Clifford Sosin Sells 444,375 Shares of Party City Holdco Inc. (NYSE:PRTY) Stock

Party City Holdco Inc. (NYSE:PRTYGet Rating) major shareholder Clifford Sosin sold 444,375 shares of the stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $1.45, for a total value of $644,343.75. Following the completion of the sale, the insider now owns 19,557,248 shares of the company’s stock, valued at $28,358,009.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Clifford Sosin also recently made the following trade(s):

  • On Friday, April 8th, Clifford Sosin purchased 470,000 shares of Party City Holdco stock. The stock was acquired at an average price of $3.46 per share, with a total value of $1,626,200.00.
  • On Wednesday, April 6th, Clifford Sosin acquired 1,162,500 shares of Party City Holdco stock. The shares were purchased at an average cost of $3.25 per share, with a total value of $3,778,125.00.

PRTY stock opened at $1.26 on Thursday. The company has a debt-to-equity ratio of 16.34, a current ratio of 1.23 and a quick ratio of 0.45. The stock has a market capitalization of $141.69 million, a P/E ratio of -21.00 and a beta of 3.47. The business has a 50-day moving average of $3.40 and a 200-day moving average of $4.90. Party City Holdco Inc. has a fifty-two week low of $1.09 and a fifty-two week high of $11.06.

Party City Holdco (NYSE:PRTYGet Rating) last issued its quarterly earnings results on Monday, May 9th. The specialty retailer reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.10). Party City Holdco had a negative net margin of 0.30% and a positive return on equity of 85.76%. During the same period last year, the firm earned ($0.05) EPS. Equities analysts expect that Party City Holdco Inc. will post 0.82 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CAS Investment Partners LLC boosted its position in Party City Holdco by 2.9% during the fourth quarter. CAS Investment Partners LLC now owns 16,456,623 shares of the specialty retailer’s stock valued at $91,663,000 after purchasing an additional 470,000 shares during the last quarter. BlackRock Inc. increased its stake in shares of Party City Holdco by 3.4% during the fourth quarter. BlackRock Inc. now owns 7,342,740 shares of the specialty retailer’s stock worth $40,899,000 after purchasing an additional 240,007 shares during the period. Masters Capital Management LLC increased its stake in shares of Party City Holdco by 90.0% during the fourth quarter. Masters Capital Management LLC now owns 3,800,000 shares of the specialty retailer’s stock worth $21,166,000 after purchasing an additional 1,800,000 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Party City Holdco by 7.2% during the first quarter. JPMorgan Chase & Co. now owns 3,594,451 shares of the specialty retailer’s stock worth $12,869,000 after purchasing an additional 242,662 shares during the period. Finally, State Street Corp increased its stake in shares of Party City Holdco by 1.2% during the fourth quarter. State Street Corp now owns 3,122,984 shares of the specialty retailer’s stock worth $17,395,000 after purchasing an additional 36,438 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. StockNews.com assumed coverage on Party City Holdco in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised Party City Holdco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3rd.

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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