Bank of New York Mellon Corp Has $1.15 Million Holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Bank of New York Mellon Corp grew its position in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,296 shares of the company’s stock after acquiring an additional 1,363 shares during the quarter. Bank of New York Mellon Corp’s holdings in JAKKS Pacific were worth $1,152,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of JAKK. Russell Investments Group Ltd. raised its holdings in JAKKS Pacific by 37.1% during the fourth quarter. Russell Investments Group Ltd. now owns 5,522 shares of the company’s stock worth $196,000 after buying an additional 1,494 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of JAKKS Pacific by 17.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 20,052 shares of the company’s stock worth $713,000 after acquiring an additional 3,008 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of JAKKS Pacific by 56.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 119,667 shares of the company’s stock worth $4,254,000 after acquiring an additional 43,009 shares in the last quarter. Privium Fund Management UK Ltd acquired a new stake in shares of JAKKS Pacific in the 4th quarter worth about $313,000. Finally, Quadrature Capital Ltd bought a new position in JAKKS Pacific in the 4th quarter valued at about $1,355,000. 44.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JAKK has been the subject of a number of recent research reports. Small Cap Consu raised JAKKS Pacific to a “strong-buy” rating in a report on Tuesday, July 16th. Maxim Group initiated coverage on JAKKS Pacific in a report on Monday, August 26th. They set a “buy” rating and a $46.00 price target for the company. StockNews.com cut JAKKS Pacific from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, B. Riley began coverage on shares of JAKKS Pacific in a research note on Tuesday. They issued a “buy” rating and a $37.00 target price for the company. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $40.33.

JAKKS Pacific Trading Down 1.0 %

Shares of JAKK opened at $25.88 on Friday. The stock has a 50 day moving average of $22.34 and a 200 day moving average of $21.05. The company has a market capitalization of $279.53 million, a price-to-earnings ratio of 9.51 and a beta of 2.34. JAKKS Pacific, Inc. has a 12 month low of $15.30 and a 12 month high of $36.84.

JAKKS Pacific (NASDAQ:JAKK) last announced its earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.22). The business had revenue of $148.62 million for the quarter, compared to analysts’ expectations of $162.42 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 14.36%. As a group, equities research analysts predict that JAKKS Pacific, Inc. will post 2.18 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.