The CFO of Party City Holdco (NYSE: PRTY) is Buying Shares

Yesterday, the CFO of Party City Holdco (PRTYResearch Report), Michael Correale, bought shares of PRTY for $100.4K.

Following this transaction Michael Correale’s holding in the company was increased by 26.95% to a total of $486.5K. In addition to Michael Correale, one other PRTY executive reported Buy trades in the last month.

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Based on Party City Holdco’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $564 million and quarterly net profit of $48.07 million. In comparison, last year the company earned revenue of $561 million and had a net profit of $28.49 million. The company has a one-year high of $15.75 and a one-year low of $4.07. PRTY’s market cap is $397.6M and the company has a P/E ratio of 3.55.

The insider sentiment on Party City Holdco has been positive according to 39 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Party City Holdco, Inc. engages in the provision of supply of decorated party goods. It operates through the Wholesale, and Retail segments.