stock worth $18,608,000 after buying an additional 4,521,921 shares during the period. StepStone Group LP purchased a new stake in shares of Party City Holdco in the fourth quarter worth approximately $7,645,000. Thompson Investment Management Inc. increased its holdings in Party City Holdco by 185.5% during the 4th quarter. Thompson Investment Management Inc. now owns 2,417,657 shares of the specialty retailer’s stock worth $5,657,000 after purchasing an additional 1,570,737 shares during the period. Finally, Apollo Management Holdings L.P. purchased a new position in Party City Holdco during the 4th quarter worth $3,482,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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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Analyst Recommendations for Party City Holdco (NYSE:PRTY)

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