21,264 Shares in JAKKS Pacific, Inc. (NASDAQ:JAKK) Acquired by Summit Global Investments

Summit Global Investments purchased a new position in JAKKS Pacific, Inc. (NASDAQ:JAKK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,264 shares of the company’s stock, valued at approximately $756,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JAKK. Pacific Ridge Capital Partners LLC bought a new position in shares of JAKKS Pacific in the third quarter worth approximately $1,425,000. LSV Asset Management boosted its position in JAKKS Pacific by 86.4% during the 3rd quarter. LSV Asset Management now owns 117,796 shares of the company’s stock valued at $2,190,000 after buying an additional 54,601 shares during the period. Crown Advisors Management Inc. grew its holdings in JAKKS Pacific by 158.6% in the 3rd quarter. Crown Advisors Management Inc. now owns 75,000 shares of the company’s stock worth $1,394,000 after acquiring an additional 46,000 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of JAKKS Pacific in the third quarter valued at about $528,000. Finally, GSG Advisors LLC purchased a new position in shares of JAKKS Pacific in the third quarter valued at about $340,000. Institutional investors own 44.38% of the company’s stock.

Analysts Set New Price Targets

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

JAKKS Pacific Trading Down 1.9 %

Shares of NASDAQ JAKK opened at $18.69 on Friday. The firm has a fifty day simple moving average of $23.74 and a two-hundred day simple moving average of $27.95. JAKKS Pacific, Inc. has a 12 month low of $15.30 and a 12 month high of $36.84. The firm has a market capitalization of $201.85 million, a PE ratio of 6.87 and a beta of 2.39.

JAKKS Pacific (NASDAQ:JAKK) last announced its quarterly earnings results on Wednesday, April 24th. The company reported ($1.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.91). JAKKS Pacific had a net margin of 4.29% and a return on equity of 18.85%. The company had revenue of $90.08 million for the quarter, compared to analysts’ expectations of $104.12 million. On average, sell-side analysts predict that JAKKS Pacific, Inc. will post 3.89 earnings per share for the current year.

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.