JAKKS Pacific, Inc. (NASDAQ:JAKK) Stake Lifted by LSV Asset Management

LSV Asset Management increased its position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 28.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,403 shares of the company’s stock after purchasing an additional 33,607 shares during the period. LSV Asset Management’s holdings in JAKKS Pacific were worth $5,382,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in JAKK. Bank of New York Mellon Corp lifted its holdings in shares of JAKKS Pacific by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 38,579 shares of the company’s stock valued at $717,000 after purchasing an additional 768 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in JAKKS Pacific by 37.1% during the fourth quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock valued at $196,000 after buying an additional 1,494 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of JAKKS Pacific by 11.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 17,044 shares of the company’s stock worth $317,000 after acquiring an additional 1,689 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of JAKKS Pacific by 27.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,289 shares of the company’s stock valued at $303,000 after acquiring an additional 3,461 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of JAKKS Pacific in the third quarter worth $86,000. 44.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Ascendiant Capital Markets lowered their price target on JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Finally, TheStreet cut JAKKS Pacific from a “b” rating to a “c+” rating in a research report on Friday, March 1st.

JAKKS Pacific Trading Up 1.2 %

JAKK opened at $18.99 on Thursday. The business has a 50 day moving average of $22.73 and a 200-day moving average of $27.98. The stock has a market capitalization of $205.09 million, a price-to-earnings ratio of 6.98 and a beta of 2.39. JAKKS Pacific, Inc. has a 1-year low of $15.30 and a 1-year high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Wednesday, April 24th. The company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.91). The company had revenue of $90.08 million for the quarter, compared to analyst estimates of $104.12 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 18.85%. Equities analysts predict that JAKKS Pacific, Inc. will post 3.89 EPS for the current 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.