Party City Holdco Inc. (NYSE:PRTY) CEO James M. Harrison Buys 65,000 Shares

Party City Holdco Inc. (NYSE:PRTY) CEO James M. Harrison acquired 65,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were purchased at an average cost of $14.50 per share, for a total transaction of $942,500.00. Following the completion of the transaction, the chief executive officer now owns 969 shares in the company, valued at approximately $14,050.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Party City Holdco Inc. (NYSE:PRTY) opened at 14.05 on Friday. The stock’s 50 day moving average is $14.66 and its 200 day moving average is $14.92. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 14.51 and a beta of 2.69. Party City Holdco Inc. has a 12-month low of $12.65 and a 12-month high of $18.82.

Party City Holdco (NYSE:PRTY) last released its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. Party City Holdco had a net margin of 4.97% and a return on equity of 13.97%. The firm had revenue of $544.90 million for the quarter, compared to the consensus estimate of $545.59 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts predict that Party City Holdco Inc. will post $1.28 earnings per share for the current fiscal year.

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Several analysts have weighed in on the company. Zacks Investment Research cut Party City Holdco from a “buy” rating to a “hold” rating in a research report on Saturday, May 13th. BidaskClub cut Party City Holdco from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. BMO Capital Markets set a $16.00 price objective on Party City Holdco and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, ValuEngine cut Party City Holdco from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.00.

A number of large investors have recently made changes to their positions in PRTY. TIAA CREF Investment Management LLC increased its stake in shares of Party City Holdco by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 70,088 shares of the specialty retailer’s stock valued at $1,097,000 after buying an additional 205 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Party City Holdco by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 97,405 shares of the specialty retailer’s stock valued at $1,525,000 after buying an additional 608 shares during the period. Pacad Investment Ltd. increased its stake in shares of Party City Holdco by 6.1% in the second quarter. Pacad Investment Ltd. now owns 12,100 shares of the specialty retailer’s stock valued at $189,000 after buying an additional 700 shares during the period. Legal & General Group Plc increased its stake in shares of Party City Holdco by 14.0% in the first quarter. Legal & General Group Plc now owns 7,190 shares of the specialty retailer’s stock valued at $101,000 after buying an additional 881 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Party City Holdco by 3.7% in the second quarter. The Manufacturers Life Insurance Company now owns 25,032 shares of the specialty retailer’s stock valued at $392,000 after buying an additional 894 shares during the period.

Party City Holdco Company Profile

Party City Holdco Inc is a holding company with no operating assets or operations. As of December 31, 2016, the Company owned PC Nextco Holdings, LLC (PC Nextco), which owned PC Intermediate Holdings, Inc (PC Intermediate). As of December 31, 2016, PC Intermediate owned Party City Holdings Inc (PCHI).

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