Wednesday, December 27, 2017 10:15 PM ET
Significant Insider Sales in Shares of Party City Holdco (PRTY) Extends the Selling Trend of Last Quarter
There was a notable level of share sales at Party City Holdco by insiders today, as disclosed in form 4 documents filed with the SEC. Four insiders — Advent International, Rittenberg, Collins, and Case — sold 20,586,550 shares in the company having a market value of approximately $251,335,910. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 25,000 company shares and the disposition of 10,083,144 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 30,644,694 shares and have averaged 3,069,469 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Party City Holdco is higher than the 19-company peer group average. Other Specialty Retailers peer group saw 23 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Party City Holdco insiders was also higher. Within the peer group there were 58,990 shares purchased and 12,840,572 shares sold with company insiders having sold 555,721 shares on average.
The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* Advent International Corp, 10% Owner, sold 19,841,694 shares
* Gerald C Rittenberg, Director, sold 100,000 shares
* Steven J Collins, Director, sold 311,515 shares
* Jefferson M Case, Director, sold 333,341 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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