Jakks Pacific (JAKK) Holdings Trimmed by Millennium Management LLC

Millennium Management LLC decreased its holdings in Jakks Pacific (NASDAQ:JAKK) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 181,494 shares of the company’s stock after selling 30,347 shares during the quarter. Millennium Management LLC owned 0.67% of Jakks Pacific worth $427,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of JAKK. Renaissance Technologies LLC increased its position in shares of Jakks Pacific by 9.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,069,500 shares of the company’s stock valued at $4,863,000 after purchasing an additional 182,100 shares during the last quarter. Spark Investment Management LLC bought a new position in Jakks Pacific in the 4th quarter worth approximately $114,000. Virtu Financial LLC bought a new position in Jakks Pacific in the 4th quarter worth approximately $149,000. Finally, Wells Fargo & Company MN boosted its stake in Jakks Pacific by 41.3% in the 4th quarter. Wells Fargo & Company MN now owns 73,374 shares of the company’s stock worth $172,000 after purchasing an additional 21,463 shares during the period. 43.02% of the stock is owned by institutional investors and hedge funds.

NASDAQ JAKK opened at $3.05 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.91 and a quick ratio of 1.43. Jakks Pacific has a one year low of $2.70 and a one year high of $2.70.

Jakks Pacific (NASDAQ:JAKK) last posted its earnings results on Thursday, April 26th. The company reported ($0.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.18). The firm had revenue of $93.00 million for the quarter, compared to the consensus estimate of $87.65 million. Jakks Pacific had a negative net margin of 16.52% and a negative return on equity of 27.69%. analysts expect that Jakks Pacific will post -0.75 EPS for the current year.

JAKK has been the subject of several recent analyst reports. Stifel Nicolaus dropped their price target on Jakks Pacific from $2.70 to $2.50 and set a “hold” rating for the company in a research note on Friday, April 27th. Zacks Investment Research upgraded Jakks Pacific from a “sell” rating to a “hold” rating in a research note on Monday, March 12th. BMO Capital Markets restated a “market perform” rating and issued a $2.50 price target (down from $3.50) on shares of Jakks Pacific in a research note on Friday, February 23rd. Finally, ValuEngine upgraded Jakks Pacific from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $2.69.

Jakks Pacific Company Profile

JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates in three segments: U.S. and Canada, International, and Halloween. It 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 toys; private label products; and foot-to-floor ride-on toys, inflatable environments, tents, and wagons.

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Institutional Ownership by Quarter for Jakks Pacific (NASDAQ:JAKK)

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