Empowered Funds LLC Raises Stock Holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK)

Empowered Funds LLC boosted its stake in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,157 shares of the company’s stock after buying an additional 2,744 shares during the period. Empowered Funds LLC owned approximately 0.52% of JAKKS Pacific worth $1,609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Philosophy Capital Management LLC purchased a new stake in JAKKS Pacific in the 3rd quarter valued at about $7,105,000. Geode Capital Management LLC raised its holdings in JAKKS Pacific by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 198,146 shares of the company’s stock valued at $5,057,000 after buying an additional 12,809 shares during the period. State Street Corp increased its stake in JAKKS Pacific by 4.2% during the third quarter. State Street Corp now owns 148,012 shares of the company’s stock worth $3,777,000 after purchasing an additional 5,901 shares during the period. Portolan Capital Management LLC purchased a new stake in JAKKS Pacific during the third quarter worth about $2,787,000. Finally, Evernest Financial Advisors LLC purchased a new stake in JAKKS Pacific during the fourth quarter worth about $1,437,000. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

JAKKS Pacific Stock Performance

Shares of JAKKS Pacific stock opened at $34.07 on Friday. JAKKS Pacific, Inc. has a one year low of $17.06 and a one year high of $36.35. The company has a market cap of $374.43 million, a PE ratio of 12.53 and a beta of 2.22. The business has a 50-day simple moving average of $28.78 and a 200-day simple moving average of $26.71.

Analyst Ratings Changes

A number of brokerages have issued reports on JAKK. B. Riley boosted their price target on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $41.67.

Insider Transactions at JAKKS Pacific

In related news, CFO John Louis Kimble sold 48,253 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $27.62, for a total value of $1,332,747.86. Following the completion of the transaction, the chief financial officer now directly owns 95,544 shares of the company’s stock, valued at $2,638,925.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.50% 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.