SummerHaven Investment Management LLC Purchases New Stake in JAKKS Pacific, Inc. $JAKK

SummerHaven Investment Management LLC acquired a new stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 41,485 shares of the company’s stock, valued at approximately $777,000. SummerHaven Investment Management LLC owned about 0.37% of JAKKS Pacific at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in shares of JAKKS Pacific by 67.9% in the 1st quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock valued at $3,470,000 after purchasing an additional 56,873 shares in the last quarter. Empowered Funds LLC raised its stake in JAKKS Pacific by 7.1% during the first quarter. Empowered Funds LLC now owns 61,228 shares of the company’s stock valued at $1,510,000 after buying an additional 4,071 shares in the last quarter. Kovack Advisors Inc. raised its stake in JAKKS Pacific by 17.9% during the second quarter. Kovack Advisors Inc. now owns 10,283 shares of the company’s stock valued at $214,000 after buying an additional 1,563 shares in the last quarter. Aviva PLC bought a new position in JAKKS Pacific during the 2nd quarter worth approximately $469,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of JAKKS Pacific by 88.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,582 shares of the company’s stock worth $594,000 after acquiring an additional 13,450 shares in the last quarter. Institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Price Performance

NASDAQ:JAKK opened at $18.69 on Thursday. The firm has a market capitalization of $210.64 million, a P/E ratio of 38.14 and a beta of 1.49. The business has a 50 day simple moving average of $17.33 and a 200 day simple moving average of $17.78. JAKKS Pacific, Inc. has a 12-month low of $14.86 and a 12-month high of $35.79.

JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Friday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($1.40). JAKKS Pacific had a net margin of 1.06% and a return on equity of 1.87%. The company had revenue of $211.21 million during the quarter, compared to the consensus estimate of $228.24 million. Research analysts anticipate that JAKKS Pacific, Inc. will post 3.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JAKK has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of JAKKS Pacific in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Zacks Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, JAKKS Pacific currently has an average rating of “Hold”.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.