Chartwell Investment Partners LLC raised its position in shares of Mattel, Inc. (NASDAQ:MAT) by 147.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,480,600 shares of the company’s stock after purchasing an additional 883,305 shares during the period. Mattel makes up approximately 0.8% of Chartwell Investment Partners LLC’s investment portfolio, making the stock its 16th biggest position. Chartwell Investment Partners LLC owned 0.43% of Mattel worth $22,919,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in MAT. Thrivent Financial For Lutherans increased its holdings in shares of Mattel by 5.8% during the first quarter. Thrivent Financial For Lutherans now owns 12,640 shares of the company’s stock worth $324,000 after buying an additional 690 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Mattel by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,345,746 shares of the company’s stock worth $34,463,000 after buying an additional 11,301 shares in the last quarter. Creative Planning increased its holdings in shares of Mattel by 14.3% during the second quarter. Creative Planning now owns 22,023 shares of the company’s stock worth $474,000 after buying an additional 2,760 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Mattel by 509.3% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 55,584 shares of the company’s stock worth $1,197,000 after buying an additional 46,462 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its holdings in shares of Mattel by 3.8% during the second quarter. Eqis Capital Management Inc. now owns 13,672 shares of the company’s stock worth $294,000 after buying an additional 499 shares in the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.
Several analysts recently weighed in on the stock. UBS AG set a $26.00 price objective on shares of Mattel and gave the stock a “buy” rating in a research note on Friday, July 28th. Jefferies Group LLC reissued a “hold” rating and issued a $17.00 price objective (down previously from $19.00) on shares of Mattel in a research note on Friday, July 28th. BMO Capital Markets reissued an “outperform” rating and issued a $25.00 price objective (down previously from $30.00) on shares of Mattel in a research note on Friday, July 28th. DA Davidson cut shares of Mattel from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $22.00 to $18.00 in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Mattel in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $21.46.
Mattel, Inc. (MAT) traded up $0.46 during mid-day trading on Monday, hitting $18.68. 10,395,900 shares of the stock were exchanged, compared to its average volume of 7,999,832. The company has a market cap of $6,410.00, a PE ratio of 124.53, a PEG ratio of 48.03 and a beta of 0.88. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. Mattel, Inc. has a one year low of $12.71 and a one year high of $32.43.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. Mattel’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS. research analysts forecast that Mattel, Inc. will post 0.04 EPS for the current year.
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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