Allspring Global Investments Holdings LLC Sells 598 Shares of JAKKS Pacific, Inc. $JAKK

Allspring Global Investments Holdings LLC decreased its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,339 shares of the company’s stock after selling 598 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.09% of JAKKS Pacific worth $215,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new stake in shares of JAKKS Pacific in the first quarter valued at $2,320,000. AQR Capital Management LLC raised its stake in shares of JAKKS Pacific by 67.9% in the first quarter. AQR Capital Management LLC now owns 140,666 shares of the company’s stock valued at $3,470,000 after acquiring an additional 56,873 shares during the period. Islay Capital Management LLC purchased a new stake in shares of JAKKS Pacific in the first quarter valued at $1,149,000. Anson Funds Management LP raised its stake in shares of JAKKS Pacific by 70.7% in the first quarter. Anson Funds Management LP now owns 95,182 shares of the company’s stock valued at $2,348,000 after acquiring an additional 39,414 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of JAKKS Pacific in the first quarter valued at $971,000. Hedge funds and other institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Stock Up 0.3%

JAKKS Pacific stock opened at $19.34 on Friday. JAKKS Pacific, Inc. has a 52-week low of $16.24 and a 52-week high of $35.79. The firm has a market capitalization of $215.64 million, a price-to-earnings ratio of 5.71 and a beta of 1.36. The company has a fifty day simple moving average of $18.30 and a 200-day simple moving average of $19.22.

Analyst Upgrades and Downgrades

Several research analysts recently commented on JAKK shares. Zacks Research downgraded shares of JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Monday, September 29th. Wall Street Zen cut shares of JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of JAKKS Pacific in a report on Saturday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, JAKKS Pacific currently has an average rating of “Hold” and an average price target of $41.00.

JAKKS Pacific Company 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.