Tower Research Capital LLC TRC Has $58,000 Stock Holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Tower Research Capital LLC TRC lowered its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 36.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,618 shares of the company’s stock after selling 929 shares during the period. Tower Research Capital LLC TRC’s holdings in JAKKS Pacific were worth $58,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its position in shares of JAKKS Pacific by 11.0% in the third quarter. Janney Montgomery Scott LLC now owns 17,044 shares of the company’s stock valued at $317,000 after purchasing an additional 1,689 shares during the last quarter. Trexquant Investment LP bought a new position in JAKKS Pacific during the 3rd quarter worth $528,000. LSV Asset Management lifted its holdings in shares of JAKKS Pacific by 86.4% during the third quarter. LSV Asset Management now owns 117,796 shares of the company’s stock worth $2,190,000 after buying an additional 54,601 shares in the last quarter. Simplicity Solutions LLC boosted its position in shares of JAKKS Pacific by 5.4% in the third quarter. Simplicity Solutions LLC now owns 19,213 shares of the company’s stock valued at $357,000 after acquiring an additional 991 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of JAKKS Pacific by 27.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,289 shares of the company’s stock valued at $303,000 after acquiring an additional 3,461 shares in the last quarter. 44.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on JAKK shares. StockNews.com cut shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Friday. Ascendiant Capital Markets dropped their price target on shares of JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, April 1st. Finally, TheStreet downgraded JAKKS Pacific from a “b” rating to a “c+” rating in a research report on Friday, March 1st.

JAKKS Pacific Stock Performance

Shares of NASDAQ JAKK traded up $0.19 during mid-day trading on Monday, reaching $19.27. The company had a trading volume of 138,496 shares, compared to its average volume of 125,196. JAKKS Pacific, Inc. has a one year low of $15.30 and a one year high of $36.84. The business’s 50-day simple moving average is $24.95 and its 200 day simple moving average is $27.98. The firm has a market cap of $208.12 million, a price-to-earnings ratio of 7.08 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Wednesday, April 24th. The company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.91). The firm had revenue of $90.08 million during the quarter, compared to the consensus estimate of $104.12 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 18.85%. On average, sell-side analysts anticipate that JAKKS Pacific, Inc. will post 3.89 EPS for the current year.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.