Party City Holdco Inc. (NYSE:PRTY) Director Purchases $26,240.00 in Stock

Party City Holdco Inc. (NYSE:PRTY) Director Steven J. Collins acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 14th. The stock was acquired at an average price of $6.56 per share, with a total value of $26,240.00. Following the completion of the transaction, the director now directly owns 80,593 shares in the company, valued at approximately $528,690.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE PRTY traded down $0.04 during trading hours on Thursday, hitting $6.85. The company had a trading volume of 1,115,605 shares, compared to its average volume of 2,807,426. The stock has a market capitalization of $766.60 million, a P/E ratio of 4.60 and a beta of 3.89. The company has a quick ratio of 0.53, a current ratio of 1.29 and a debt-to-equity ratio of 12.61. Party City Holdco Inc. has a 1-year low of $1.67 and a 1-year high of $11.06. The firm’s 50 day moving average is $7.48 and its 200-day moving average is $7.72.

Party City Holdco (NYSE:PRTY) last released its quarterly earnings data on Thursday, August 5th. The specialty retailer reported $0.29 EPS for the quarter, beating the consensus estimate of $0.16 by $0.13. The company had revenue of $535.75 million during the quarter, compared to the consensus estimate of $484.90 million. Party City Holdco had a return on equity of 71.82% and a net margin of 7.42%. On average, sell-side analysts predict that Party City Holdco Inc. will post 0.69 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Party City Holdco in the 1st quarter valued at approximately $25,000. BNP Paribas Arbitrage SA acquired a new stake in shares of Party City Holdco in the 2nd quarter valued at approximately $38,000. Advisory Services Network LLC acquired a new stake in shares of Party City Holdco in the 2nd quarter valued at approximately $44,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Party City Holdco in the 2nd quarter valued at approximately $81,000. Finally, Gotham Asset Management LLC bought a new stake in Party City Holdco in the 1st quarter valued at $95,000. 75.65% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on PRTY shares. Telsey Advisory Group reduced their price target on Party City Holdco from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, August 6th. Zacks Investment Research raised Party City Holdco from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research report on Tuesday, August 10th. Finally, TheStreet raised Party City Holdco from a “d” rating to a “c” rating in a research report on Tuesday, August 24th.

Party City Holdco Company Profile

Party City Holdco, Inc engages in the supply of decorated party goods. It operates through the following segments: Wholesale and Retail. The Wholesale segment designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties and stationery throughout the world.

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Insider Buying and Selling by Quarter for Party City Holdco (NYSE:PRTY)

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