JAKKS Pacific (NASDAQ:JAKK) Upgraded at Zacks Research

JAKKS Pacific (NASDAQ:JAKK) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Wall Street Zen upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, JAKKS Pacific currently has an average rating of “Hold”.

JAKKS Pacific Stock Performance

NASDAQ JAKK opened at $20.56 on Monday. The stock has a fifty day moving average of $19.09 and a 200-day moving average of $18.07. The stock has a market capitalization of $235.21 million, a P/E ratio of 24.19 and a beta of 1.58. JAKKS Pacific has a 52 week low of $14.86 and a 52 week high of $26.49.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in JAKK. Aviva PLC bought a new stake in JAKKS Pacific in the second quarter valued at about $469,000. Acadian Asset Management LLC grew its position in shares of JAKKS Pacific by 13.2% during the 2nd quarter. Acadian Asset Management LLC now owns 106,474 shares of the company’s stock worth $2,211,000 after buying an additional 12,383 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of JAKKS Pacific during the 2nd quarter worth about $530,000. Gratia Capital LLC bought a new stake in shares of JAKKS Pacific in the 2nd quarter valued at about $3,116,000. Finally, Squarepoint Ops LLC raised its position in shares of JAKKS Pacific by 328.1% in the 2nd quarter. Squarepoint Ops LLC now owns 45,508 shares of the company’s stock valued at $946,000 after acquiring an additional 34,879 shares during the period. 44.38% of the stock is currently owned by institutional investors.

About JAKKS Pacific

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.