JAKKS Pacific (NASDAQ:JAKK) Lowered to Buy Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded JAKKS Pacific from “strong buy” to “buy,” while Zacks Research and Weiss Ratings also recently improved their ratings; the overall analyst consensus remains “hold.”
• JAKK opened at $25.70, with a market capitalization of about $294 million and a 12-month trading range of $14.86 to $27.22.
• Institutional investors and hedge funds own approximately 44.38% of JAKKS Pacific, with several firms recently establishing or increasing positions.

JAKKS Pacific (NASDAQ:JAKK - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other research analysts also recently issued reports on JAKK. Zacks Research raised JAKKS Pacific from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Weiss Ratings raised JAKKS Pacific from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, June 15th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, JAKKS Pacific currently has a consensus rating of "Hold".

JAKKS Pacific Price Performance

JAKK stock opened at $25.70 on Friday. The firm has a market cap of $294.01 million, a price-to-earnings ratio of 18.49 and a beta of 1.41. The company's fifty day simple moving average is $23.82 and its 200 day simple moving average is $21.83. JAKKS Pacific has a 12-month low of $14.86 and a 12-month high of $27.22.

Hedge Funds Weigh In On JAKKS Pacific

Several institutional investors have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC bought a new position in shares of JAKKS Pacific during the 3rd quarter worth about $6,812,000. Thompson Siegel & Walmsley LLC bought a new stake in JAKKS Pacific in the 4th quarter valued at about $5,494,000. Gate City Capital Management LLC increased its position in JAKKS Pacific by 47.6% in the 4th 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. Donald Smith & CO. Inc. bought a new stake in JAKKS Pacific in the 2nd quarter valued at about $4,784,000. Finally, Gabelli Funds LLC acquired a new position in JAKKS Pacific during the 4th quarter worth approximately $2,178,000. Institutional investors and hedge funds 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.

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