Campbell & CO Investment Adviser LLC Takes Position in Party City Holdco Inc (NYSE:PRTY)

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Campbell & CO Investment Adviser LLC bought a new position in Party City Holdco Inc (NYSE:PRTY) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 19,515 shares of the specialty retailer’s stock, valued at approximately $155,000.

A number of other hedge funds have also recently modified their holdings of the stock. Elk Creek Partners LLC boosted its holdings in Party City Holdco by 9.1% in the 1st quarter. Elk Creek Partners LLC now owns 1,030,909 shares of the specialty retailer’s stock worth $8,185,000 after buying an additional 86,215 shares during the last quarter. Factorial Partners LLC boosted its holdings in Party City Holdco by 131.3% in the 1st quarter. Factorial Partners LLC now owns 37,000 shares of the specialty retailer’s stock worth $294,000 after buying an additional 21,000 shares during the last quarter. Swiss National Bank boosted its holdings in Party City Holdco by 3.1% in the 1st quarter. Swiss National Bank now owns 106,300 shares of the specialty retailer’s stock worth $844,000 after buying an additional 3,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Party City Holdco by 113.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,444,441 shares of the specialty retailer’s stock worth $19,411,000 after buying an additional 1,300,484 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Party City Holdco by 47.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 77,015 shares of the specialty retailer’s stock worth $611,000 after buying an additional 24,886 shares during the last quarter.

PRTY has been the topic of several recent research reports. ValuEngine upgraded Party City Holdco from a “strong sell” rating to a “sell” rating in a report on Thursday, February 28th. JPMorgan Chase & Co. cut Party City Holdco from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $14.00 to $12.00 in a report on Friday, March 1st. Telsey Advisory Group restated an “outperform” rating and set a $14.00 target price (down from $15.00) on shares of Party City Holdco in a report on Friday, March 1st. Finally, Zacks Investment Research upgraded Party City Holdco from a “sell” rating to a “hold” rating in a report on Saturday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $13.46.

Shares of Party City Holdco stock opened at $7.27 on Thursday. The company has a market cap of $700.61 million, a PE ratio of 4.76, a P/E/G ratio of 0.30 and a beta of 1.45. Party City Holdco Inc has a 1-year low of $6.28 and a 1-year high of $16.95. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.28 and a current ratio of 1.16.

Party City Holdco (NYSE:PRTY) last announced its earnings results on Thursday, May 9th. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $513.12 million for the quarter, compared to analyst estimates of $522.59 million. Party City Holdco had a return on equity of 14.84% and a net margin of 3.87%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 earnings per share. As a group, analysts expect that Party City Holdco Inc will post 1.67 earnings per share for the current fiscal year.

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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.

Read More: Average Daily Trade Volume – What It Means In Stock Trading

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

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