Bank of America Corp DE boosted its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 408,035 shares of the company’s stock after buying an additional 605 shares during the period. Bank of America Corp DE’s holdings in JAKKS Pacific were worth $2,244,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in JAKKS Pacific by 0.7% in the first quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock valued at $8,887,000 after buying an additional 11,600 shares during the period. JPMorgan Chase & Co. increased its stake in JAKKS Pacific by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock valued at $8,820,000 after buying an additional 448,687 shares during the period. Staley Capital Advisers Inc. increased its stake in JAKKS Pacific by 4.9% in the first quarter. Staley Capital Advisers Inc. now owns 1,068,100 shares of the company’s stock valued at $5,875,000 after buying an additional 50,000 shares during the period. Daiwa Securities Group Inc. increased its stake in JAKKS Pacific by 108.4% in the first quarter. Daiwa Securities Group Inc. now owns 650,000 shares of the company’s stock valued at $3,575,000 after buying an additional 338,129 shares during the period. Finally, State Street Corp increased its stake in JAKKS Pacific by 2.4% in the fourth quarter. State Street Corp now owns 287,571 shares of the company’s stock valued at $1,480,000 after buying an additional 6,662 shares during the period. 66.44% of the stock is currently owned by hedge funds and other institutional investors.
JAKKS Pacific, Inc. (NASDAQ JAKK) traded down 1.45% during midday trading on Friday, hitting $3.40. 43,501 shares of the stock traded hands. The stock’s market cap is $73.49 million. The company has a 50-day moving average of $3.69 and a 200-day moving average of $4.63. JAKKS Pacific, Inc. has a 1-year low of $3.05 and a 1-year high of $9.75.
JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.45. JAKKS Pacific had a negative net margin of 1.76% and a negative return on equity of 7.07%. The company had revenue of $119.57 million during the quarter, compared to the consensus estimate of $134.02 million. During the same period last year, the company earned ($0.27) earnings per share. JAKKS Pacific’s revenue for the quarter was down 15.2% on a year-over-year basis. On average, equities analysts expect that JAKKS Pacific, Inc. will post $0.17 EPS for the current fiscal year.
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Several equities research analysts recently issued reports on JAKK shares. Stifel Nicolaus lifted their price target on shares of JAKKS Pacific from $5.50 to $6.00 and gave the stock a “hold” rating in a research note on Wednesday, April 26th. Jefferies Group LLC began coverage on shares of JAKKS Pacific in a research report on Thursday, June 8th. They issued a “hold” rating and a $4.50 target price for the company. Zacks Investment Research downgraded shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 27th. BMO Capital Markets reissued a “hold” rating and issued a $6.00 target price on shares of JAKKS Pacific in a research report on Thursday, July 13th. Finally, DA Davidson reissued a “neutral” rating and issued a $5.00 target price on shares of JAKKS Pacific in a research report on Tuesday, May 23rd. Eight investment analysts have rated the stock with a hold rating, JAKKS Pacific currently has a consensus rating of “Hold” and a consensus target price of $5.46.
In related news, CEO Stephen G. Berman purchased 10,000 shares of JAKKS Pacific stock in a transaction on Monday, August 7th. The stock was purchased at an average cost of $3.40 per share, with a total value of $34,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 5.20% of the stock is owned by corporate insiders.
JAKKS Pacific Company Profile
JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.
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