Acadian Asset Management LLC trimmed its holdings in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 27.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 399,356 shares of the company’s stock after selling 152,120 shares during the period. Acadian Asset Management LLC’s holdings in JAKKS Pacific were worth $938,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Walthausen & Co. LLC raised its stake in JAKKS Pacific by 668.6% in the 3rd quarter. Walthausen & Co. LLC now owns 774,300 shares of the company’s stock valued at $2,323,000 after purchasing an additional 673,560 shares during the last quarter. Wells Fargo & Company MN raised its stake in JAKKS Pacific by 20,020.5% in the 3rd quarter. Wells Fargo & Company MN now owns 51,911 shares of the company’s stock valued at $155,000 after purchasing an additional 51,653 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in JAKKS Pacific by 59.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock valued at $2,703,000 after purchasing an additional 333,070 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in JAKKS Pacific by 273.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock valued at $366,000 after purchasing an additional 67,020 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in JAKKS Pacific by 12.7% in the 2nd quarter. Stifel Financial Corp now owns 32,005 shares of the company’s stock valued at $129,000 after purchasing an additional 3,604 shares during the last quarter. 56.20% of the stock is owned by institutional investors and hedge funds.

Shares of JAKKS Pacific, Inc. (JAKK) opened at $2.55 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.96 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $68.82, a price-to-earnings ratio of -0.84, a price-to-earnings-growth ratio of 4.94 and a beta of 0.65. JAKKS Pacific, Inc. has a twelve month low of $2.20 and a twelve month high of $5.85.

Several research analysts recently commented on JAKK shares. Zacks Investment Research downgraded JAKKS Pacific from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. Stifel Nicolaus reduced their price objective on JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating for the company in a research note on Monday, October 30th. BMO Capital Markets reissued a “hold” rating and issued a $3.50 price objective on shares of JAKKS Pacific in a research note on Monday, November 27th. Finally, DA Davidson raised JAKKS Pacific from an “underperform” rating to a “neutral” rating in a research note on Monday, October 30th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $3.51.

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JAKKS Pacific 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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Institutional Ownership by Quarter for JAKKS Pacific (NASDAQ:JAKK)

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