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

SummerHaven Investment Management LLC purchased a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) during the 3rd quarter, Holdings Channel reports. The firm purchased 41,485 shares of the company’s stock, valued at approximately $777,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC grew its holdings in JAKKS Pacific by 28.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 15,332 shares of the company’s stock worth $287,000 after buying an additional 3,440 shares in the last quarter. Squarepoint Ops LLC boosted its position in JAKKS Pacific by 328.1% during the 2nd quarter. Squarepoint Ops LLC now owns 45,508 shares of the company’s stock worth $946,000 after acquiring an additional 34,879 shares during the period. Man Group plc boosted its position in JAKKS Pacific by 42.8% during the 2nd quarter. Man Group plc now owns 17,970 shares of the company’s stock worth $373,000 after acquiring an additional 5,386 shares during the period. Lazard Asset Management LLC grew its stake in shares of JAKKS Pacific by 401.6% in the second quarter. Lazard Asset Management LLC now owns 54,474 shares of the company’s stock worth $1,131,000 after purchasing an additional 43,613 shares in the last quarter. Finally, Gratia Capital LLC acquired a new position in shares of JAKKS Pacific during the second quarter valued at $3,116,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JAKK. Weiss Ratings restated a “hold (c-)” rating on shares of JAKKS Pacific in a research note on Wednesday, October 8th. Wall Street Zen raised shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Zacks Research upgraded shares of JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

JAKKS Pacific Stock Down 1.5%

Shares of JAKKS Pacific stock opened at $18.69 on Thursday. The business has a fifty day simple moving average of $17.33 and a 200-day simple moving average of $17.78. JAKKS Pacific, Inc. has a fifty-two week low of $14.86 and a fifty-two week high of $35.79. The firm has a market cap of $210.64 million, a price-to-earnings ratio of 38.14 and a beta of 1.49.

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

JAKKS Pacific 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.