Parametric Portfolio Associates LLC Has $409,000 Position in JAKKS Pacific, Inc. (JAKK)
Parametric Portfolio Associates LLC lessened its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 47.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,214 shares of the company’s stock after selling 93,582 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.47% of JAKKS Pacific worth $409,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. KCG Holdings Inc. increased its position in JAKKS Pacific by 48.9% during the 1st quarter. KCG Holdings Inc. now owns 21,381 shares of the company’s stock valued at $118,000 after buying an additional 7,023 shares in the last quarter. Goldman Sachs Group Inc. increased its position in JAKKS Pacific by 0.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,530 shares of the company’s stock valued at $135,000 after buying an additional 117 shares in the last quarter. Tudor Investment Corp ET AL increased its position in JAKKS Pacific by 16.5% during the 1st quarter. Tudor Investment Corp ET AL now owns 25,835 shares of the company’s stock valued at $142,000 after buying an additional 3,664 shares in the last quarter. LMR Partners LLP purchased a new stake in JAKKS Pacific during the 2nd quarter valued at $194,000. Finally, KBC Group NV boosted its stake in JAKKS Pacific by 5.5% during the 2nd quarter. KBC Group NV now owns 63,199 shares of the company’s stock valued at $253,000 after purchasing an additional 3,304 shares during the last quarter. 55.96% of the stock is owned by institutional investors.
Several analysts have commented on the company. ValuEngine downgraded JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. DA Davidson downgraded JAKKS Pacific from a “neutral” rating to an “underperform” rating and cut their target price for the company from $3.75 to $2.25 in a research note on Thursday, September 21st. BMO Capital Markets reiterated a “hold” rating and set a $3.50 target price on shares of JAKKS Pacific in a research note on Friday, October 6th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $3.50 target price (down from $4.50) on shares of JAKKS Pacific in a research note on Saturday, September 30th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $3.93.
Shares of JAKKS Pacific, Inc. (JAKK) opened at $2.60 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.96 and a quick ratio of 1.54. JAKKS Pacific, Inc. has a 52 week low of $2.40 and a 52 week high of $7.45.
JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Thursday, October 26th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.32). JAKKS Pacific had a negative net margin of 9.36% and a negative return on equity of 15.58%. The business had revenue of $262.40 million for the quarter, compared to analysts’ expectations of $294.59 million. During the same quarter in the prior year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was down 13.3% on a year-over-year basis. equities research analysts anticipate that JAKKS Pacific, Inc. will post -0.04 earnings per share for the current year.
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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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