Selling Buzz: Party City Holdco Inc. [PRTY] 10% Owner SOSIN CLIFFORD sells 444,375 shares of the company

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Party City Holdco Inc. shares valued at $642,566 were sold by SOSIN CLIFFORD on May 09. At $1.45 per share, SOSIN CLIFFORD sold 444,375 shares. The insider’s holdings dropped to 19,557,248 shares worth approximately $35.4 million following the completion of this transaction.

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Also, SOSIN CLIFFORD purchased 470,000 shares, netting a total of over 1,627,939 in proceeds. Following the buying of shares at $3.46 each, the insider now holds 20,001,623 shares.

Before that, SOSIN CLIFFORD had added 317,500 shares to its account. In a trade valued at $1,051,179, the 10% Owner bought Party City Holdco Inc. shares for $3.31 each. Upon closing the transaction, the insider’s holdings increased to 317,500 shares, worth approximately $35.35 million.

As published in a research note from Telsey Advisory Group on March 13, 2020, Party City Holdco Inc. [PRTY] has been retained to a Market perform and the price target has been revised to $1. This represents a -81.0% premium over Wednesday’s closing price. Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid March. As of November 08, 2019, Telsey Advisory Group has decreased its “an Outperform” rating to a “Market perform” for PRTY. Earlier on November 08, 2019, Goldman downgraded its rating. Their new recommendation was “a Neutral” for PRTY stock which previously was a “a Buy”.

Analyzing PRTY’s Price Performance

On Wednesday, Party City Holdco Inc. [NYSE: PRTY] plunged -3.21% to $1.81. The stock’s lowest price that day was $1.80, but it reached a high of $1.94 in the same session. During the last five days, there has been a drop of approximately -20.61%. Over the course of the year, Party City Holdco Inc. shares have dropped approximately -67.50%. Shares of the company reached a 52-week high of $6.8600 on 01/06/22 and a 52-week low of $1.0400 on 07/27/22. A 50-day SMA is recorded $1.7196, while a 200-day SMA reached $3.1026. Nevertheless, trading volume fell to 4.58 million shares from 4.56 million shares the previous day.

Support And Resistance Levels for Party City Holdco Inc. (PRTY)

According to the 24-hour chart, there is a support level at 1.7600, which, if violated, would cause prices to drop to 1.7100. In the upper region, resistance lies at 1.9000. The next price resistance is at 1.9900. RSI (Relative Strength Index) is 42.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.3186, which suggests the price will decrease in the coming days. Percent R is at 98.95%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Party City Holdco Inc. subject to short interest?

Stocks of Party City Holdco Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.66 million shares to 9.64 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.3 million shares. A decline of -27.59% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.12 of the overall float, the days-to-cover ratio (short ratio) decline to 3.12.

Which companies own the most shares of Party City Holdco Inc. (PRTY)?

According to CAS Investment Partners LLC filings, the company currently owns 19,557,248 shares, which is about 17.31% of the total PRTY shares outstanding. The investor’s shares have appreciated by 1,505,625 from its previous 13-F filing of 18051623.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $13,010,116. The Vanguard Group, Inc. reduced a -13.16% interest valued at $10.27 million while Castleknight Management LP purchased a 3,986,547 stake. A total of 0 shares of Party City Holdco Inc. were bought by JPMorgan Investment Management, I during the quarter, and 248,916 were bought by Newton Investment Management Nort. In its current portfolio, Masters Capital Management LLC holds 3,000,000 shares valued at $5.91 million.

In terms of Party City Holdco Inc. share price expectations, FactSet research, analysts set an average price target of $2.00 in the next 12 months, up nearly 6.95% from the previous closing price of $1.87. Analysts anticipate Party City Holdco Inc. stock to reach $2.00 by 2022, with the lowest price target being $2.00. In spite of this, 1 analysts ranked Party City Holdco Inc. stock as a Hold at the end of 2022. On July 24, 2019, Goldman assigned a price target of “a Buy” to the stock and upgraded coverage with a $8.


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