Nationwide Fund Advisors boosted its holdings in Mattel, Inc. (NASDAQ:MAT) by 45.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 471,144 shares of the company’s stock after acquiring an additional 147,872 shares during the quarter. Nationwide Fund Advisors owned 0.14% of Mattel worth $7,293,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. IHT Wealth Management LLC increased its stake in Mattel by 5,624.1% in the 2nd quarter. IHT Wealth Management LLC now owns 1,660 shares of the company’s stock valued at $302,000 after buying an additional 1,631 shares during the last quarter. Highlander Capital Management LLC purchased a new stake in Mattel in the 2nd quarter valued at about $105,000. Penserra Capital Management LLC increased its stake in Mattel by 26.6% in the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after buying an additional 1,287 shares during the last quarter. ETF Managers Group LLC purchased a new stake in Mattel in the 2nd quarter valued at about $195,000. Finally, Nations Financial Group Inc. IA ADV increased its stake in Mattel by 11.4% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 9,764 shares of the company’s stock valued at $210,000 after buying an additional 1,003 shares during the last quarter. 93.66% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of Mattel from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, October 12th. BidaskClub lowered shares of Mattel from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Jefferies Group set a $14.00 price target on shares of Mattel and gave the stock a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, UBS Group restated a “buy” rating and set a $23.00 price target on shares of Mattel in a research note on Saturday, September 16th. Thirteen equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.25.
Mattel, Inc. (NASDAQ:MAT) traded up $0.64 on Tuesday, reaching $16.02. 4,580,000 shares of the company traded hands, compared to its average volume of 7,190,000. The company has a market cap of $5,510.00, a P/E ratio of -9.15 and a beta of 1.00. Mattel, Inc. has a 52 week low of $12.71 and a 52 week high of $31.60. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The business had revenue of $1.56 billion during 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%. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period last year, the business posted $0.70 earnings per share. equities analysts anticipate that Mattel, Inc. will post -0.16 earnings per share for the current year.
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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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