Mutual of America Capital Management LLC Sells 13,452 Shares of Mattel, Inc. (NASDAQ:MAT)

Mutual of America Capital Management LLC lowered its stake in Mattel, Inc. (NASDAQ:MAT) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,013 shares of the company’s stock after selling 13,452 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of Mattel worth $3,203,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MAT. GAMMA Investing LLC increased its stake in shares of Mattel by 108.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after acquiring an additional 1,052 shares in the last quarter. Blue Trust Inc. increased its stake in Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after purchasing an additional 1,220 shares in the last quarter. CWM LLC increased its stake in Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,097 shares in the last quarter. Versant Capital Management Inc increased its stake in Mattel by 14,185.0% during the 2nd quarter. Versant Capital Management Inc now owns 2,857 shares of the company’s stock valued at $46,000 after purchasing an additional 2,837 shares in the last quarter. Finally, Denver PWM LLC bought a new stake in Mattel during the 2nd quarter valued at $70,000. Institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. DA Davidson restated a “buy” rating and set a $27.00 price target on shares of Mattel in a research note on Monday, July 22nd. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.63.

Mattel Price Performance

Shares of NASDAQ:MAT opened at $19.15 on Tuesday. The company’s 50-day moving average is $18.79 and its 200 day moving average is $18.38. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. The company has a market capitalization of $6.59 billion, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.19 and a beta of 0.80. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $22.30.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. On average, equities research analysts forecast that Mattel, Inc. will post 1.43 earnings per share for the current 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.