Emerald Advisers Inc. PA Reduces Position in Jakks Pacific Inc. (JAKK)
Emerald Advisers Inc. PA reduced its position in shares of Jakks Pacific Inc. (NASDAQ:JAKK) by 37.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,229 shares of the company’s stock after selling 8,460 shares during the period. Emerald Advisers Inc. PA’s holdings in Jakks Pacific were worth $113,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Lazard Asset Management LLC increased its position in shares of 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. Geode Capital Management LLC increased its position in shares of 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. OMERS ADMINISTRATION Corp acquired a new position in shares of Jakks Pacific during the first quarter valued at approximately $141,000. Spark Investment Management LLC acquired a new position in shares of Jakks Pacific during the first quarter valued at approximately $461,000. Finally, Bank of Montreal Can acquired a new position in shares of Jakks Pacific during the second quarter valued at approximately $749,000.
Shares of Jakks Pacific Inc. (NASDAQ:JAKK) remained flat at $8.10 during trading on Thursday. 86,803 shares of the company’s stock were exchanged. Jakks Pacific Inc. has a 1-year low of $6.17 and a 1-year high of $9.75. The stock’s 50-day moving average price is $8.76 and its 200-day moving average price is $8.21. The stock has a market capitalization of $130.83 million, a PE ratio of 15.46 and a beta of 0.55.
Jakks Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.04. The firm earned $141 million during 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 company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.30) earnings per share. On average, equities analysts expect that Jakks Pacific Inc. will post $0.78 EPS for the current year.
Several brokerages have recently commented on JAKK. B. Riley reiterated a “neutral” rating and set a $10.00 target price on shares of Jakks Pacific in a research note on Saturday, October 8th. Zacks Investment Research upgraded Jakks Pacific from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Jakks Pacific presently has a consensus rating of “Buy” and a consensus target price of $11.58.
In other news, major shareholder Patrick Soon-Shiong sold 30,000 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $8.80, for a total value of $264,000.00. Following the completion of the sale, the insider now directly owns 239,622 shares of the company’s stock, valued at $2,108,673.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.10% of the stock is owned by insiders.
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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