Mattel, Inc. (NASDAQ:MAT) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 12.9% in the 4th quarter, Holdings Channel reports. The firm owned 8,363,246 shares of the company’s stock after selling 1,238,868 shares during the quarter. Pacer Advisors Inc.’s holdings in Mattel were worth $148,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Franklin Resources Inc. grew its stake in Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock worth $176,757,000 after buying an additional 4,270,162 shares during the last quarter. Hennessy Advisors Inc. bought a new position in shares of Mattel during the fourth quarter worth about $53,238,000. Millennium Management LLC grew its position in shares of Mattel by 92.5% during the second quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock worth $39,947,000 after acquiring an additional 1,180,301 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Mattel by 54.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company’s stock worth $30,144,000 after acquiring an additional 558,213 shares during the period. Finally, Thompson Siegel & Walmsley LLC bought a new stake in Mattel in the 3rd quarter valued at about $8,997,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on MAT shares. DA Davidson restated a “buy” rating and issued a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. Morgan Stanley increased their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Jefferies Financial Group lifted their target price on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Bank of America increased their price target on Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.86.

Mattel Stock Up 0.3 %

Shares of MAT stock opened at $18.18 on Monday. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. The business’s fifty day moving average is $18.42 and its 200-day moving average is $18.71. The stock has a market cap of $6.12 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.86 and a beta of 0.75.

Mattel Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.