Adirondack Research & Management Inc. lessened its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 10.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 429,417 shares of the company’s stock after selling 51,200 shares during the period. Adirondack Research & Management Inc. owned about 1.59% of JAKKS Pacific worth $1,288,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in JAKK. Renaissance Technologies LLC lifted its holdings in JAKKS Pacific by 0.7% in the first quarter. Renaissance Technologies LLC now owns 1,615,900 shares of the company’s stock worth $8,887,000 after purchasing an additional 11,600 shares during the period. Daiwa Securities Group Inc. raised its position in JAKKS Pacific by 59.2% in the third quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock worth $2,703,000 after acquiring an additional 333,070 shares in the last quarter. California Public Employees Retirement System raised its position in JAKKS Pacific by 0.6% in the second quarter. California Public Employees Retirement System now owns 218,868 shares of the company’s stock worth $875,000 after acquiring an additional 1,400 shares in the last quarter. Bank of New York Mellon Corp raised its position in JAKKS Pacific by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 214,660 shares of the company’s stock worth $1,181,000 after acquiring an additional 3,068 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in JAKKS Pacific by 273.2% in the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock worth $366,000 after acquiring an additional 67,020 shares in the last quarter. 56.84% of the stock is owned by hedge funds and other institutional investors.
JAKKS Pacific, Inc. (JAKK) traded up $0.08 during trading on Monday, reaching $2.55. The company had a trading volume of 147,014 shares, compared to its average volume of 267,886. JAKKS Pacific, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $7.45. The company has a current ratio of 1.96, a quick ratio of 1.54 and a debt-to-equity ratio of 1.07.
JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.32). JAKKS Pacific had a negative net margin of 9.36% and a negative return on equity of 15.58%. The firm had revenue of $262.40 million during the quarter, compared to the consensus estimate of $294.59 million. During the same quarter in the prior year, the business earned $0.82 EPS. JAKKS Pacific’s revenue was down 13.3% on a year-over-year basis. equities analysts predict that JAKKS Pacific, Inc. will post -0.04 earnings per share for the current fiscal year.
Several brokerages recently commented on JAKK. BMO Capital Markets reissued a “hold” rating and issued a $3.50 price target on shares of JAKKS Pacific in a research note on Monday, November 27th. Zacks Investment Research cut JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 31st. DA Davidson upgraded JAKKS Pacific from an “underperform” rating to a “neutral” rating in a report on Monday, October 30th. They noted that the move was a valuation call. Stifel Nicolaus cut their price target on JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating for the company in a report on Monday, October 30th. Finally, Jefferies Group restated a “hold” rating and issued a $3.50 target price (down from $4.50) on shares of JAKKS Pacific in a research note on Saturday, September 30th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $3.93.
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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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