JAKKS Pacific, Inc. (NASDAQ:JAKK – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.08 and traded as high as $21.14. JAKKS Pacific shares last traded at $20.51, with a volume of 157,184 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. StockNews.com upgraded JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. TheStreet lowered JAKKS Pacific from a “b” rating to a “c+” rating in a research note on Friday, April 28th.
View Our Latest Report on JAKK
JAKKS Pacific Price Performance
Institutional Investors Weigh In On JAKKS Pacific
Several institutional investors and hedge funds have recently modified their holdings of JAKK. Bank of Montreal Can purchased a new stake in shares of JAKKS Pacific in the second quarter worth about $4,798,000. Marshall Wace LLP boosted its holdings in JAKKS Pacific by 1,026.5% in the third quarter. Marshall Wace LLP now owns 168,459 shares of the company’s stock valued at $3,256,000 after purchasing an additional 153,505 shares during the last quarter. Two Sigma Investments LP purchased a new position in JAKKS Pacific in the third quarter valued at about $2,598,000. Two Sigma Advisers LP boosted its holdings in JAKKS Pacific by 533.4% in the third quarter. Two Sigma Advisers LP now owns 119,460 shares of the company’s stock valued at $2,309,000 after purchasing an additional 100,600 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in JAKKS Pacific in the first quarter valued at about $1,440,000. Hedge funds and other institutional investors own 44.32% of the company’s stock.
About JAKKS Pacific
JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, kids indoor and outdoor furniture, 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.
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