Two Sigma Investments LP Invests $1.15 Million in Funko (FNKO) Stock

Two Sigma Investments LP bought a new stake in Funko (NASDAQ:FNKO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 173,038 shares of the company’s stock, valued at approximately $1,151,000. Two Sigma Investments LP owned about 0.36% of Funko at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dean Capital Investments Management LLC acquired a new position in Funko in the 4th quarter valued at about $109,000. Engineers Gate Manager LP acquired a new position in Funko in the 4th quarter valued at about $122,000. Geode Capital Management LLC acquired a new position in Funko in the 4th quarter valued at about $137,000. Needham Investment Management LLC acquired a new position in Funko in the 4th quarter valued at about $154,000. Finally, Deutsche Bank AG acquired a new position in Funko in the 4th quarter valued at about $157,000. Institutional investors own 39.41% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of FNKO stock opened at $8.14 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.12 and a current ratio of 1.72. Funko has a one year low of $5.81 and a one year high of $9.90.

FNKO has been the topic of several recent analyst reports. Piper Jaffray set a $12.00 target price on shares of Funko and gave the company a “buy” rating in a report on Wednesday, January 17th. Zacks Investment Research lowered shares of Funko from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Finally, BMO Capital Markets lowered shares of Funko from an “outperform” rating to a “market perform” rating and set a $10.00 price objective on the stock. in a report on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $12.38.

WARNING: “Two Sigma Investments LP Invests $1.15 Million in Funko (FNKO) Stock” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/07/two-sigma-investments-lp-invests-1-15-million-in-funko-fnko-stock.html.

About Funko

Funko, Inc, a pop culture consumer products company, designs and sells nostalgic bobble head figures in the United States and Europe. It also offers products in the categories of plush products, accessories, apparels, and homewares. The company offers its products to specialty retailers, mass-market retailers, and e-commerce sites; distributors for sale to small retailers; and consumers through its e-commerce business, as well as at specialty licensing and comic book shows, conventions, and exhibitions.

Institutional Ownership by Quarter for Funko (NASDAQ:FNKO)

Receive News & Ratings for Funko Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Funko and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply