Speece Thorson Capital Group Inc. raised its position in Mattel, Inc. (NASDAQ:MAT) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,750 shares of the company’s stock after buying an additional 2,322 shares during the period. Speece Thorson Capital Group Inc. owned about 0.08% of Mattel worth $8,047,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Mizuho Asset Management Co. Ltd. raised its stake in shares of Mattel by 130.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,258 shares of the company’s stock valued at $133,000 after buying an additional 2,410 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Mattel by 4.2% in the second quarter. Checchi Capital Advisers LLC now owns 5,573 shares of the company’s stock valued at $174,000 after buying an additional 226 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Mattel by 268.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,688 shares of the company’s stock valued at $178,000 after buying an additional 4,144 shares in the last quarter. National Asset Management Inc. purchased a new stake in shares of Mattel during the second quarter valued at $206,000. Finally, Bank of Nova Scotia raised its stake in shares of Mattel by 6.5% in the second quarter. Bank of Nova Scotia now owns 6,756 shares of the company’s stock valued at $211,000 after buying an additional 410 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mattel, Inc. (NASDAQ:MAT) traded down 1.97% during midday trading on Wednesday, reaching $29.32. The company had a trading volume of 1,310,322 shares. The company has a market capitalization of $10.03 billion, a P/E ratio of 28.03 and a beta of 0.95. Mattel, Inc. has a 12 month low of $23.85 and a 12 month high of $34.76. The firm’s 50 day moving average price is $29.66 and its 200-day moving average price is $31.47.
Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by $0.01. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $940.30 million. Mattel had a net margin of 6.39% and a return on equity of 16.55%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. Analysts anticipate that Mattel, Inc. will post $1.27 earnings per share for the current fiscal year.
Several brokerages recently weighed in on MAT. B. Riley reissued a “buy” rating and issued a $41.00 price objective on shares of Mattel in a report on Monday, November 28th. Zacks Investment Research raised Mattel from a “sell” rating to a “hold” rating in a report on Thursday, January 5th. Jefferies Group reissued a “buy” rating and issued a $36.00 price objective on shares of Mattel in a report on Thursday, October 13th. BMO Capital Markets reissued an “outperform” rating and issued a $40.00 price objective on shares of Mattel in a report on Thursday, December 15th. Finally, MKM Partners raised Mattel from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Monday, October 10th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $35.53.
In other news, Director Dominic Ng sold 9,000 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $30.79, for a total transaction of $277,110.00. Following the completion of the transaction, the director now owns 14,000 shares of the company’s stock, valued at $431,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.88% of the company’s stock.
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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