Geode Capital Management LLC Purchases 95,645 Shares of Party City Holdco Inc (PRTY)

Geode Capital Management LLC raised its position in Party City Holdco Inc (NYSE:PRTY) by 19.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 590,834 shares of the specialty retailer’s stock after acquiring an additional 95,645 shares during the period. Geode Capital Management LLC owned about 0.61% of Party City Holdco worth $5,895,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PRTY. Sapience Investments LLC boosted its position in Party City Holdco by 55.9% in the 4th quarter. Sapience Investments LLC now owns 621,350 shares of the specialty retailer’s stock valued at $6,201,000 after buying an additional 222,670 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Party City Holdco by 109.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,143,957 shares of the specialty retailer’s stock valued at $11,418,000 after buying an additional 598,657 shares during the last quarter. United Services Automobile Association boosted its position in Party City Holdco by 17.4% in the 4th quarter. United Services Automobile Association now owns 16,024 shares of the specialty retailer’s stock valued at $160,000 after buying an additional 2,370 shares during the last quarter. Hsbc Holdings PLC boosted its position in Party City Holdco by 48.7% in the 4th quarter. Hsbc Holdings PLC now owns 40,262 shares of the specialty retailer’s stock valued at $402,000 after buying an additional 13,192 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Party City Holdco in the 4th quarter valued at $450,000.

NYSE:PRTY opened at $8.15 on Friday. Party City Holdco Inc has a 12-month low of $7.56 and a 12-month high of $16.95. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.38 and a current ratio of 1.44. The firm has a market capitalization of $764.39 million, a PE ratio of 5.13, a P/E/G ratio of 0.24 and a beta of 1.96.

Party City Holdco (NYSE:PRTY) last posted its quarterly earnings results on Thursday, February 28th. The specialty retailer reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.01). Party City Holdco had a return on equity of 15.63% and a net margin of 5.08%. Analysts forecast that Party City Holdco Inc will post 1.65 EPS for the current fiscal year.

A number of research analysts have commented on PRTY shares. Zacks Investment Research upgraded Party City Holdco from a “sell” rating to a “hold” rating in a research report on Saturday, March 2nd. JPMorgan Chase & Co. lowered Party City Holdco from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $14.00 to $12.00 in a research report on Friday, March 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $14.00 price objective (down from $15.00) on shares of Party City Holdco in a research report on Friday, March 1st. Finally, ValuEngine upgraded Party City Holdco from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.17.

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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.

Further Reading: Convertible Shares

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

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