Barclays PLC Buys 6,526 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

Barclays PLC grew its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 62.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,037 shares of the company’s stock after acquiring an additional 6,526 shares during the quarter. Barclays PLC’s holdings in JAKKS Pacific were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JAKK. nVerses Capital LLC acquired a new position in JAKKS Pacific during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. increased its position in shares of JAKKS Pacific by 1,617.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after buying an additional 3,331 shares in the last quarter. Rhumbline Advisers raised its stake in JAKKS Pacific by 15.4% during the 2nd quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock worth $219,000 after buying an additional 1,636 shares during the period. Sei Investments Co. lifted its holdings in JAKKS Pacific by 50.9% during the second quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock worth $239,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in JAKKS Pacific in the third quarter valued at about $317,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at JAKKS Pacific

In other news, CFO John Louis Kimble sold 48,253 shares of JAKKS Pacific stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $27.62, for a total value of $1,332,747.86. Following the completion of the transaction, the chief financial officer now owns 95,544 shares of the company’s stock, valued at $2,638,925.28. This trade represents a 33.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on JAKK shares. StockNews.com upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st. B. Riley raised their target price on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, JAKKS Pacific has an average rating of “Buy” and an average price target of $41.67.

JAKKS Pacific Stock Up 1.1 %

NASDAQ JAKK opened at $28.39 on Friday. JAKKS Pacific, Inc. has a 12-month low of $17.06 and a 12-month high of $36.63. The firm’s 50 day moving average is $28.14 and its 200-day moving average is $24.32. The company has a market capitalization of $312.01 million, a PE ratio of 10.44 and a beta of 2.22.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 EPS for the quarter, topping the consensus estimate of $3.24 by $1.36. The firm had revenue of $321.61 million for the quarter, compared to analysts’ expectations of $303.44 million. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. As a group, sell-side analysts expect that JAKKS Pacific, Inc. will post 2.18 EPS for the current year.

JAKKS Pacific Company 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.