MQS Management LLC Lowers Holdings in Mattel, Inc. (NASDAQ:MAT)

MQS Management LLC reduced its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 43.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,849 shares of the company’s stock after selling 20,017 shares during the quarter. MQS Management LLC’s holdings in Mattel were worth $420,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Seven Eight Capital LP increased its holdings in shares of Mattel by 8.5% during the 2nd quarter. Seven Eight Capital LP now owns 93,147 shares of the company’s stock valued at $1,515,000 after purchasing an additional 7,303 shares in the last quarter. Hsbc Holdings PLC grew its position in Mattel by 431.1% during the second quarter. Hsbc Holdings PLC now owns 170,185 shares of the company’s stock valued at $2,788,000 after buying an additional 138,140 shares during the period. Edgestream Partners L.P. purchased a new position in Mattel in the second quarter valued at $594,000. Dimensional Fund Advisors LP raised its position in shares of Mattel by 34.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after acquiring an additional 1,479,227 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of Mattel by 7.9% during the 2nd quarter. Federated Hermes Inc. now owns 50,169 shares of the company’s stock worth $816,000 after acquiring an additional 3,662 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAT has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research report on Monday, July 22nd. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.63.

Mattel Trading Up 0.6 %

Shares of MAT opened at $19.54 on Friday. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $22.30. The stock has a market cap of $6.72 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 1.19 and a beta of 0.80. The firm’s fifty day moving average is $18.63 and its two-hundred day moving average is $18.39. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. Mattel’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. Research analysts forecast that Mattel, Inc. will post 1.43 earnings per share for the current fiscal year.

Mattel Profile

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.