163,446 Shares in Jakks Pacific Inc. (JAKK) Acquired by Emerald Acquisition Ltd.
Emerald Acquisition Ltd. acquired a new stake in shares of Jakks Pacific Inc. (NASDAQ:JAKK) during the second quarter, Holdings Channel reports. The firm acquired 163,446 shares of the company’s stock, valued at approximately $1,293,000. Emerald Acquisition Ltd. owned approximately 1.00% of Jakks Pacific at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JAKK. Spark Investment Management LLC bought a new position in Jakks Pacific during the first quarter valued at $461,000. Rothschild Asset Management Inc. raised its position in Jakks Pacific by 4.9% in the second quarter. Rothschild Asset Management Inc. now owns 474,775 shares of the company’s stock valued at $3,755,000 after buying an additional 22,244 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in Jakks Pacific during the second quarter valued at $200,000. Geode Capital Management LLC raised its position in Jakks Pacific by 13.4% in the first quarter. Geode Capital Management LLC now owns 135,498 shares of the company’s stock valued at $1,007,000 after buying an additional 16,040 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in Jakks Pacific by 0.6% in the first quarter. Lazard Asset Management LLC now owns 51,534 shares of the company’s stock valued at $383,000 after buying an additional 291 shares in the last quarter.
Jakks Pacific Inc. (NASDAQ:JAKK) traded down 0.904% during mid-day trading on Thursday, reaching $8.225. 105,613 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $8.88 and a 200-day moving average price of $8.18. Jakks Pacific Inc. has a 1-year low of $6.17 and a 1-year high of $9.75. The stock has a market cap of $132.85 million, a P/E ratio of 15.697 and a beta of 0.55.
Jakks Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.04. Jakks Pacific had a net margin of 2.00% and a return on equity of 10.42%. The business had revenue of $141 million for the quarter, compared to analyst estimates of $134.80 million. During the same quarter last year, the firm earned ($0.30) EPS. Jakks Pacific’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Jakks Pacific Inc. will post $0.79 EPS for the current fiscal year.
JAKK has been the topic of several research reports. Zacks Investment Research upgraded shares of Jakks Pacific from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Tuesday, September 20th. B. Riley reiterated a “neutral” rating and issued a $10.00 price objective on shares of Jakks Pacific in a research note on Monday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $11.58.
In related news, major shareholder Patrick Soon-Shiong sold 28,274 shares of Jakks Pacific stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $8.62, for a total transaction of $243,721.88. Following the transaction, the insider now owns 239,622 shares of the company’s stock, valued at approximately $2,065,541.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.10% of the company’s stock.
About Jakks Pacific
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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