|Bid||5.15 x 1200|
|Ask||5.29 x 1100|
|Day's Range||5.16 - 5.52|
|52 Week Range||5.02 - 11.06|
|Beta (5Y Monthly)||3.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 08, 2021 - Nov 12, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.50|
Shares of Party City Holdco (NYSE: PRTY) climbed sharply higher Wednesday, jumping as much as 10.2%, before ending the day up 7.4%. The catalyst that sent the party-goods specialist higher was a significant additional investment by a hedge fund. A regulatory filing released after the market close on Friday revealed that Clifford Sosin, investment manager at CAS Investment Partners, had increased his stake in the party supplier by a wide margin.
Party City (PRTY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
ELMSFORD, N.Y., Nov. 24, 2021 (GLOBE NEWSWIRE) -- Party City Holdco Inc. (NYSE: PRTY) today announced that members of its management team will present at the following investor conferences: The Stephens Annual Investment Conference on Wednesday, December 1, 2021 at 1:00pm CT. The BofA Securities Leveraged Finance Conference on Thursday, December 2, 2021 at 12:00pm ET. Live webcasts of these events will be available via the Company's web site, investor.partycity.com. Participants should log in ap