Pine River Capital Management Buys 3,300 Shares of Jakks Pacific Inc. (JAKK) Stock
Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management acquired 3,300 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were acquired at an average cost of $7.20 per share, for a total transaction of $23,760.00. The acquisition was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Jakks Pacific Inc. (NASDAQ:JAKK) opened at 8.73 on Friday. The stock has a market capitalization of $141.01 million, a P/E ratio of 16.66 and a beta of 0.34. The stock has a 50 day moving average price of $9.10 and a 200 day moving average price of $8.10. Jakks Pacific Inc. has a 12 month low of $6.17 and a 12 month high of $9.75.
Jakks Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.04. The business had revenue of $141 million for the quarter, compared to the consensus estimate of $134.80 million. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.30) EPS. On average, analysts anticipate that Jakks Pacific Inc. will post $0.79 EPS for the current fiscal year.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Jakks Pacific from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a report on Tuesday. B. Riley reiterated a “neutral” rating and set a $10.00 target price on shares of Jakks Pacific in a research report on Tuesday, July 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $11.58.
Several hedge funds have recently made changes to their positions in JAKK. Sterling Capital Management LLC increased its stake in shares of Jakks Pacific by 16.4% in the second quarter. Sterling Capital Management LLC now owns 81,465 shares of the company’s stock valued at $644,000 after buying an additional 11,462 shares during the period. Walthausen & Co. LLC bought a new stake in shares of Jakks Pacific during the second quarter valued at about $3,922,000. Stifel Financial Corp increased its stake in shares of Jakks Pacific by 1.6% in the second quarter. Stifel Financial Corp now owns 25,401 shares of the company’s stock valued at $201,000 after buying an additional 400 shares during the period. Highbridge Capital Management LLC bought a new stake in shares of Jakks Pacific during the second quarter valued at about $162,000. Finally, AQR Capital Management LLC increased its stake in shares of Jakks Pacific by 30.0% in the second quarter. AQR Capital Management LLC now owns 129,541 shares of the company’s stock valued at $1,024,000 after buying an additional 29,915 shares during the period.
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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