Renaissance Technologies LLC boosted its position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,615,900 shares of the company’s stock after buying an additional 11,600 shares during the period. Renaissance Technologies LLC owned approximately 8.93% of JAKKS Pacific worth $8,887,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of JAKK. Lazard Asset Management LLC purchased a new position in shares of JAKKS Pacific during the first quarter worth approximately $271,000. California Public Employees Retirement System boosted its position in shares of JAKKS Pacific by 22.7% in the first quarter. California Public Employees Retirement System now owns 217,468 shares of the company’s stock worth $1,196,000 after buying an additional 40,300 shares in the last quarter. Stifel Financial Corp boosted its position in shares of JAKKS Pacific by 2.9% in the first quarter. Stifel Financial Corp now owns 28,401 shares of the company’s stock worth $155,000 after buying an additional 800 shares in the last quarter. KBC Group NV boosted its position in shares of JAKKS Pacific by 92.1% in the first quarter. KBC Group NV now owns 59,895 shares of the company’s stock worth $329,000 after buying an additional 28,719 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of 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. 66.44% of the stock is currently owned by hedge funds and other institutional investors.
JAKKS Pacific, Inc. (NASDAQ:JAKK) opened at 3.55 on Thursday. The firm has a 50-day moving average price of $3.77 and a 200-day moving average price of $4.70. JAKKS Pacific, Inc. has a 52 week low of $3.05 and a 52 week high of $9.75. The company’s market capitalization is $76.73 million.
JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Tuesday, July 25th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $119.57 million during the quarter, compared to the consensus estimate of $134.02 million. During the same period last year, the firm posted ($0.27) earnings per share. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. Analysts anticipate that JAKKS Pacific, Inc. will post $0.17 EPS for the current fiscal year.
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A number of research analysts have recently commented on the company. Zacks Investment Research raised JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Tuesday. TheStreet cut JAKKS Pacific from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. BMO Capital Markets set a $4.00 price target on JAKKS Pacific and gave the company a “hold” rating in a research report on Wednesday, July 26th. DA Davidson reissued a “neutral” rating and set a $3.75 price objective (down previously from $5.00) on shares of JAKKS Pacific in a report on Saturday, July 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $5.50 price objective on shares of JAKKS Pacific in a report on Monday, July 10th. Eight investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $5.46.
In related news, CEO Stephen G. Berman acquired 10,000 shares of JAKKS Pacific stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $3.40 per share, with a total value of $34,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.20% of the company’s stock.
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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