Yesterday, a Director at Party City Holdco (NYSE: PRTY), Gerald Rittenberg, bought shares of PRTY for $20.25K.
This recent transaction increases Gerald Rittenberg’s holding in the company by 100%. This is Rittenberg’s first Buy trade following 5 Sell transactions.
See today’s analyst top recommended stocks >>
Based on Party City Holdco’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $561 million and quarterly net profit of $28.49 million. In comparison, last year the company earned revenue of $545 million and had a net profit of $24.98 million. PRTY’s market cap is $1.41B and the company has a P/E ratio of 7.35. Currently, Party City Holdco has an average volume of 783.2K.
In the last 30 days, insiders have sold $704K worth of PRTY shares and purchased $20.25K worth of PRTY shares. The insider sentiment on Party City Holdco has been negative according to 38 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Gerald Rittenberg’s trades have generated a 1.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Party City Holdco, Inc. is a party goods company, which engages in the design, manufacture, and distribution of decorated party goods. It operates through the Wholesale and Retail segments. The Wholesale segments designs, manufactures, contracts for manufacture and distributes party goods.
