Jakks Pacific Inc. (JAKK) Position Increased by Bank of New York Mellon Corp
Bank of New York Mellon Corp boosted its position in shares of Jakks Pacific Inc. (NASDAQ:JAKK) by 41.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 249,227 shares of the company’s stock after buying an additional 73,605 shares during the period. Bank of New York Mellon Corp owned approximately 1.52% of Jakks Pacific worth $1,971,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted 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 worth $1,007,000 after buying an additional 16,040 shares during the last quarter. Bank of Montreal Can acquired a new position in Jakks Pacific during the second quarter worth about $749,000. Spark Investment Management LLC acquired a new position in Jakks Pacific during the first quarter worth about $461,000. Lazard Asset Management LLC boosted 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 worth $383,000 after buying an additional 291 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in Jakks Pacific during the first quarter worth about $141,000.
Shares of Jakks Pacific Inc. (NASDAQ:JAKK) traded up 0.62% during trading on Friday, reaching $8.15. The company’s stock had a trading volume of 194,027 shares. Jakks Pacific Inc. has a one year low of $6.17 and a one year high of $9.75. The stock’s 50 day moving average is $8.86 and its 200 day moving average is $8.18. The firm has a market cap of $131.64 million, a P/E ratio of 15.55 and a beta of 0.55.
Jakks Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.04. The business had revenue of $141 million for the quarter, compared to analysts’ expectations of $134.80 million. Jakks Pacific had a return on equity of 10.42% and a net margin of 2.00%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.30) EPS. On average, equities analysts forecast that Jakks Pacific Inc. will post $0.78 EPS for the current fiscal year.
A number of equities analysts have issued reports on the company. B. Riley restated a “neutral” rating and set a $10.00 price target on shares of Jakks Pacific in a report on Monday. Zacks Investment Research upgraded Jakks Pacific from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $11.58.
In other Jakks Pacific news, major shareholder Patrick Soon-Shiong sold 21,809 shares of Jakks Pacific stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $8.43, for a total value of $183,849.87. Following the transaction, the insider now directly owns 239,622 shares of the company’s stock, valued at approximately $2,020,013.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.10% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding JAKK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jakks Pacific Inc. (NASDAQ:JAKK).
Receive News & Ratings for Jakks Pacific Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jakks Pacific Inc. and related companies with MarketBeat.com's FREE daily email newsletter.