Zacks Research Upgrades JAKKS Pacific (NASDAQ:JAKK) to Hold

JAKKS Pacific (NASDAQ:JAKK) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Separately, Wall Street Zen raised JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

JAKKS Pacific Trading Down 0.2%

Shares of JAKK stock opened at $20.56 on Monday. The business’s 50 day moving average is $19.09 and its two-hundred day moving average is $18.07. JAKKS Pacific has a twelve month low of $14.86 and a twelve month high of $26.49. The company has a market capitalization of $235.21 million, a P/E ratio of 24.19 and a beta of 1.58.

Hedge Funds Weigh In On JAKKS Pacific

Several institutional investors and hedge funds have recently added to or reduced their stakes in JAKK. Sandia Investment Management LP raised its stake in shares of JAKKS Pacific by 6.4% during the 2nd quarter. Sandia Investment Management LP now owns 11,011 shares of the company’s stock worth $229,000 after buying an additional 666 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of JAKKS Pacific by 9.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,220 shares of the company’s stock valued at $189,000 after buying an additional 982 shares in the last quarter. State of Wyoming grew its holdings in JAKKS Pacific by 42.8% during the fourth quarter. State of Wyoming now owns 4,140 shares of the company’s stock worth $70,000 after acquiring an additional 1,240 shares during the period. Hantz Financial Services Inc. acquired a new position in JAKKS Pacific during the third quarter worth $25,000. Finally, EMC Capital Management purchased a new position in JAKKS Pacific in the second quarter worth $28,000. Institutional investors and hedge funds own 44.38% of the company’s stock.

About JAKKS Pacific

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.