StockNews.com cut shares of JAKKS Pacific (NASDAQ:JAKK – Free Report) from a buy rating to a hold rating in a research note published on Monday morning.
Separately, Small Cap Consu upgraded shares of JAKKS Pacific to a strong-buy rating in a research note on Tuesday, July 16th.
Get Our Latest Stock Analysis on JAKKS Pacific
JAKKS Pacific Trading Up 2.8 %
Insider Buying and Selling at JAKKS Pacific
In other JAKKS Pacific news, major shareholder Lawrence I. Rosen bought 10,088 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was acquired at an average price of $17.58 per share, for a total transaction of $177,347.04. Following the completion of the purchase, the insider now owns 1,885,672 shares of the company’s stock, valued at $33,150,113.76. The acquisition was disclosed in a filing with the SEC, which is available through this link. 3.20% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On JAKKS Pacific
A number of large investors have recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in JAKKS Pacific in the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. boosted its stake in shares of JAKKS Pacific by 1,617.0% in the second quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock valued at $63,000 after buying an additional 3,331 shares in the last quarter. SG Americas Securities LLC acquired a new position in JAKKS Pacific during the fourth quarter worth $192,000. Russell Investments Group Ltd. raised its position in 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 acquiring an additional 1,494 shares in the last quarter. Finally, Lynch Asset Management Inc. acquired a new stake in JAKKS Pacific in the fourth quarter valued at $258,000. Hedge funds and other institutional investors own 44.38% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than JAKKS Pacific
- 5 discounted opportunities for dividend growth investors
- Owens-Corning Stock: Good Value or Recession Red Flag?
- What does consumer price index measure?
- Datadog Exceeds Q2 Expectations, Solidifies Market Leadership
- The How and Why of Investing in Gold Stocks
- Cybersecurity Stock Surges, Promising Double-Digit Gains
Receive News & Ratings for JAKKS Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JAKKS Pacific and related companies with MarketBeat.com's FREE daily email newsletter.