JAKKS Pacific, Inc. (NASDAQ:JAKK) Stock Position Lowered by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 13.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 248,418 shares of the company’s stock after selling 38,100 shares during the period. Renaissance Technologies LLC owned 2.30% of JAKKS Pacific worth $4,449,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in JAKK. LSV Asset Management grew 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 buying an additional 60,977 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in JAKKS Pacific by 35.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 98,518 shares of the company’s stock valued at $2,433,000 after acquiring an additional 25,900 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of JAKKS Pacific by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 375,395 shares of the company’s stock valued at $9,272,000 after purchasing an additional 10,746 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of JAKKS Pacific in the fourth quarter worth approximately $1,355,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of JAKKS Pacific by 32.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 31,718 shares of the company’s stock worth $783,000 after purchasing an additional 7,708 shares during the period. 44.38% of the stock is owned by institutional investors and hedge funds.

JAKKS Pacific Trading Up 3.0 %

JAKK stock opened at $25.79 on Friday. The firm has a market cap of $278.56 million, a PE ratio of 9.53 and a beta of 2.34. JAKKS Pacific, Inc. has a 1 year low of $15.30 and a 1 year high of $36.84. The company has a fifty day simple moving average of $22.83 and a 200 day simple moving average of $21.09.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data 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). The company had revenue of $148.62 million during the quarter, compared to the consensus estimate of $162.42 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 14.36%. As a group, analysts forecast that JAKKS Pacific, Inc. will post 2.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Small Cap Consu upgraded shares of JAKKS Pacific to a “strong-buy” rating in a research note on Tuesday, July 16th. Maxim Group started coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They issued a “buy” rating and a $46.00 price target on the stock. B. Riley assumed coverage on JAKKS Pacific in a research report on Tuesday, September 17th. They set a “buy” rating and a $37.00 price objective for the company. Finally, StockNews.com downgraded JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $40.33.

About JAKKS Pacific

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.