HighTower Advisors LLC grew its position in shares of Mattel, Inc. (NASDAQ:MAT) by 14.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,462 shares of the company’s stock after buying an additional 7,541 shares during the period. HighTower Advisors LLC’s holdings in Mattel were worth $1,285,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in MAT. BlackRock Inc. lifted its holdings in Mattel by 3,220.3% during the 1st quarter. BlackRock Inc. now owns 35,888,132 shares of the company’s stock worth $919,097,000 after buying an additional 34,807,257 shares during the last quarter. American Century Companies Inc. lifted its holdings in Mattel by 91.6% during the 2nd quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock worth $214,398,000 after buying an additional 4,759,608 shares during the last quarter. Eaton Vance Management lifted its holdings in Mattel by 581.7% during the 2nd quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock worth $57,758,000 after buying an additional 2,289,165 shares during the last quarter. Credit Suisse AG lifted its holdings in Mattel by 165.6% during the 1st quarter. Credit Suisse AG now owns 3,131,042 shares of the company’s stock worth $80,186,000 after buying an additional 1,951,994 shares during the last quarter. Finally, Fairpointe Capital LLC lifted its holdings in Mattel by 36.1% during the 1st quarter. Fairpointe Capital LLC now owns 6,432,845 shares of the company’s stock worth $164,745,000 after buying an additional 1,707,158 shares during the last quarter. 93.81% of the stock is currently owned by institutional investors.
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In other Mattel news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of Mattel stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average cost of $19.61 per share, with a total value of $248,262.60. Following the acquisition, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.
A number of research analysts have commented on the company. UBS AG reaffirmed a “buy” rating and set a $26.00 target price (down previously from $29.00) on shares of Mattel in a report on Wednesday, June 21st. Jefferies Group LLC reissued a “hold” rating and issued a $19.00 price target on shares of Mattel in a report on Monday, June 19th. DA Davidson downgraded Mattel from a “buy” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $24.00 in a report on Thursday, June 15th. Monness Crespi & Hardt raised their price target on Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $19.00 price target on shares of Mattel in a report on Thursday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Mattel currently has an average rating of “Hold” and a consensus target price of $23.57.
Shares of Mattel, Inc. (NASDAQ MAT) opened at 15.66 on Thursday. Mattel, Inc. has a 52-week low of $14.35 and a 52-week high of $33.23. The company has a 50-day moving average price of $15.61 and a 200 day moving average price of $20.15. The firm has a market capitalization of $5.37 billion, a PE ratio of 22.47 and a beta of 0.86.
Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The business had revenue of $974.50 million during the quarter, compared to analyst estimates of $972.36 million. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.02) earnings per share. Analysts expect that Mattel, Inc. will post $0.76 EPS for the current fiscal year.
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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