JAKKS Pacific (NASDAQ:JAKK) Rating Increased to Hold at Zacks Research

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

Separately, Wall Street Zen upgraded shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

JAKKS Pacific Stock Down 0.2%

NASDAQ JAKK opened at $20.56 on Monday. The stock has a market cap of $235.21 million, a P/E ratio of 24.19 and a beta of 1.58. The company’s 50-day simple moving average is $19.09 and its 200 day simple moving average is $18.07. JAKKS Pacific has a twelve month low of $14.86 and a twelve month high of $26.49.

Institutional Trading of JAKKS Pacific

Several large investors have recently made changes to their positions in JAKK. Gate City Capital Management LLC increased its stake in shares of JAKKS Pacific by 47.6% in the fourth quarter. Gate City Capital Management LLC now owns 782,717 shares of the company’s stock valued at $13,212,000 after buying an additional 252,337 shares in the last quarter. Vanguard Group Inc. grew its holdings in JAKKS Pacific by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 503,846 shares of the company’s stock worth $9,437,000 after acquiring an additional 22,844 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in JAKKS Pacific by 19.1% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 406,289 shares of the company’s stock valued at $6,858,000 after acquiring an additional 65,156 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of JAKKS Pacific in the third quarter worth about $6,812,000. Finally, Thompson Siegel & Walmsley LLC bought a new position in shares of JAKKS Pacific in the fourth quarter worth about $5,494,000. Institutional investors own 44.38% of the company’s stock.

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.