Welch Capital Partnersny buys $10,424,538 stake in Party City Holdco Inc (PRTY)

Party City Holdco Inc (PRTY) : Welch Capital Partnersny scooped up 81,873 additional shares in Party City Holdco Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 566,551 shares of Party City Holdco Inc which is valued at $10,424,538.Party City Holdco Inc makes up approximately 3.56% of Welch Capital Partnersny’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in PRTY in the latest quarter, The investment management firm added 512 additional shares and now holds a total of 4,156 shares of Party City Holdco Inc which is valued at $74,559.Jennison Associates boosted its stake in PRTY in the latest quarter, The investment management firm added 30,755 additional shares and now holds a total of 1,653,003 shares of Party City Holdco Inc which is valued at $27,010,069. Party City Holdco Inc makes up approx 0.03% of Jennison Associates’s portfolio.California State Teachers Retirement System boosted its stake in PRTY in the latest quarter, The investment management firm added 3,231 additional shares and now holds a total of 56,486 shares of Party City Holdco Inc which is valued at $922,981.Emerald Mutual Fund Advisers Trust boosted its stake in PRTY in the latest quarter, The investment management firm added 4,767 additional shares and now holds a total of 26,848 shares of Party City Holdco Inc which is valued at $430,105. Party City Holdco Inc makes up approx 0.02% of Emerald Mutual Fund Advisers Trust’s portfolio.

Party City Holdco Inc closed down -0.21 points or -1.11% at $18.63 with 2,48,972 shares getting traded on Wednesday. Post opening the session at $18.75, the shares hit an intraday low of $18.44 and an intraday high of $18.77 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Party City Holdco Inc reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.19. The company had revenue of $519.40 million for the quarter, compared to analysts expectations of $518.04 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Party City Holdco Inc. Company shares were Reiterated by Telsey Advisory Group on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 20 from a previous price target of $18 .Company shares were Reiterated by Telsey Advisory Group on Jul 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .Company shares were Reiterated by Telsey Advisory Group on May 12, 2016 to “Outperform”, Firm has raised the Price Target to $ 16 from a previous price target of $15 .

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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