News headlines about Party City Holdco (NYSE:PRTY) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Party City Holdco earned a news impact score of 0.14 on Accern’s scale. Accern also gave media coverage about the specialty retailer an impact score of 47.36294283306 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Gerald C. Rittenberg Sells 239,000 Shares of Party City Holdco Inc (PRTY) Stock (americanbankingnews.com)
- Party City Holdco (PRTY) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Technical news From Party City Holdco Inc. (PRTY) – Wall Street Morning (wallstreetmorning.com)
- Stock Highlights on Party City Holdco Inc (PRTY) – ExpertGazette (expertgazette.com)
- Hot Stock to Track: Party City Holdco Inc (NYSE: PRTY) – Alpha Beta Stock (alphabetastock.com)
Several research firms recently commented on PRTY. Zacks Investment Research lowered Party City Holdco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Telsey Advisory Group upped their price target on Party City Holdco from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Saturday, December 30th. ValuEngine upgraded Party City Holdco from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. BMO Capital Markets set a $18.00 price target on Party City Holdco and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Bank of America restated a “neutral” rating and set a $15.50 price target (up from $13.50) on shares of Party City Holdco in a research note on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.29.
Party City Holdco (NYSE:PRTY) last announced its quarterly earnings results on Friday, March 9th. The specialty retailer reported $0.80 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. The company had revenue of $789.60 million during the quarter, compared to analyst estimates of $781.30 million. Party City Holdco had a return on equity of 13.88% and a net margin of 9.08%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share. sell-side analysts anticipate that Party City Holdco will post 1.8 EPS for the current fiscal year.
In other news, major shareholder International Corp/Ma Advent sold 19,841,694 shares of the stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $12.20, for a total value of $242,068,666.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald C. Rittenberg sold 100,000 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $14.00, for a total value of $1,400,000.00. The disclosure for this sale can be found here. Insiders have sold 20,280,694 shares of company stock valued at $248,544,487 over the last 90 days. 5.02% of the stock is currently owned by insiders.
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Party City Holdco Company Profile
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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