Sei Investments Co. Purchases 4,500 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

Sei Investments Co. grew its position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 50.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,335 shares of the company’s stock after purchasing an additional 4,500 shares during the quarter. Sei Investments Co. owned approximately 0.12% of JAKKS Pacific worth $239,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of JAKK. nVerses Capital LLC purchased a new stake in JAKKS Pacific in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. grew its stake in JAKKS Pacific by 1,617.0% in the second quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock worth $63,000 after purchasing an additional 3,331 shares during the period. Lazard Asset Management LLC raised its holdings in JAKKS Pacific by 13.0% in the first quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock worth $218,000 after purchasing an additional 1,020 shares in the last quarter. Rhumbline Advisers lifted its position in JAKKS Pacific by 15.4% during the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock valued at $219,000 after buying an additional 1,636 shares during the period. Finally, Victory Capital Management Inc. lifted its position in JAKKS Pacific by 217.4% during the second quarter. Victory Capital Management Inc. now owns 19,577 shares of the company’s stock valued at $351,000 after buying an additional 13,409 shares during the period. 44.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JAKK has been the topic of a number of recent analyst reports. Maxim Group initiated coverage on shares of JAKKS Pacific in a report on Monday, August 26th. They set a “buy” rating and a $46.00 price target on the stock. StockNews.com lowered shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. B. Riley assumed coverage on JAKKS Pacific in a research note on Tuesday, September 17th. They issued a “buy” rating and a $37.00 price target on the stock. Finally, Small Cap Consu upgraded JAKKS Pacific to a “strong-buy” rating in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $40.33.

JAKKS Pacific Price Performance

NASDAQ JAKK opened at $26.54 on Friday. JAKKS Pacific, Inc. has a 1-year low of $15.30 and a 1-year high of $36.84. The business has a 50 day simple moving average of $23.81 and a two-hundred day simple moving average of $21.19. The stock has a market capitalization of $286.66 million, a PE ratio of 9.76 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last announced 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). 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 for the quarter, compared to the consensus estimate of $162.42 million. On average, analysts anticipate that JAKKS Pacific, Inc. will post 2.18 EPS for the current fiscal year.

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.