21,741 Shares in Mattel, Inc. (NASDAQ:MAT) Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 21,741 shares of the company’s stock, valued at approximately $354,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Panagora Asset Management Inc. grew its position in Mattel by 7.4% during the fourth quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company’s stock valued at $224,000 after acquiring an additional 816 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Mattel by 4.6% in the 1st quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock valued at $387,000 after purchasing an additional 860 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after purchasing an additional 1,052 shares during the last quarter. CWM LLC raised its position in Mattel by 71.0% in the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after purchasing an additional 1,097 shares during the period. Finally, Retirement Systems of Alabama lifted its stake in Mattel by 0.3% in the first quarter. Retirement Systems of Alabama now owns 443,570 shares of the company’s stock worth $8,787,000 after purchasing an additional 1,165 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MAT. DA Davidson restated a “buy” rating and set a $27.00 target price on shares of Mattel in a report on Monday, July 22nd. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.63.

Mattel Trading Up 2.7 %

Shares of NASDAQ MAT opened at $19.01 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.58 and a quick ratio of 1.81. The stock has a market cap of $6.46 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.19 and a beta of 0.80. The firm has a 50-day moving average of $18.45 and a 200 day moving average of $18.40. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $22.30.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 earnings per share. As a group, sell-side analysts expect that Mattel, Inc. will post 1.43 EPS for the current fiscal year.

About Mattel

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.