Party City Holdco Inc (PRTY): Does It Stack Up Against Its Peers?

Now, key money managers have been driving this bullishness. Welch Capital Partners established the largest position in Party City Holdco Inc (NYSE:PRTY). Mark Coe’s Coe Capital Management also initiated a $1.5 million position during the quarter. The following funds were also among the new PRTY investors: Michael Platt and William Reeves’ BlueCrest Capital Mgmt, Jim Simons’ Renaissance Technologies, and Neil Chriss’ Hutchin Hill Capital.

Let’s now review hedge fund activity in other stocks similar to Party City Holdco Inc (NYSE:PRTY). We will take a look at Synaptics, Incorporated (NASDAQ:SYNA), LTC Properties Inc (NYSE:LTC), HubSpot Inc (NYSE:HUBS), and Tetra Tech, Inc. (NASDAQ:TTEK). All of these stocks’ market caps match PRTY’s market cap.

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $107 million. That figure was $36 million in PRTY’s case. HubSpot Inc (NYSE:HUBS) is the most popular stock in this table. On the other hand LTC Properties Inc (NYSE:LTC) is the least popular one with only 5 bullish hedge fund positions. Party City Holdco Inc (NYSE:PRTY) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard HUBS might be a better candidate to consider taking a long position in.

Disclosure: None