Cooper Creek Partners Management buys $7.3 Million stake in JAKKS Pacific (JAKK)

JAKKS Pacific (JAKK) : Cooper Creek Partners Management scooped up 334,598 additional shares in JAKKS Pacific during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,008,844 shares of JAKKS Pacific which is valued at $7.3 Million.JAKKS Pacific makes up approximately 6.13% of Cooper Creek Partners Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in JAKK in the latest quarter, The investment management firm added 12,201 additional shares and now holds a total of 321,652 shares of JAKKS Pacific which is valued at $2.3 Million.Staley Capital Advisers Inc boosted its stake in JAKK in the latest quarter, The investment management firm added 5,600 additional shares and now holds a total of 1,018,100 shares of JAKKS Pacific which is valued at $7.4 Million. JAKKS Pacific makes up approx 0.79% of Staley Capital Advisers Inc’s portfolio.

JAKKS Pacific opened for trading at $7.26 and hit $7.44 on the upside on Wednesday, eventually ending the session at $7.42, with a gain of 2.06% or 0.15 points. The heightened volatility saw the trading volume jump to 1,75,703 shares. Company has a market cap of $152 M.

On the company’s financial health, JAKKS Pacific reported $-1.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $-0.94. The company had revenue of $95.80 million for the quarter, compared to analysts expectations of $98.00 million. The company’s revenue was down -16.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.40 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.

Leave a Reply

JAKKS Pacific - Is it time to Sell?

Top Brokerage Firms are advising their investors on JAKKS Pacific. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.