Somewhat Positive Press Coverage Somewhat Unlikely to Impact Party City Holdco (PRTY) Share Price

News stories about Party City Holdco (NYSE:PRTY) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Party City Holdco earned a news impact score of 0.17 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 45.8362251100546 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Party City Holdco (PRTY) opened at $15.80 on Wednesday. Party City Holdco has a twelve month low of $9.50 and a twelve month high of $17.05. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.64 and a quick ratio of 0.51. The firm has a market capitalization of $1,890.00 and a P/E ratio of 16.46.

Party City Holdco (NYSE:PRTY) last issued its quarterly earnings results on Thursday, November 9th. The specialty retailer reported $0.13 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.13. Party City Holdco had a return on equity of 13.74% and a net margin of 4.96%. The business had revenue of $560.11 million during the quarter, compared to the consensus estimate of $587.74 million. During the same period in the previous year, the business earned $0.12 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. sell-side analysts predict that Party City Holdco will post 1.21 earnings per share for the current fiscal year.

Party City Holdco announced that its Board of Directors has authorized a share buyback plan on Thursday, November 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Several equities research analysts have issued reports on the company. BMO Capital Markets set a $18.00 price objective on Party City Holdco and gave the stock a “buy” rating in a report on Thursday, January 11th. Telsey Advisory Group restated an “outperform” rating and set a $19.00 price objective (up from $17.00) on shares of Party City Holdco in a report on Thursday, January 11th. ValuEngine upgraded Party City Holdco from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Bank of America set a $16.00 price objective on Party City Holdco and gave the stock a “hold” rating in a report on Thursday, December 28th. Finally, Zacks Investment Research upgraded Party City Holdco from a “sell” rating to a “hold” rating in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.43.

In related news, major shareholder International Corp/Ma Advent sold 19,841,694 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $12.20, for a total transaction of $242,068,666.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald C. Rittenberg sold 100,000 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was 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 sold a total of 22,642,979 shares of company stock valued at $277,826,948 over the last quarter. Company insiders own 5.02% of the company’s stock.

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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).

Insider Buying and Selling by Quarter for Party City Holdco (NYSE:PRTY)

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