Adirondack Research & Management Inc. cut its holdings in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 10.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 429,417 shares of the company’s stock after selling 51,200 shares during the period. Adirondack Research & Management Inc. owned approximately 1.59% of JAKKS Pacific worth $1,288,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its holdings in JAKKS Pacific by 59.2% in the third quarter. Daiwa Securities Group Inc. now owns 895,619 shares of the company’s stock valued at $2,703,000 after acquiring an additional 333,070 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in shares of JAKKS Pacific in the second quarter worth about $318,000. Goldman Sachs Group Inc. raised its stake in shares of JAKKS Pacific by 273.2% in the second quarter. Goldman Sachs Group Inc. now owns 91,550 shares of the company’s stock worth $366,000 after buying an additional 67,020 shares during the period. LMR Partners LLP bought a new position in shares of JAKKS Pacific in the second quarter worth about $194,000. Finally, California Public Employees Retirement System raised its stake in shares of JAKKS Pacific by 22.7% in the first quarter. California Public Employees Retirement System now owns 217,468 shares of the company’s stock worth $1,196,000 after buying an additional 40,300 shares during the period. 56.62% of the stock is currently owned by institutional investors.

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JAKKS Pacific, Inc. (NASDAQ JAKK) traded up $0.05 during midday trading on Friday, reaching $2.65. The company’s stock had a trading volume of 91,923 shares, compared to its average volume of 240,644. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.96 and a quick ratio of 1.38. JAKKS Pacific, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $7.45.

JAKKS Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.32). The firm had revenue of $262.40 million for the quarter, compared to analysts’ expectations of $294.59 million. JAKKS Pacific had a negative net margin of 9.36% and a negative return on equity of 15.58%. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. research analysts forecast that JAKKS Pacific, Inc. will post -0.04 EPS for the current fiscal year.

JAKK has been the topic of several recent research reports. ValuEngine downgraded JAKKS Pacific from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. DA Davidson reissued a “neutral” rating and set a $3.75 target price (down previously from $5.00) on shares of JAKKS Pacific in a research note on Saturday, July 22nd. TheStreet downgraded JAKKS Pacific from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. BMO Capital Markets set a $4.00 target price on JAKKS Pacific and gave the company a “hold” rating in a research note on Wednesday, July 26th. Finally, Stifel Nicolaus decreased their target price on JAKKS Pacific from $4.50 to $3.30 and set a “hold” rating on the stock in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $3.93.

JAKKS Pacific Company Profile

JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.

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Institutional Ownership by Quarter for JAKKS Pacific (NASDAQ:JAKK)

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