Pine River Capital Management Acquires 3,300 Shares of Jakks Pacific Inc. (JAKK) Stock
Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management acquired 3,300 shares of the business’s stock in a transaction on Friday, May 13th. The shares were purchased at an average price of $7.20 per share, with a total value of $23,760.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Jakks Pacific Inc. (NASDAQ:JAKK) traded up 1.89% during trading on Wednesday, hitting $8.63. 78,926 shares of the stock were exchanged. The company has a market cap of $139.39 million, a price-to-earnings ratio of 16.47 and a beta of 0.34. The stock’s 50 day moving average is $9.12 and its 200-day moving average is $8.09. Jakks Pacific Inc. has a one year low of $6.17 and a one year high of $9.75.
Jakks Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.04. The firm earned $141 million during the quarter, compared to the consensus estimate of $134.80 million. Jakks Pacific had a net margin of 2.00% and a return on equity of 10.42%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.30) earnings per share. On average, equities research analysts expect that Jakks Pacific Inc. will post $0.79 earnings per share for the current fiscal year.
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A number of brokerages have commented on JAKK. B. Riley restated a “neutral” rating and set a $8.25 price objective on shares of Jakks Pacific in a research report on Wednesday, May 25th. Zacks Investment Research downgraded shares of Jakks Pacific from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Jakks Pacific presently has a consensus rating of “Buy” and a consensus target price of $11.58.
A number of institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its position in Jakks Pacific by 105.5% in the second quarter. Acrospire Investment Management LLC now owns 16,976 shares of the company’s stock worth $134,000 after buying an additional 8,714 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Jakks Pacific during the first quarter worth approximately $141,000. Highbridge Capital Management LLC acquired a new position in Jakks Pacific during the second quarter worth approximately $162,000. Goldman Sachs Group Inc. acquired a new position in Jakks Pacific during the first quarter worth approximately $163,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in Jakks Pacific during the second quarter worth approximately $200,000.
Jakks Pacific Company Profile
JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.
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