Geode Capital Ups its Ownership of Party City

According to a recent Form 13F filing submitted to the SEC, Geode Capital Management, LLC disclosed a noteworthy and bullish investment in PRTY stock. Here’s what you need to know about Party City Holdco Inc., as well as Geode Capital Management and their long position in shares of PRTY stock:

About Geode Capital Management

Boston, Massachusetts-based Geode Capital Management is a systematic asset manager providing core beta exposures across a range of equity and niche asset classes. Geode was founded in 2001 and set out to create structured and repeatable investment strategies with the objective of providing efficient exposures to institutional investors.

About Party City Holdco Inc. (PRTY)

Party City Holdco Inc. designs, manufactures, sources, and distributes party goods worldwide. The company operates through two segments, Retail and Wholesale. It offers paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts, and stationery. As of February 28, 2022, the company operated approximately 830 specialty retail party supply stores, including franchise stores throughout North America under the Party City and Halloween City names, as well as e-commerce websites principally through the domain name PartyCity.com. It offers its products through company-owned stores, independent party supply stores, mass merchants, grocery retailers, e-commerce merchandisers, and dollar stores. The company was founded in 1947 and is headquartered in Elmsford, New York.

Geode Capital Buys Stock in PRTY

According to the most recent 13F filed by Geode Capital Management, Llc, the firm added 35,412 shares of PRTY stock to it holdings in the recent quarter. That brings their total long position in Party City Holdco to 1,884,921 shares, representing approximately 1.6634% of the 113,316,000 PRTY shares outstanding. Based on the most recent closing price of $1.01 per share of PRTY, the entire Geode Capital Management position in Party City is worth roughly $1,903,770.21.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Geode Capital Management. Also be sure to check out more recent 13F filing analysis news here.