Frontier Capital Management Co. LLC Has $134.22 Million Holdings in Mattel, Inc. (NASDAQ:MAT)

Frontier Capital Management Co. LLC lessened its stake in Mattel, Inc. (NASDAQ:MAT) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,570,359 shares of the company’s stock after selling 331,156 shares during the quarter. Mattel makes up approximately 1.3% of Frontier Capital Management Co. LLC’s portfolio, making the stock its 7th biggest holding. Frontier Capital Management Co. LLC owned 2.25% of Mattel worth $134,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after acquiring an additional 926 shares during the period. West Oak Capital LLC boosted its stake in Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after purchasing an additional 1,955 shares during the period. TD Private Client Wealth LLC purchased a new position in Mattel during the 4th quarter valued at about $51,000. Quarry LP lifted its holdings in shares of Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company’s stock worth $56,000 after buying an additional 1,781 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after acquiring an additional 744 shares during the period. 97.15% of the stock is owned by institutional investors.

Mattel Trading Up 4.7 %

NASDAQ MAT opened at $17.43 on Thursday. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average of $17.65 and a 200-day moving average of $18.66. The firm has a market cap of $5.63 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. Mattel, Inc. has a 1-year low of $13.95 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.08. The company had revenue of $826.60 million for the quarter, compared to analysts’ expectations of $791.49 million. Mattel had a net margin of 10.07% and a return on equity of 25.94%. Mattel’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) earnings per share. As a group, sell-side analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on MAT. Morgan Stanley raised their price target on shares of Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday. The Goldman Sachs Group decreased their target price on Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. DA Davidson upgraded shares of Mattel to a “strong-buy” rating in a research report on Monday, April 14th. Finally, StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mattel presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.14.

About Mattel

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.