Alhambra Investment Management LLC Has $297,000 Position in Mattel, Inc. (NASDAQ:MAT)

Alhambra Investment Management LLC boosted its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 38.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,298 shares of the company’s stock after buying an additional 4,266 shares during the period. Alhambra Investment Management LLC’s holdings in Mattel were worth $297,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MAT. Handelsbanken Fonder AB grew its stake in shares of Mattel by 24.7% in the 1st quarter. Handelsbanken Fonder AB now owns 110,000 shares of the company’s stock worth $2,137,000 after acquiring an additional 21,800 shares in the last quarter. SG Americas Securities LLC bought a new position in Mattel during the first quarter worth about $362,000. Abacus FCF Advisors LLC boosted its position in Mattel by 2.1% during the first quarter. Abacus FCF Advisors LLC now owns 76,116 shares of the company’s stock worth $1,479,000 after purchasing an additional 1,585 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Mattel during the first quarter worth about $806,000. Finally, GAMMA Investing LLC boosted its position in shares of Mattel by 42.8% in the first quarter. GAMMA Investing LLC now owns 5,058 shares of the company’s stock valued at $98,000 after acquiring an additional 1,517 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Trading Up 1.2%

NASDAQ:MAT opened at $19.29 on Wednesday. Mattel, Inc. has a one year low of $13.95 and a one year high of $22.07. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The company’s 50-day simple moving average is $17.23 and its 200 day simple moving average is $18.66. The firm has a market capitalization of $6.23 billion, a P/E ratio of 12.06, a PEG ratio of 2.35 and a beta of 0.66.

Mattel (NASDAQ:MAT) last issued its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.08. The business had revenue of $826.60 million during 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%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) earnings per share. As a group, analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on MAT. DA Davidson restated a “buy” rating and issued a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. The Goldman Sachs Group decreased their target price on shares of Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Citigroup raised their price target on shares of Mattel from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Finally, Morgan Stanley lifted their target price on shares of Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.14.

Mattel Company 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.