California Public Employees Retirement System increased its position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 22.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,468 shares of the company’s stock after buying an additional 40,300 shares during the period. California Public Employees Retirement System’s holdings in JAKKS Pacific were worth $1,196,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in JAKK. JPMorgan Chase & Co. boosted its position in JAKKS Pacific by 38.9% in the first quarter. JPMorgan Chase & Co. now owns 1,603,398 shares of the company’s stock worth $8,820,000 after buying an additional 448,687 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in JAKKS Pacific by 108.4% in the first quarter. Daiwa Securities Group Inc. now owns 650,000 shares of the company’s stock valued at $3,575,000 after buying an additional 338,129 shares during the period. Alambic Investment Management L.P. boosted its stake in JAKKS Pacific by 151.4% in the first quarter. Alambic Investment Management L.P. now owns 91,268 shares of the company’s stock valued at $502,000 after buying an additional 54,968 shares during the period. Staley Capital Advisers Inc. boosted its stake in JAKKS Pacific by 4.9% in the first quarter. Staley Capital Advisers Inc. now owns 1,068,100 shares of the company’s stock valued at $5,875,000 after buying an additional 50,000 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in JAKKS Pacific during the fourth quarter valued at about $177,000. Institutional investors own 66.44% of the company’s stock.
Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) opened at 3.50 on Thursday. JAKKS Pacific, Inc. has a 12-month low of $3.05 and a 12-month high of $9.75. The stock has a 50 day moving average of $3.73 and a 200 day moving average of $4.65. The stock’s market capitalization is $75.65 million.
JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings data 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 return on equity of 7.07% and a negative net margin of 1.76%. The company had revenue of $119.57 million for the quarter, compared to analyst estimates of $134.02 million. During the same period in the previous year, the business posted ($0.27) EPS. The firm’s revenue for the quarter was down 15.2% compared to the same quarter last year. Equities research analysts anticipate that JAKKS Pacific, Inc. will post $0.17 EPS for the current fiscal year.
JAKK has been the subject of several research reports. TheStreet cut shares of JAKKS Pacific from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 price target on shares of JAKKS Pacific in a research report on Thursday, July 13th. Stifel Nicolaus reiterated a “hold” rating and set a $5.50 price objective on shares of JAKKS Pacific in a research note on Monday, July 10th. Finally, Jefferies Group LLC assumed coverage on shares of JAKKS Pacific in a research note on Thursday, June 8th. They set a “hold” rating and a $4.50 price objective for the company. Eight investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $5.46.
In other JAKKS Pacific news, CEO Stephen G. Berman bought 10,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average cost of $3.40 per share, with a total value of $34,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.20% of the company’s stock.
About JAKKS Pacific
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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