JAKKS Pacific, Inc. (NASDAQ:JAKK) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its holdings in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 69.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,317 shares of the company’s stock after selling 183,890 shares during the period. Acadian Asset Management LLC owned approximately 0.74% of JAKKS Pacific worth $1,438,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JAKK. LSV Asset Management increased its holdings in shares of JAKKS Pacific by 40.3% during the first quarter. LSV Asset Management now owns 212,380 shares of the company’s stock valued at $5,246,000 after purchasing an additional 60,977 shares during the period. Pacific Ridge Capital Partners LLC increased its holdings in shares of JAKKS Pacific by 56.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 119,667 shares of the company’s stock valued at $4,254,000 after purchasing an additional 43,009 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of JAKKS Pacific by 131.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 72,618 shares of the company’s stock valued at $2,582,000 after purchasing an additional 41,250 shares during the period. Quadrature Capital Ltd acquired a new position in shares of JAKKS Pacific during the fourth quarter valued at $1,355,000. Finally, Jump Financial LLC bought a new position in JAKKS Pacific during the fourth quarter valued at about $885,000. 44.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at JAKKS Pacific

In other JAKKS Pacific news, major shareholder Lawrence I. Rosen acquired 10,088 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was purchased at an average cost of $17.58 per share, for a total transaction of $177,347.04. Following the transaction, the insider now owns 1,885,672 shares of the company’s stock, valued at approximately $33,150,113.76. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

JAKK has been the subject of several research reports. Small Cap Consu raised JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. StockNews.com cut JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Maxim Group initiated coverage on JAKKS Pacific in a research note on Monday, August 26th. They set a “buy” rating and a $46.00 target price for the company. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, JAKKS Pacific has a consensus rating of “Buy” and a consensus target price of $42.00.

JAKKS Pacific Stock Up 0.1 %

NASDAQ:JAKK opened at $23.48 on Monday. JAKKS Pacific, Inc. has a 1-year low of $15.30 and a 1-year high of $36.84. The firm has a market capitalization of $253.61 million, a price-to-earnings ratio of 8.63 and a beta of 2.34. The stock has a fifty day simple moving average of $21.62 and a 200 day simple moving average of $21.04.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). JAKKS Pacific had a net margin of 4.29% and a return on equity of 14.36%. The company had revenue of $148.62 million during the quarter, compared to analyst estimates of $162.42 million. Equities analysts predict that JAKKS Pacific, Inc. will post 2.18 earnings per share for the current year.

JAKKS Pacific Profile

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.