Cooper Creek Partners Management Lowers stake in JAKKS Pacific (JAKK)

JAKKS Pacific (JAKK) : Cooper Creek Partners Management reduced its stake in JAKKS Pacific by 24.53% during the most recent quarter end. The investment management company now holds a total of 761,376 shares of JAKKS Pacific which is valued at $7,255,913 after selling 247,468 shares in JAKKS Pacific , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.JAKKS Pacific makes up approximately 4.39% of Cooper Creek Partners Management’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc reduced its stake in JAKK by selling 73,868 shares or 16.88% in the most recent quarter. The Hedge Fund company now holds 363,625 shares of JAKK which is valued at $3,465,346.Spark Investment Management boosted its stake in JAKK in the latest quarter, The investment management firm added 45,500 additional shares and now holds a total of 107,500 shares of JAKKS Pacific which is valued at $1,024,475. JAKKS Pacific makes up approx 0.09% of Spark Investment Management’s portfolio.Menta Capital boosted its stake in JAKK in the latest quarter, The investment management firm added 48,977 additional shares and now holds a total of 111,180 shares of JAKKS Pacific which is valued at $1,059,545. JAKKS Pacific makes up approx 0.14% of Menta Capital’s portfolio.Dimensional Fund Advisors Lp reduced its stake in JAKK by selling 662 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 1,450,963 shares of JAKK which is valued at $13,885,716. JAKKS Pacific makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Strs Ohio reduced its stake in JAKK by selling 101,500 shares or 63.92% in the most recent quarter. The Hedge Fund company now holds 57,300 shares of JAKK which is valued at $542,058.

JAKKS Pacific (JAKK) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $9.18 and reached the intraday high at $9.22. The bulls started the profit booking and pushed the shares to intraday low of $9.031. The trading session was marked by a volume range of 1,09,535 shares exchanging hands. The 52-week high of the shares is $10.28 and the 52-week low is $6.17. The market cap of the company stands at $185 M and there are 2,00,45,078 shares in public circulation.

On the company’s financial health, JAKKS Pacific reported $-0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $-0.31. The company had revenue of $141.00 million for the quarter, compared to analysts expectations of $134.80 million. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.30 EPS.

JAKKS Pacific Inc. (JAKKS) is a multi-line multi-brand toy company that designs produces markets and distributes toys and related products pet toys consumables and related products electronics and related products kids indoor and outdoor furniture and other consumer products. The Company operates through two business segments: traditional toys and electronics and role play novelty and seasonal toys. The traditional toys and electronics segment includes action figures vehicles playsets plush products dolls accessories electronic products construction toys infant and pre-school toys foot to floor ride-on vehicles wagons and pet products and related products. The role play novelty and seasonal toys segment includes role play and dress-up products novelty toys seasonal and outdoor products indoor and outdoor kids’ furniture and Halloween and everyday costume play.

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