Sei Investments Co. lifted its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 33.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 875,190 shares of the company’s stock after buying an additional 217,266 shares during the quarter. Sei Investments Co. owned 0.25% of Mattel worth $13,548,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Highlander Capital Management LLC purchased a new stake in Mattel during the 2nd quarter worth approximately $105,000. Penserra Capital Management LLC increased its holdings in Mattel by 26.6% during the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after purchasing an additional 1,287 shares during the last quarter. Delta Asset Management LLC TN increased its holdings in Mattel by 54.7% during the 2nd quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock worth $133,000 after purchasing an additional 2,175 shares during the last quarter. ETF Managers Group LLC purchased a new stake in Mattel during the 2nd quarter worth approximately $195,000. Finally, Nations Financial Group Inc. IA ADV increased its holdings in Mattel by 11.4% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 9,764 shares of the company’s stock worth $210,000 after purchasing an additional 1,003 shares during the last quarter. Institutional investors and hedge funds own 95.89% of the company’s stock.
Several research firms have issued reports on MAT. Stifel Nicolaus dropped their price objective on Mattel from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Thursday, October 12th. UBS AG restated a “buy” rating and set a $23.00 price objective on shares of Mattel in a report on Saturday, September 16th. Jefferies Group LLC restated a “hold” rating and set a $17.00 price objective (down from $19.00) on shares of Mattel in a report on Friday, July 28th. BidaskClub downgraded Mattel from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, DA Davidson downgraded Mattel from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $22.00 to $18.00 in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $21.46.
Mattel, Inc. (NASDAQ MAT) opened at $18.68 on Friday. Mattel, Inc. has a 12-month low of $12.71 and a 12-month high of $32.43. The stock has a market capitalization of $6,260.00, a P/E ratio of 123.60, a P/E/G ratio of 47.67 and a beta of 0.88. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. equities analysts forecast that Mattel, Inc. will post 0.04 earnings per share for the current fiscal year.
Mattel Company Profile
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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