Insider Buying: Party City Holdco Inc. (NYSE:PRTY) Major Shareholder Acquires $3,778,125.00 in Stock

Party City Holdco Inc. (NYSE:PRTY – Get Rating) major shareholder Clifford Sosin bought 1,162,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 6th. The shares were purchased at an average cost of $3.25 per share, for a total transaction of $3,778,125.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

NYSE PRTY opened at $3.41 on Monday. Party City Holdco Inc. has a twelve month low of $3.12 and a twelve month high of $11.06. The company has a debt-to-equity ratio of 16.34, a quick ratio of 0.45 and a current ratio of 1.23. The stock has a market cap of $383.46 million, a price-to-earnings ratio of -56.82 and a beta of 3.62. The firm’s 50 day moving average price is $3.96 and its two-hundred day moving average price is $5.57.

Party City Holdco (NYSE:PRTY – Get Rating) last posted its quarterly earnings data on Monday, February 28th. The specialty retailer reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). Party City Holdco had a positive return on equity of 85.76% and a negative net margin of 0.30%. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, research analysts forecast that Party City Holdco Inc. will post 0.82 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC purchased a new position in shares of Party City Holdco during the 4th quarter valued at $27,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Party City Holdco by 968,700.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,688 shares of the specialty retailer’s stock valued at $69,000 after acquiring an additional 9,687 shares in the last quarter. CWM LLC purchased a new position in shares of Party City Holdco during the 4th quarter valued at $71,000. PDT Partners LLC purchased a new position in shares of Party City Holdco during the 4th quarter valued at $76,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Party City Holdco during the 4th quarter valued at $81,000. Institutional investors and hedge funds own 75.20% of the company’s stock.

Several research firms have issued reports on PRTY. StockNews.com began coverage on Party City Holdco in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research cut Party City Holdco from a “hold” rating to a “strong sell” rating in a report on Thursday, March 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Party City Holdco currently has an average rating of “Hold” and a consensus target price of $8.42.

Party City Holdco Company Profile (Get Rating)

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.

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