HighTower Advisors LLC trimmed its stake in Mattel, Inc. (NASDAQ:MAT – Free Report) by 59.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,348 shares of the company’s stock after selling 43,622 shares during the period. HighTower Advisors LLC’s holdings in Mattel were worth $565,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in MAT. UMB Bank n.a. raised its stake in shares of Mattel by 584.3% in the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after purchasing an additional 1,268 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Mattel in the 3rd quarter valued at $29,000. Blue Trust Inc. raised its stake in shares of Mattel by 143.2% in the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after buying an additional 1,220 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Mattel in the 3rd quarter valued at $34,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Mattel by 38.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after acquiring an additional 775 shares during the period. Institutional investors own 97.15% of the company’s stock.
Mattel Price Performance
NASDAQ MAT opened at $17.86 on Friday. The company has a market cap of $6.02 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 0.99 and a beta of 0.76. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $20.59. The firm’s 50-day simple moving average is $19.00 and its two-hundred day simple moving average is $18.49. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on MAT. StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Jefferies Financial Group upped their price objective on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. DA Davidson restated a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. Finally, Morgan Stanley increased their price target on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.75.
View Our Latest Stock Report on Mattel
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.
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