Party City Holdco Inc (NYSE:PRTY) Receives Average Recommendation of “Hold” from Analysts

Party City Holdco Inc (NYSE:PRTY) has received a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $4.25.

PRTY has been the topic of a number of research reports. Zacks Investment Research downgraded Party City Holdco from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Credit Suisse Group dropped their price objective on Party City Holdco from $5.00 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 10th. Finally, ValuEngine raised Party City Holdco from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th.

Institutional investors have recently made changes to their positions in the company. CAS Investment Partners LLC grew its holdings in shares of Party City Holdco by 34.1% during the first quarter. CAS Investment Partners LLC now owns 10,666,736 shares of the specialty retailer’s stock valued at $4,889,000 after buying an additional 2,714,805 shares in the last quarter. Morgan Stanley grew its holdings in shares of Party City Holdco by 136.3% during the first quarter. Morgan Stanley now owns 10,078,923 shares of the specialty retailer’s stock valued at $4,618,000 after buying an additional 5,813,873 shares in the last quarter. Thompson Investment Management Inc. grew its holdings in shares of Party City Holdco by 2.6% during the first quarter. Thompson Investment Management Inc. now owns 2,481,182 shares of the specialty retailer’s stock valued at $1,137,000 after buying an additional 63,525 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Party City Holdco by 16.6% during the first quarter. Two Sigma Investments LP now owns 1,880,588 shares of the specialty retailer’s stock valued at $862,000 after buying an additional 268,320 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Party City Holdco by 342.5% during the first quarter. Deutsche Bank AG now owns 1,764,241 shares of the specialty retailer’s stock valued at $808,000 after buying an additional 1,365,576 shares in the last quarter. 74.72% of the stock is currently owned by institutional investors.

Shares of PRTY traded down $0.10 during mid-day trading on Friday, hitting $1.64. The stock had a trading volume of 3,657,495 shares, compared to its average volume of 4,007,113. Party City Holdco has a fifty-two week low of $0.26 and a fifty-two week high of $7.37. The company has a market cap of $154.97 million, a PE ratio of -0.15 and a beta of 2.90. The company has a quick ratio of 0.44, a current ratio of 1.15 and a debt-to-equity ratio of 4.20. The company’s fifty day simple moving average is $1.50 and its two-hundred day simple moving average is $1.45.

Party City Holdco (NYSE:PRTY) last announced its earnings results on Friday, June 12th. The specialty retailer reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.12). The business had revenue of $414.04 million for the quarter, compared to the consensus estimate of $452.44 million. Party City Holdco had a negative net margin of 46.40% and a positive return on equity of 2.48%. Equities analysts expect that Party City Holdco will post -0.86 earnings per share for the current year.

About Party City Holdco

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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