Algert Global LLC Sells 4,160 Shares of Funko Inc (FNKO)

Algert Global LLC cut its position in Funko Inc (NASDAQ:FNKO) by 27.3% in the first quarter, HoldingsChannel reports. The firm owned 11,104 shares of the company’s stock after selling 4,160 shares during the period. Algert Global LLC’s holdings in Funko were worth $241,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Campbell Newman Asset Management Inc. raised its holdings in Funko by 2.8% in the first quarter. Campbell Newman Asset Management Inc. now owns 18,298 shares of the company’s stock worth $397,000 after purchasing an additional 496 shares in the last quarter. Teachers Advisors LLC raised its holdings in Funko by 7.6% in the third quarter. Teachers Advisors LLC now owns 20,087 shares of the company’s stock worth $476,000 after purchasing an additional 1,417 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Funko by 58,400.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock worth $51,000 after acquiring an additional 2,336 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Funko by 11.9% during the fourth quarter. Two Sigma Advisers LP now owns 26,300 shares of the company’s stock worth $346,000 after acquiring an additional 2,788 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Funko by 24.7% during the fourth quarter. First Trust Advisors LP now owns 18,725 shares of the company’s stock worth $246,000 after acquiring an additional 3,705 shares during the last quarter. Institutional investors and hedge funds own 40.67% of the company’s stock.

FNKO has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Funko from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. They noted that the move was a valuation call. Piper Jaffray Companies set a $27.00 price target on Funko and gave the stock a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded Funko from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, January 24th. Jefferies Financial Group boosted their price target on Funko to $27.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, SunTrust Banks boosted their price target on Funko to $26.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $23.78.

In related news, major shareholder Fundamental Capital Partners, sold 248,865 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $21.57, for a total value of $5,368,018.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Richard L. Mcnally sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $18.09, for a total value of $2,713,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,793,067 shares of company stock worth $36,413,897. 16.26% of the stock is owned by insiders.

Shares of FNKO stock opened at $21.21 on Friday. Funko Inc has a fifty-two week low of $9.21 and a fifty-two week high of $31.12. The stock has a market cap of $1.03 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.28 and a beta of 2.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.89.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. Funko had a return on equity of 15.52% and a net margin of 1.48%. The business had revenue of $166.80 million for the quarter, compared to analyst estimates of $159.59 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The company’s revenue was up 21.6% on a year-over-year basis. Sell-side analysts predict that Funko Inc will post 0.93 EPS for the current year.

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Funko 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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Institutional Ownership by Quarter for Funko (NASDAQ:FNKO)

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