Rubric Capital Management Lowers stake in Party City Holdco Inc (PRTY)

Party City Holdco Inc (PRTY) : Rubric Capital Management reduced its stake in Party City Holdco Inc by 99.33% during the most recent quarter end. The investment management company now holds a total of 9,016 shares of Party City Holdco Inc which is valued at $147,412 after selling 1,340,984 shares in Party City Holdco Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Party City Holdco Inc makes up approximately 2.79% of Rubric Capital Management’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in PRTY in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 28,636 shares of Party City Holdco Inc which is valued at $440,994.Swiss National Bank reduced its stake in PRTY by selling 5,400 shares or 8.72% in the most recent quarter. The Hedge Fund company now holds 56,500 shares of PRTY which is valued at $870,100. Victory Capital Management Inc added PRTY to its portfolio by purchasing 1,676,069 company shares during the most recent quarter which is valued at $24,805,821. Party City Holdco Inc makes up approx 0.07% of Victory Capital Management Inc’s portfolio.American Century Companies Inc boosted its stake in PRTY in the latest quarter, The investment management firm added 381,048 additional shares and now holds a total of 453,280 shares of Party City Holdco Inc which is valued at $6,867,192. Party City Holdco Inc makes up approx 0.01% of American Century Companies Inc’s portfolio.

Party City Holdco Inc closed down -0.05 points or -0.29% at $17 with 2,26,363 shares getting traded on Monday. Post opening the session at $17.05, the shares hit an intraday low of $16.75 and an intraday high of $17.15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Party City Holdco Inc reported $0.12 EPS for the quarter, based on the information available during the earnings call on Nov 10, 2016. Analyst had a consensus estimate of $0.12. The company had revenue of $557.00 million for the quarter, compared to analysts expectations of $585.22 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Party City Holdco Inc. Party City Holdco Inc was Initiated by Goldman to “Neutral” on Oct 26, 2016.

Party City Holdco Inc. is a designer manufacturer and distributor of decorated party supplies. The Company operates in two segments: Retail and Wholesale. The Company through Retail segment engages in the sale of merchandise through party goods stores and online through its e-commerce Websites including www.PartyCity.com. The Company through Wholesale segment engages in the sale of Amscan Designware Anagram Costumes USA and other party supplies. Its tableware products include plastic plates paper plates plastic cups and paper cups among others. The Company’s favors stationery and other products include party favors gift bags gift wrap invitations bows and stationery. Its decorations products include latex balloons pinatas crepes and flags and banners among others. The Company’s metallic balloons products include bouquets standard 18 inch sing-a-tune supershapes and weights. Its Costumes and Accessories products include costumes other wearables and wigs.

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