On September 30, 2024, COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio) executed a strategic stock transaction involving Funko Inc (FNKO, Financial). The firm added 11,832 shares of Funko Inc at a trade price of $12.22, which resulted in a 0.01% impact on its portfolio. This acquisition brings the firm's total holdings in Funko Inc to 3,943,941 shares, representing 1.75% of its overall portfolio and 7.28% of its holdings in the stock. This move reflects the firm's continued interest in the Consumer Cyclical and Technology sectors, despite the current financial challenges faced by Funko Inc.
Profile of COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio)
COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio) is a New York-based investment firm known for its focus on value investing. The firm manages an equity portfolio valued at $3.1 billion, with significant investments in companies such as Bath & Body Works Inc (BBWI, Financial) and Newell Brands Inc (NWL, Financial). The firm's investment strategy is characterized by a diversified approach, with top sector allocations in Consumer Cyclical and Technology. This strategic diversification is evident in its recent acquisition of Funko Inc shares.
Overview of Funko Inc
Funko Inc is a U.S.-based company specializing in pop culture consumer products, including figures, apparel, and NFTs. Operating within the Travel & Leisure industry, Funko Inc has a market capitalization of $551.308 million. The company's product offerings are diverse, ranging from core collectibles to fashion accessories and homewares. Funko Inc generates the majority of its revenue from its core collectibles products, which are distributed through a wide network of retail channels, including specialty retailers and e-commerce platforms.
Financial Performance and Valuation
Funko Inc's current stock price is $10.18, with a GF Value of $8.39, indicating that the stock is modestly overvalued. The stock has a GF Score of 69/100, suggesting poor future performance potential. Funko Inc's financial metrics reveal challenges, with a Financial Strength rank of 5/10 and a Profitability Rank of 6/10. The company's Altman Z score of 1.76 indicates potential financial distress, while its Piotroski F-Score of 6 suggests moderate financial health.
Recent Stock Performance
Since the transaction, Funko Inc's stock has decreased by 16.69%. However, year-to-date, the stock has gained 31.69%, and its price has increased by 27.25% since its IPO in November 2017. Despite recent declines, the stock's year-to-date performance indicates a positive trend, reflecting investor interest and market dynamics. The company's Momentum Rank of 3/10 suggests limited momentum in the short term.
Investment Implications
The addition of Funko Inc shares to COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio)'s portfolio highlights the firm's strategic focus on the Consumer Cyclical and Technology sectors. Despite Funko's current financial challenges, the firm's investment reflects confidence in the company's market position and potential for growth. This transaction underscores the firm's commitment to identifying value opportunities within its diversified portfolio.
Conclusion
COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio)'s decision to increase its stake in Funko Inc is a strategic move within its diversified portfolio. This acquisition aligns with the firm's investment philosophy, focusing on value opportunities in the Consumer Cyclical and Technology sectors. Investors may consider the firm's investment approach and Funko's market position when evaluating potential opportunities in the stock market.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
