OMERS ADMINISTRATION Corp Acquires Shares of 13,700 Funko, Inc. (NASDAQ:FNKO)

OMERS ADMINISTRATION Corp acquired a new stake in shares of Funko, Inc. (NASDAQ:FNKO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 13,700 shares of the company’s stock, valued at approximately $183,000.

Other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new position in shares of Funko in the fourth quarter valued at $38,000. Intech Investment Management LLC purchased a new position in shares of Funko in the fourth quarter valued at $148,000. Hsbc Holdings PLC purchased a new position in shares of Funko in the fourth quarter valued at $152,000. AlphaQuest LLC grew its holdings in shares of Funko by 115.8% in the fourth quarter. AlphaQuest LLC now owns 14,154 shares of the company’s stock valued at $190,000 after purchasing an additional 7,595 shares in the last quarter. Finally, Caxton Associates LP purchased a new position in shares of Funko in the fourth quarter valued at $203,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. DA Davidson upgraded Funko to a “strong-buy” rating in a report on Thursday, May 15th. The Goldman Sachs Group raised shares of Funko from a “sell” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $5.50 in a research note on Wednesday, May 14th.

Funko Stock Down 4.0%

Shares of FNKO opened at $4.12 on Wednesday. The firm has a market capitalization of $224.68 million, a P/E ratio of -8.58 and a beta of 0.85. Funko, Inc. has a 12-month low of $3.50 and a 12-month high of $14.65. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average price of $5.15 and a 200-day moving average price of $9.80.

Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, May 8th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.10. The firm had revenue of $190.74 million during the quarter, compared to analyst estimates of $191.96 million. Funko had a negative net margin of 2.29% and a negative return on equity of 3.44%. The business’s revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.17) earnings per share. Equities research analysts expect that Funko, Inc. will post -0.12 earnings per share for the current year.

Insider Activity

In related news, insider Tracy D. Daw sold 18,608 shares of Funko stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $7.14, for a total value of $132,861.12. Following the completion of the sale, the insider now directly owns 26,332 shares in the company, valued at $188,010.48. The trade was a 41.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Andrew David Oddie sold 3,867 shares of Funko stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $8.87, for a total value of $34,300.29. Following the completion of the sale, the insider now owns 23,200 shares of the company’s stock, valued at $205,784. The trade was a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,344 shares of company stock valued at $287,246. 3.27% of the stock is currently owned by company insiders.

Funko Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.