Party City Holdco (NYSE:PRTY) Downgraded by StockNews.com to Sell

Party City Holdco (NYSE:PRTYGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Separately, Zacks Investment Research upgraded shares of Party City Holdco from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd.

Shares of NYSE:PRTY opened at $1.40 on Thursday. The stock has a market capitalization of $157.49 million, a price-to-earnings ratio of -8.23 and a beta of 3.47. Party City Holdco has a 1-year low of $1.09 and a 1-year high of $11.06. The company has a debt-to-equity ratio of 23.32, a quick ratio of 0.45 and a current ratio of 1.13. The company has a 50 day moving average price of $3.36 and a 200 day moving average price of $4.86.

Party City Holdco (NYSE:PRTYGet Rating) last issued its earnings results on Monday, May 9th. The specialty retailer reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.10). Party City Holdco had a positive return on equity of 68.71% and a negative net margin of 0.89%. During the same quarter in the prior year, the firm earned ($0.05) EPS. On average, sell-side analysts expect that Party City Holdco will post 0.43 EPS for the current fiscal year.

In other news, major shareholder Clifford Sosin acquired 470,000 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The stock was purchased at an average price of $3.46 per share, with a total value of $1,626,200.00. Following the purchase, the insider now owns 20,001,623 shares of the company’s stock, valued at approximately $69,205,615.58. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.36% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd boosted its stake in shares of Party City Holdco by 25.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 14,531 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 2,944 shares during the period. Deutsche Bank AG boosted its stake in shares of Party City Holdco by 2.3% during the 4th quarter. Deutsche Bank AG now owns 159,565 shares of the specialty retailer’s stock valued at $889,000 after buying an additional 3,549 shares during the period. Advisor Group Holdings Inc. boosted its stake in shares of Party City Holdco by 20.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 23,490 shares of the specialty retailer’s stock valued at $71,000 after buying an additional 3,943 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of Party City Holdco during the 4th quarter valued at $27,000. Finally, Gemmer Asset Management LLC boosted its stake in shares of Party City Holdco by 221.6% during the 1st quarter. Gemmer Asset Management LLC now owns 7,719 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 5,319 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Party City Holdco Company Profile (Get Rating)

Party City Holdco Inc designs, manufactures, sources, and distributes party goods worldwide. The company operates through 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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