Spark Investment Management LLC lifted its holdings in shares of Funko Inc (NASDAQ:FNKO) by 10.2% in the first quarter, Holdings Channel reports. The fund owned 544,570 shares of the company’s stock after acquiring an additional 50,470 shares during the period. Spark Investment Management LLC’s holdings in Funko were worth $11,828,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of FNKO. Shellback Capital LP purchased a new stake in shares of Funko during the fourth quarter valued at approximately $2,080,000. BlackRock Inc. grew its holdings in Funko by 22.0% during the third quarter. BlackRock Inc. now owns 683,376 shares of the company’s stock valued at $16,190,000 after purchasing an additional 123,016 shares during the period. Vanguard Group Inc grew its holdings in Funko by 17.5% during the third quarter. Vanguard Group Inc now owns 469,556 shares of the company’s stock valued at $11,123,000 after purchasing an additional 70,085 shares during the period. Vanguard Group Inc. grew its holdings in Funko by 17.5% during the third quarter. Vanguard Group Inc. now owns 469,556 shares of the company’s stock valued at $11,123,000 after purchasing an additional 70,085 shares during the period. Finally, Barclays PLC grew its holdings in Funko by 930.0% during the fourth quarter. Barclays PLC now owns 53,202 shares of the company’s stock valued at $700,000 after purchasing an additional 48,037 shares during the period. 40.90% of the stock is owned by institutional investors.
Several brokerages have weighed in on FNKO. Zacks Investment Research lowered Funko from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 19th. BMO Capital Markets increased their price objective on Funko from $12.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, March 1st. JPMorgan Chase & Co. increased their price objective on Funko to $30.00 and gave the company an “overweight” rating in a report on Friday, March 1st. SunTrust Banks increased their price objective on Funko to $26.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Jefferies Financial Group increased their price objective on Funko to $27.00 and gave the company a “buy” rating in a report on Friday, March 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Funko currently has an average rating of “Buy” and a consensus price target of $23.78.
NASDAQ:FNKO traded down $0.53 during trading hours on Friday, hitting $21.35. 6,539 shares of the company’s stock traded hands, compared to its average volume of 817,216. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 1.25 and a beta of 2.48. Funko Inc has a 52 week low of $9.37 and a 52 week high of $31.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.31 and a current ratio of 1.94.
Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The company had revenue of $166.80 million during the quarter, compared to analyst estimates of $159.59 million. Funko had a return on equity of 15.28% and a net margin of 1.48%. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. Equities analysts forecast that Funko Inc will post 0.95 earnings per share for the current fiscal year.
In other Funko news, President Andrew Mark Perlmutter sold 5,402 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $20.00, for a total transaction of $108,040.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Fundamental Capital Partners, sold 429,775 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $20.75, for a total value of $8,917,831.25. The disclosure for this sale can be found here. Insiders have sold 1,613,471 shares of company stock valued at $33,252,623 in the last three months. 16.26% of the stock is owned by corporate insiders.
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Funko Company Profile
Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.
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