Tudor Investment Corp ET AL raised its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 16.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,835 shares of the company’s stock after buying an additional 3,664 shares during the period. Tudor Investment Corp ET AL owned 0.14% of JAKKS Pacific worth $142,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC bought a new stake in shares of JAKKS Pacific during the first quarter valued at approximately $271,000. California Public Employees Retirement System increased its position in shares of JAKKS Pacific by 22.7% in the first quarter. California Public Employees Retirement System now owns 217,468 shares of the company’s stock valued at $1,196,000 after buying an additional 40,300 shares during the last quarter. Stifel Financial Corp increased its position in shares of JAKKS Pacific by 2.9% in the first quarter. Stifel Financial Corp now owns 28,401 shares of the company’s stock valued at $155,000 after buying an additional 800 shares during the last quarter. KBC Group NV increased its position in shares of JAKKS Pacific by 92.1% in the first quarter. KBC Group NV now owns 59,895 shares of the company’s stock valued at $329,000 after buying an additional 28,719 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of 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 last quarter. 66.05% of the stock is owned by institutional investors.
JAKKS Pacific, Inc. (NASDAQ JAKK) opened at 3.50 on Friday. The firm’s market cap is $79.70 million. The stock has a 50 day moving average of $3.60 and a 200-day moving average of $4.56. JAKKS Pacific, Inc. has a 52-week low of $3.05 and a 52-week high of $9.75.
JAKKS Pacific (NASDAQ:JAKK) last posted 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 business had revenue of $119.57 million during the quarter, compared to the consensus estimate of $134.02 million. During the same quarter last year, the company posted ($0.27) EPS. The firm’s revenue was down 15.2% on a year-over-year basis. On average, analysts expect that JAKKS Pacific, Inc. will post $0.17 EPS for the current year.
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Several brokerages have recently weighed in on JAKK. Zacks Investment Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. TheStreet downgraded shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. BMO Capital Markets set a $4.00 target price on shares of JAKKS Pacific and gave the company a “hold” rating in a report on Wednesday, July 26th. DA Davidson reissued a “neutral” rating and set a $3.75 price objective (down previously from $5.00) on shares of JAKKS Pacific in a report on Saturday, July 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $5.50 price objective on shares of JAKKS Pacific in a report on Monday, July 10th. Eight analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $5.46.
In other JAKKS Pacific news, CEO Stephen G. Berman purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of $3.40 per share, for a total transaction of $34,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 5.20% of the stock is currently 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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