Renaissance Technologies LLC lowered its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,604,300 shares of the company’s stock after selling 33,225 shares during the period. Renaissance Technologies LLC owned 0.10% of JAKKS Pacific worth $8,262,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of JAKK. Hancock Holding Co. purchased a new stake in JAKKS Pacific during the third quarter valued at about $123,000. Emerald Advisers Inc. PA raised its stake in JAKKS Pacific by 24.3% in the third quarter. Emerald Advisers Inc. PA now owns 17,682 shares of the company’s stock valued at $153,000 after buying an additional 3,453 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of JAKKS Pacific during the fourth quarter valued at approximately $177,000. Bronfman E.L. Rothschild L.P. bought a new position in shares of JAKKS Pacific during the third quarter valued at approximately $215,000. Finally, Wall Street Associates bought a new position in shares of JAKKS Pacific during the fourth quarter valued at approximately $237,000.
JAKKS Pacific, Inc. (NASDAQ:JAKK) opened at 5.40 on Monday. JAKKS Pacific, Inc. has a 52 week low of $4.63 and a 52 week high of $9.75. The company has a 50-day moving average of $5.30 and a 200 day moving average of $6.51. The company has a market cap of $86.76 million, a P/E ratio of 77.14 and a beta of 0.69.
JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Thursday, February 23rd. The company reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.15. JAKKS Pacific had a negative net margin of 0.07% and a negative return on equity of 0.37%. The company had revenue of $167 million for the quarter, compared to analyst estimates of $159.38 million. During the same quarter in the previous year, the firm posted ($0.50) earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that JAKKS Pacific, Inc. will post $0.39 EPS for the current fiscal year.
JAKK has been the subject of several research reports. B. Riley set a $5.00 price objective on shares of JAKKS Pacific and gave the company a “hold” rating in a research note on Monday, December 19th. Piper Jaffray Companies downgraded shares of JAKKS Pacific from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $11.00 to $6.00 in a research note on Monday, December 19th. BMO Capital Markets downgraded shares of JAKKS Pacific from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $9.00 to $6.00 in a research note on Monday, December 19th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $7.00 price objective (down previously from $8.00) on shares of JAKKS Pacific in a research note on Wednesday, December 21st. Six analysts have rated the stock with a hold rating, JAKKS Pacific has an average rating of “Hold” and an average price target of $6.70.
In other JAKKS Pacific news, major shareholder Oasis Investments Ii Master Fu purchased 30,177 shares of the stock in a transaction dated Thursday, December 29th. The shares were bought at an average price of $5.10 per share, with a total value of $153,902.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders bought 247,824 shares of company stock worth $1,243,753. Insiders own 5.20% of the company’s stock.
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.
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