BNP Paribas Arbitrage SA Takes Position in Party City Holdco Inc. (NYSE:PRTY)

BNP Paribas Arbitrage SA acquired a new stake in Party City Holdco Inc. (NYSE:PRTY) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,072 shares of the specialty retailer’s stock, valued at approximately $38,000.

Several other large investors have also made changes to their positions in PRTY. First Trust Advisors LP raised its stake in Party City Holdco by 5.3% during the 1st quarter. First Trust Advisors LP now owns 317,761 shares of the specialty retailer’s stock worth $2,523,000 after buying an additional 16,053 shares during the period. BlackRock Inc. raised its stake in Party City Holdco by 1.6% during the 1st quarter. BlackRock Inc. now owns 1,882,238 shares of the specialty retailer’s stock worth $10,917,000 after buying an additional 30,122 shares during the period. Russell Investments Group Ltd. acquired a new position in Party City Holdco during the 1st quarter worth approximately $930,000. Acadian Asset Management LLC acquired a new position in Party City Holdco during the 1st quarter worth approximately $208,000. Finally, UBS Group AG raised its stake in shares of Party City Holdco by 2,019.9% in the first quarter. UBS Group AG now owns 93,235 shares of the specialty retailer’s stock worth $541,000 after purchasing an additional 88,837 shares during the last quarter. 75.65% of the stock is currently owned by institutional investors.

Shares of NYSE PRTY opened at $7.44 on Thursday. Party City Holdco Inc. has a 1-year low of $1.67 and a 1-year high of $11.06. The stock has a fifty day simple moving average of $7.02 and a two-hundred day simple moving average of $7.80. The company has a current ratio of 1.29, a quick ratio of 0.53 and a debt-to-equity ratio of 12.61. The firm has a market cap of $832.63 million, a price-to-earnings ratio of 4.99 and a beta of 3.89.

Party City Holdco (NYSE:PRTY) last posted its quarterly earnings results on Thursday, August 5th. The specialty retailer reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.13. Party City Holdco had a return on equity of 71.82% and a net margin of 7.42%. The firm had revenue of $535.75 million during the quarter, compared to analyst estimates of $484.90 million. Analysts forecast that Party City Holdco Inc. will post 0.69 EPS for the current year.

In related news, Director Steven J. Collins purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, September 14th. The stock was purchased at an average cost of $6.56 per share, with a total value of $26,240.00. Following the completion of the acquisition, the director now directly owns 80,593 shares of the company’s stock, valued at $528,690.08. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.36% of the stock is owned by company insiders.

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

Party City Holdco 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.

Further Reading: Hold Rating

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

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