Hotchkis & Wiley Capital Management LLC trimmed its position in JAKKS Pacific, Inc. (NASDAQ:JAKK - Free Report) by 8.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 306,629 shares of the company's stock after selling 28,500 shares during the period. Hotchkis & Wiley Capital Management LLC owned 2.79% of JAKKS Pacific worth $7,825,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of JAKK. Vanguard Group Inc. grew its position in shares of JAKKS Pacific by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 375,395 shares of the company's stock worth $9,272,000 after acquiring an additional 10,746 shares in the last quarter. AQR Capital Management LLC increased its stake in JAKKS Pacific by 75.9% during the second quarter. AQR Capital Management LLC now owns 269,948 shares of the company's stock valued at $4,835,000 after purchasing an additional 116,519 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in JAKKS Pacific by 154,821.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 21,689 shares of the company's stock valued at $388,000 after purchasing an additional 21,675 shares during the last quarter. Creative Planning bought a new position in shares of JAKKS Pacific in the 2nd quarter worth about $527,000. Finally, Pacific Ridge Capital Partners LLC lifted its position in shares of JAKKS Pacific by 34.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 152,589 shares of the company's stock worth $2,733,000 after buying an additional 38,818 shares during the last quarter. 44.38% of the stock is owned by institutional investors.
JAKKS Pacific Price Performance
Shares of NASDAQ JAKK traded up $0.19 during midday trading on Thursday, hitting $28.85. 38,286 shares of the company's stock were exchanged, compared to its average volume of 102,740. JAKKS Pacific, Inc. has a twelve month low of $17.06 and a twelve month high of $36.84. The firm has a market cap of $317.06 million, a P/E ratio of 10.61 and a beta of 2.22. The stock's 50 day moving average price is $27.44 and its 200-day moving average price is $23.05.
JAKKS Pacific (NASDAQ:JAKK - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $1.36. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. The company had revenue of $321.61 million during the quarter, compared to analysts' expectations of $303.44 million. On average, analysts expect that JAKKS Pacific, Inc. will post 2.18 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. B. Riley increased their price objective on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. StockNews.com raised JAKKS Pacific from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Finally, Maxim Group started coverage on JAKKS Pacific in a research note on Monday, August 26th. They set a "buy" rating and a $46.00 price objective for the company. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $41.67.
Check Out Our Latest Research Report on JAKK
Insider Activity at JAKKS Pacific
In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $27.62, for a total value of $1,332,747.86. Following the completion of the sale, the chief financial officer now directly owns 95,544 shares in the company, valued at $2,638,925.28. This represents a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by insiders.
About JAKKS Pacific
(
Free Report)
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.
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