Graham Capital Management L.P. Raises Holdings in Funko, Inc. $FNKO

Key Points

• Graham Capital Management L.P. increased its position in Funko, Inc. by 242.2% in Q1, owning 136,125 shares valued at $934,000.
• Funko reported a loss per share of ($0.48) in its most recent earnings, missing the consensus estimate, with revenues down 21.9% year-over-year.
• Analysts have mixed opinions on Funko, with a consensus rating of "Moderate Buy" and a price target averaging $9.13.

Graham Capital Management L.P. boosted its stake in Funko, Inc. (NASDAQ:FNKO - Free Report) by 242.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,125 shares of the company's stock after acquiring an additional 96,347 shares during the period. Graham Capital Management L.P. owned about 0.25% of Funko worth $934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FNKO. Wells Fargo & Company MN lifted its position in Funko by 18.0% in the fourth quarter. Wells Fargo & Company MN now owns 20,090 shares of the company's stock valued at $269,000 after acquiring an additional 3,070 shares during the last quarter. Barclays PLC lifted its position in Funko by 23.6% in the fourth quarter. Barclays PLC now owns 50,646 shares of the company's stock valued at $679,000 after acquiring an additional 9,674 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Funko by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company's stock valued at $20,688,000 after acquiring an additional 234,981 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Funko in the fourth quarter valued at $152,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Funko by 6.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,181 shares of the company's stock valued at $552,000 after acquiring an additional 2,413 shares during the last quarter. 99.15% of the stock is owned by hedge funds and other institutional investors.

Funko Stock Performance

Shares of Funko stock traded down $0.06 on Friday, reaching $3.27. 1,795,161 shares of the stock were exchanged, compared to its average volume of 2,184,918. Funko, Inc. has a 1-year low of $2.22 and a 1-year high of $14.65. The company has a current ratio of 0.64, a quick ratio of 0.41 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $3.80 and a two-hundred day moving average price of $5.21. The firm has a market capitalization of $181.04 million, a PE ratio of -2.70 and a beta of 0.81.

Funko (NASDAQ:FNKO - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.30). Funko had a negative return on equity of 19.97% and a negative net margin of 6.72%.The firm had revenue of $193.47 million for the quarter, compared to analyst estimates of $206.18 million. During the same quarter last year, the firm earned $0.10 earnings per share. The company's revenue was down 21.9% compared to the same quarter last year. As a group, research analysts anticipate that Funko, Inc. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FNKO. The Goldman Sachs Group reduced their target price on shares of Funko from $5.50 to $2.50 and set a "neutral" rating for the company in a report on Thursday, August 14th. Wall Street Zen cut shares of Funko from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $7.00 target price on shares of Funko in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.13.

Funko Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.