Phoenix Holdings Ltd. acquired a new stake in Funko, Inc. (NASDAQ:FNKO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,000 shares of the company’s stock, valued at approximately $102,000.
Several other institutional investors have also recently added to or reduced their stakes in FNKO. Metropolitan Life Insurance Co NY acquired a new position in shares of Funko in the first quarter valued at approximately $85,000. First Trust Advisors LP increased its stake in shares of Funko by 11.8% in the first quarter. First Trust Advisors LP now owns 20,936 shares of the company’s stock valued at $455,000 after buying an additional 2,211 shares during the period. Invesco Ltd. increased its position in Funko by 152.5% during the 1st quarter. Invesco Ltd. now owns 44,219 shares of the company’s stock valued at $176,000 after purchasing an additional 26,709 shares during the period. Advisor Group Holdings Inc. acquired a new stake in Funko during the 1st quarter valued at approximately $32,000. Finally, Morgan Stanley increased its position in Funko by 777.4% during the 1st quarter. Morgan Stanley now owns 1,017,024 shares of the company’s stock valued at $4,057,000 after purchasing an additional 901,110 shares during the period. 52.74% of the stock is owned by institutional investors.
Shares of FNKO opened at $8.53 on Friday. Funko, Inc. has a 12-month low of $3.12 and a 12-month high of $17.76. The business’s fifty day moving average is $6.58 and its 200 day moving average is $5.90. The company has a quick ratio of 1.15, a current ratio of 1.63 and a debt-to-equity ratio of 0.67. The stock has a market cap of $423.53 million, a P/E ratio of -31.59 and a beta of 2.25.
Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, November 5th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.26. Funko had a positive return on equity of 2.27% and a negative net margin of 1.54%. The company had revenue of $191.23 million for the quarter, compared to analysts’ expectations of $169.10 million. On average, analysts expect that Funko, Inc. will post -0.09 EPS for the current year.
A number of analysts have weighed in on FNKO shares. ValuEngine downgraded shares of Funko from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 8th. BidaskClub downgraded shares of Funko from a “hold” rating to a “sell” rating in a research report on Monday, November 2nd. Finally, Zacks Investment Research downgraded shares of Funko from a “hold” rating to a “sell” rating in a research report on Thursday, November 12th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Funko currently has an average rating of “Hold” and a consensus price target of $9.98.
Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States and internationally. The company offers vinyl, blind-packed miniature, and action figures; plush products; accessories; apparels, such as t-shirts and hats; homewares, including drinkware, party lights and other home accessories; and bags, purses and wallets, and board games.
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