Investors Buy Large Volume of Call Options on Party City Holdco (NYSE:PRTY)


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Party City Holdco Inc. (NYSE:PRTY) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 24,529 call options on the stock. This represents an increase of 310% compared to the typical volume of 5,982 call options.

In related news, Director William S. Creekmuir acquired 29,412 shares of the business’s stock in a transaction on Friday, November 13th. The stock was purchased at an average cost of $3.37 per share, for a total transaction of $99,118.44. Following the completion of the transaction, the director now directly owns 153,244 shares of the company’s stock, valued at approximately $516,432.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Clifford Sosin acquired 850,000 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were bought at an average price of $1.85 per share, with a total value of $1,572,500.00. The disclosure for this purchase can be found here. Insiders have acquired 3,027,036 shares of company stock valued at $10,827,703 over the last 90 days. Company insiders own 6.28% of the company’s stock.

Several large investors have recently modified their holdings of PRTY. Sei Investments Co. acquired a new position in Party City Holdco in the third quarter valued at $33,000. Kestra Advisory Services LLC acquired a new position in Party City Holdco in the third quarter valued at $36,000. Two Sigma Securities LLC acquired a new position in Party City Holdco in the third quarter valued at $46,000. ExodusPoint Capital Management LP acquired a new position in Party City Holdco in the third quarter valued at $47,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Party City Holdco in the third quarter valued at $118,000. Institutional investors own 42.06% of the company’s stock.

NYSE:PRTY traded down $0.63 during mid-day trading on Wednesday, reaching $7.44. The stock had a trading volume of 6,819,598 shares, compared to its average volume of 4,183,513. The stock has a 50-day simple moving average of $6.03 and a two-hundred day simple moving average of $3.26. The stock has a market capitalization of $823.21 million, a PE ratio of -0.57 and a beta of 3.16. Party City Holdco has a 12 month low of $0.26 and a 12 month high of $8.40.

Party City Holdco (NYSE:PRTY) last posted its earnings results on Monday, November 9th. The specialty retailer reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.56. The firm had revenue of $533.78 million for the quarter, compared to analysts’ expectations of $484.31 million. Party City Holdco had a negative net margin of 62.97% and a negative return on equity of 23.15%. Sell-side analysts expect that Party City Holdco will post -0.98 earnings per share for the current fiscal year.

PRTY has been the topic of several recent research reports. ValuEngine raised shares of Party City Holdco from a “hold” rating to a “buy” rating in a report on Saturday, November 21st. Stephens lifted their price objective on shares of Party City Holdco from $3.00 to $5.40 in a research note on Thursday, December 10th. Finally, BidaskClub raised shares of Party City Holdco from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Party City Holdco has an average rating of “Hold” and an average price target of $3.47.

Party City Holdco Company Profile

Party City Holdco Inc, through its subsidiaries, designs, manufactures, sources, and distributes party supplies in the United States and internationally. The company operates in 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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