Steward Partners Investment Advisory LLC Sells 1,150 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

Steward Partners Investment Advisory LLC cut its holdings in JAKKS Pacific, Inc. (NASDAQ:JAKKFree Report) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,900 shares of the company’s stock after selling 1,150 shares during the period. Steward Partners Investment Advisory LLC owned approximately 0.10% of JAKKS Pacific worth $352,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of JAKKS Pacific in the 4th quarter valued at about $192,000. Barclays PLC boosted its stake in shares of JAKKS Pacific by 280.4% during the third quarter. Barclays PLC now owns 10,485 shares of the company’s stock valued at $195,000 after purchasing an additional 7,729 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of JAKKS Pacific by 37.1% in the fourth quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock worth $196,000 after purchasing an additional 1,494 shares during the last quarter. Denali Advisors LLC purchased a new position in shares of JAKKS Pacific in the fourth quarter worth $203,000. Finally, Lynch Asset Management Inc. bought a new stake in JAKKS Pacific during the 4th quarter valued at $258,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Get Our Latest Report on JAKK

JAKKS Pacific Stock Down 2.0 %

JAKK opened at $18.18 on Friday. JAKKS Pacific, Inc. has a 52 week low of $15.30 and a 52 week high of $36.84. The stock has a market cap of $196.34 million, a PE ratio of 6.68 and a beta of 2.29. The business has a 50 day moving average of $20.21 and a 200-day moving average of $27.29.

JAKKS Pacific (NASDAQ:JAKKGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.91). The firm had revenue of $90.08 million for the quarter, compared to analysts’ expectations of $104.12 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 18.86%. Equities analysts anticipate that JAKKS Pacific, Inc. will post 2.69 EPS for the current year.

JAKKS Pacific Company Profile

(Free Report)

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.

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

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