Algert Global adds JAKKS Pacific (JAKK) to its portfolio

JAKKS Pacific (JAKK) : Algert Global added new position in JAKKS Pacific during the most recent quarter end. The investment management firm now holds 261,736 shares of JAKKS Pacific which is valued at $2,198,582 , the company said in a statement filed on Oct 12, 2016 with the SEC.JAKKS Pacific makes up approximately 0.64% of Algert Global’s portfolio.

Other Hedge Funds, Including , North Star Investment Management Corp. added JAKK to its portfolio by purchasing 83,475 company shares during the most recent quarter which is valued at $701,190. JAKKS Pacific makes up approx 0.13% of North Star Investment Management Corp.’s portfolio.Cutler Group Lp reduced its stake in JAKK by selling 820 shares or 75.37% in the most recent quarter. The Hedge Fund company now holds 268 shares of JAKK which is valued at $2,184.Bnp Paribas Arbitrage Sa boosted its stake in JAKK in the latest quarter, The investment management firm added 435 additional shares and now holds a total of 985 shares of JAKKS Pacific which is valued at $8,176.

JAKKS Pacific opened for trading at $8.15 and hit $8.45 on the upside on Tuesday, eventually ending the session at $8.4, with a gain of 3.07% or 0.25 points. The heightened volatility saw the trading volume jump to 1,33,162 shares. Company has a market cap of $168 M.

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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