Anson Funds Management LP Sells 11,321 Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK)

Anson Funds Management LP reduced its stake in shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) by 12.2% in the third quarter, Holdings Channel reports. The fund owned 81,556 shares of the company’s stock after selling 11,321 shares during the quarter. Anson Funds Management LP’s holdings in JAKKS Pacific were worth $2,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp grew its position in shares of JAKKS Pacific by 4.2% during the 3rd quarter. State Street Corp now owns 148,012 shares of the company’s stock valued at $3,777,000 after acquiring an additional 5,901 shares during the period. Philosophy Capital Management LLC bought a new position in shares of JAKKS Pacific during the 3rd quarter valued at approximately $7,105,000. Portolan Capital Management LLC bought a new position in shares of JAKKS Pacific during the 3rd quarter valued at approximately $2,787,000. Corsair Capital Management L.P. grew its position in shares of JAKKS Pacific by 31.2% during the 3rd quarter. Corsair Capital Management L.P. now owns 21,026 shares of the company’s stock valued at $537,000 after acquiring an additional 5,000 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in shares of JAKKS Pacific during the 3rd quarter valued at approximately $317,000. 44.38% of the stock is owned by institutional investors.

JAKKS Pacific Trading Down 3.1 %

JAKK opened at $27.97 on Friday. JAKKS Pacific, Inc. has a 12 month low of $17.06 and a 12 month high of $36.84. The company has a market cap of $307.39 million, a PE ratio of 10.28 and a beta of 2.22. The company has a 50 day moving average of $27.48 and a 200 day moving average of $23.13.

JAKKS Pacific (NASDAQ:JAKK) last posted its earnings results on Wednesday, October 30th. The company reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $1.36. JAKKS Pacific had a net margin of 4.87% and a return on equity of 15.27%. The business had revenue of $321.61 million for the quarter, compared to analysts’ expectations of $303.44 million. Research analysts forecast that JAKKS Pacific, Inc. will post 2.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

JAKK has been the subject of a number of research reports. Maxim Group initiated coverage on shares of JAKKS Pacific in a research report on Monday, August 26th. They set a “buy” rating and a $46.00 target price for the company. StockNews.com raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, B. Riley raised their price objective on shares of JAKKS Pacific from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $41.67.

Insiders Place Their Bets

In other JAKKS Pacific news, CFO John Louis Kimble sold 48,253 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $27.62, for a total value of $1,332,747.86. Following the sale, the chief financial officer now directly owns 95,544 shares in the company, valued at $2,638,925.28. This represents a 33.56 % decrease in their position. The transaction 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.