Strs Ohio Sells 2,000 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

Strs Ohio trimmed its holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 10.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,400 shares of the company’s stock after selling 2,000 shares during the quarter. Strs Ohio owned approximately 0.16% of JAKKS Pacific worth $583,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in JAKKS Pacific in the 3rd quarter worth approximately $86,000. SG Americas Securities LLC bought a new position in shares of JAKKS Pacific during the 4th quarter valued at approximately $192,000. Denali Advisors LLC bought a new position in shares of JAKKS Pacific during the 4th quarter valued at approximately $203,000. Lynch Asset Management Inc. bought a new position in shares of JAKKS Pacific during the 4th quarter valued at approximately $258,000. Finally, Barclays PLC boosted its position in shares of JAKKS Pacific by 280.4% during the 3rd quarter. Barclays PLC now owns 10,485 shares of the company’s stock valued at $195,000 after acquiring an additional 7,729 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on JAKK shares. StockNews.com downgraded JAKKS Pacific from a “buy” rating to a “hold” rating in a research report on Friday. Ascendiant Capital Markets lowered their target price on JAKKS Pacific from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, April 1st. Finally, TheStreet downgraded JAKKS Pacific from a “b” rating to a “c+” rating in a research report on Friday, March 1st.

JAKKS Pacific Stock Performance

NASDAQ:JAKK opened at $19.08 on Friday. The stock’s fifty day moving average is $25.26 and its 200 day moving average is $27.83. JAKKS Pacific, Inc. has a fifty-two week low of $15.30 and a fifty-two week high of $36.84. The firm has a market capitalization of $206.06 million, a PE ratio of 7.01 and a beta of 2.34.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Wednesday, April 24th. The company reported ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.91). JAKKS Pacific had a return on equity of 19.07% and a net margin of 4.29%. The business had revenue of $90.08 million during the quarter, compared to analysts’ expectations of $104.12 million. Equities analysts forecast that JAKKS Pacific, Inc. will post 3.89 EPS for the current year.

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.