Great West Life Assurance Co. Can maintained its position in Jakks Pacific Inc. (NASDAQ:JAKK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,036 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can owned 0.11% of Jakks Pacific worth $134,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JAKK. Spark Investment Management LLC acquired a new position in Jakks Pacific during the first quarter worth approximately $461,000. Rothschild Asset Management Inc. boosted 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 worth $3,755,000 after buying an additional 22,244 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Jakks Pacific during the second quarter worth approximately $200,000. Acadian Asset Management LLC boosted its position in Jakks Pacific by 18.2% in the first quarter. Acadian Asset Management LLC now owns 830,449 shares of the company’s stock worth $6,178,000 after buying an additional 127,907 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in Jakks Pacific during the first quarter worth approximately $163,000.
Jakks Pacific Inc. (NASDAQ:JAKK) traded down 1.15% on Friday, reaching $8.63. The company’s stock had a trading volume of 181,990 shares. Jakks Pacific Inc. has a 52 week low of $6.17 and a 52 week high of $9.75. The stock has a market capitalization of $139.39 million, a P/E ratio of 16.47 and a beta of 0.34. The firm has a 50 day moving average price of $9.08 and a 200 day moving average price of $8.11.
Jakks Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the Zacks’ 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 company earned $141 million during the quarter, compared to the consensus estimate of $134.80 million. During the same period last year, the firm earned ($0.30) EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts anticipate that Jakks Pacific Inc. will post $0.79 EPS for the current year.
JAKK has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Jakks Pacific from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a report on Tuesday. B. Riley reiterated a “neutral” rating and issued a $10.00 price objective on shares of Jakks Pacific in a report on Tuesday, July 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $11.58.
In other news, major shareholder Patrick Soon-Shiong sold 7,000 shares of Jakks Pacific stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $8.08, for a total transaction of $56,560.00. Following the completion of the sale, the insider now directly owns 239,622 shares in the company, valued at approximately $1,936,145.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.10% of the company’s stock.
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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