Janney Montgomery Scott LLC lifted its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK – Free Report) by 10.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,355 shares of the company’s stock after acquiring an additional 1,438 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.16% of JAKKS Pacific worth $307,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. UBS Group AG increased its stake in shares of JAKKS Pacific by 357.8% in the fourth quarter. UBS Group AG now owns 1,401 shares of the company’s stock worth $25,000 after acquiring an additional 1,095 shares during the last quarter. Tower Research Capital LLC TRC increased its position in JAKKS Pacific by 4,676.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,433 shares of the company’s stock worth $25,000 after buying an additional 1,403 shares during the last quarter. State of Tennessee Treasury Department acquired a new position in JAKKS Pacific during the first quarter worth $135,000. Royal Bank of Canada acquired a new position in JAKKS Pacific during the third quarter worth $165,000. Finally, Barclays PLC increased its position in JAKKS Pacific by 972.9% during the first quarter. Barclays PLC now owns 10,439 shares of the company’s stock worth $181,000 after buying an additional 9,466 shares during the last quarter. 48.39% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have commented on JAKK. TheStreet raised shares of JAKKS Pacific from a “c+” rating to a “b” rating in a research report on Wednesday. StockNews.com began coverage on shares of JAKKS Pacific in a research report on Thursday, October 5th. They set a “buy” rating on the stock.
JAKKS Pacific Stock Performance
Shares of NASDAQ:JAKK opened at $23.00 on Friday. The company has a market cap of $231.61 million, a P/E ratio of 3.41 and a beta of 2.20. The stock’s 50-day moving average is $18.21 and its 200-day moving average is $19.99. JAKKS Pacific, Inc. has a 52-week low of $13.67 and a 52-week high of $24.61.
About JAKKS Pacific
JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, kids indoor and outdoor furniture, 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.
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