Clifford Sosin Sells 19,557,248 Shares of Party City Holdco Inc. (NYSE:PRTY) Stock

Party City Holdco Inc. (NYSE:PRTYGet Rating) major shareholder Clifford Sosin sold 19,557,248 shares of Party City Holdco stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $0.37, for a total value of $7,236,181.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Party City Holdco Stock Performance

Party City Holdco stock opened at $0.35 on Friday. The stock has a 50-day simple moving average of $0.58 and a 200 day simple moving average of $1.27. The company has a quick ratio of 0.21, a current ratio of 0.99 and a debt-to-equity ratio of 6.12. Party City Holdco Inc. has a 12-month low of $0.15 and a 12-month high of $5.95. The stock has a market capitalization of $39.56 million, a price-to-earnings ratio of -0.15 and a beta of 2.65.

Party City Holdco (NYSE:PRTYGet Rating) last announced its quarterly earnings data on Tuesday, November 8th. The specialty retailer reported ($1.39) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($1.29). The firm had revenue of $502.19 million for the quarter, compared to the consensus estimate of $514.90 million. Party City Holdco had a negative return on equity of 236.92% and a negative net margin of 11.90%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Telsey Advisory Group cut their price target on Party City Holdco from $2.00 to $1.25 and set a “market perform” rating for the company in a report on Wednesday, November 9th. StockNews.com cut Party City Holdco from a “hold” rating to a “sell” rating in a report on Friday, November 11th.

Institutional Trading of Party City Holdco

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its holdings in Party City Holdco by 7,777.8% during the 2nd quarter. Captrust Financial Advisors now owns 70,900 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 70,000 shares during the last quarter. CastleKnight Management LP grew its position in shares of Party City Holdco by 406.6% during the 2nd quarter. CastleKnight Management LP now owns 4,842,402 shares of the specialty retailer’s stock worth $6,392,000 after buying an additional 3,886,547 shares during the period. Dendur Capital LP grew its position in shares of Party City Holdco by 15.1% during the 2nd quarter. Dendur Capital LP now owns 1,528,268 shares of the specialty retailer’s stock worth $2,017,000 after buying an additional 200,000 shares during the period. Verition Fund Management LLC acquired a new position in shares of Party City Holdco during the 1st quarter worth about $1,001,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Party City Holdco during the 3rd quarter worth about $86,000. 61.10% of the stock is owned by institutional investors.

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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