278,415 Shares in JAKKS Pacific, Inc. (NASDAQ:JAKK) Purchased by Philosophy Capital Management LLC

Philosophy Capital Management LLC bought a new stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 278,415 shares of the company’s stock, valued at approximately $7,105,000. JAKKS Pacific comprises 0.6% of Philosophy Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position. Philosophy Capital Management LLC owned about 2.53% of JAKKS Pacific as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Portolan Capital Management LLC purchased a new stake in JAKKS Pacific in the 3rd quarter valued at about $2,787,000. Corsair Capital Management L.P. increased its holdings in JAKKS Pacific by 31.2% in the 3rd quarter. Corsair Capital Management L.P. now owns 21,026 shares of the company’s stock valued at $537,000 after purchasing an additional 5,000 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in JAKKS Pacific in the third quarter valued at approximately $317,000. Empowered Funds LLC lifted its stake in JAKKS Pacific by 5.2% during the third quarter. Empowered Funds LLC now owns 54,413 shares of the company’s stock worth $1,389,000 after purchasing an additional 2,680 shares in the last quarter. Finally, Kovack Advisors Inc. boosted its position in shares of JAKKS Pacific by 5.8% during the third quarter. Kovack Advisors Inc. now owns 19,100 shares of the company’s stock worth $487,000 after buying an additional 1,050 shares during the period. Hedge funds and other institutional investors own 44.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on JAKK shares. Maxim Group assumed coverage on shares of JAKKS Pacific in a research note on Monday, August 26th. They set a “buy” rating and a $46.00 price target on the stock. StockNews.com raised JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, B. Riley increased their price target on JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, JAKKS Pacific currently has a consensus rating of “Buy” and an average price target of $41.67.

JAKKS Pacific Trading Down 4.2 %

Shares of JAKK stock opened at $28.28 on Wednesday. The company has a market cap of $310.80 million, a P/E ratio of 10.40 and a beta of 2.22. The firm has a fifty day moving average price of $27.29 and a 200 day moving average price of $22.97. JAKKS Pacific, Inc. has a 12 month low of $17.06 and a 12 month high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $1.36. JAKKS Pacific had a return on equity of 15.27% and a net margin of 4.87%. The company had revenue of $321.61 million during the quarter, compared to the consensus estimate of $303.44 million. On average, equities analysts forecast that JAKKS Pacific, Inc. will post 2.18 EPS for the current year.

Insider Activity at JAKKS Pacific

In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $27.62, for a total transaction of $1,332,747.86. Following the transaction, the chief financial officer now owns 95,544 shares of the company’s stock, valued at approximately $2,638,925.28. This trade represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

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.