Dynamic Technology Lab Private Ltd Invests $171,000 in Party City Holdco Inc. (PRTY)

Dynamic Technology Lab Private Ltd bought a new position in Party City Holdco Inc. (NYSE:PRTY) during the first quarter, Holdings Channel reports. The institutional investor bought 12,177 shares of the specialty retailer’s stock, valued at approximately $171,000.

A number of other large investors also recently bought and sold shares of the company. Mesirow Financial Investment Management Equity Management increased its stake in Party City Holdco by 0.7% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 1,040,319 shares of the specialty retailer’s stock worth $14,619,000 after buying an additional 7,145 shares during the period. Gilman Hill Asset Management LLC bought a new stake in Party City Holdco during the first quarter worth approximately $419,000. Rice Hall James & Associates LLC bought a new stake in Party City Holdco during the first quarter worth approximately $16,244,000. Peregrine Capital Management LLC increased its stake in Party City Holdco by 19.7% in the first quarter. Peregrine Capital Management LLC now owns 1,355,803 shares of the specialty retailer’s stock worth $19,524,000 after buying an additional 223,016 shares during the period. Finally, Highbridge Capital Management LLC increased its stake in Party City Holdco by 380.9% in the fourth quarter. Highbridge Capital Management LLC now owns 11,518 shares of the specialty retailer’s stock worth $163,000 after buying an additional 15,618 shares during the period.

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

Party City Holdco Inc. (NYSE:PRTY) traded down 1.60% on Tuesday, hitting $15.35. 5,411 shares of the company were exchanged. The firm’s 50 day moving average is $15.91 and its 200 day moving average is $14.98. Party City Holdco Inc. has a 52 week low of $12.48 and a 52 week high of $19.10. The company has a market capitalization of $1.83 billion, a P/E ratio of 16.28 and a beta of 2.76.

Party City Holdco (NYSE:PRTY) last released its quarterly earnings results on Tuesday, May 9th. The specialty retailer reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $477 million for the quarter, compared to analyst estimates of $476.91 million. Party City Holdco had a net margin of 4.92% and a return on equity of 13.81%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.04 earnings per share. On average, equities research analysts forecast that Party City Holdco Inc. will post $1.27 earnings per share for the current fiscal year.

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Several brokerages have recently weighed in on PRTY. Zacks Investment Research upgraded shares of Party City Holdco from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, May 10th. BidaskClub cut shares of Party City Holdco from a “hold” rating to a “sell” rating in a research note on Saturday. TheStreet upgraded shares of Party City Holdco from a “d+” rating to a “c-” rating in a research note on Tuesday, April 11th. Credit Suisse Group set a $19.00 price target on shares of Party City Holdco and gave the stock a “buy” rating in a research note on Monday, March 13th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $16.00 price target (down previously from $18.00) on shares of Party City Holdco in a research note on Wednesday, March 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.86.

About Party City Holdco

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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