Nisa Investment Advisors LLC Boosts Stock Position in Mattel, Inc. (NASDAQ:MAT)

Nisa Investment Advisors LLC raised its holdings in Mattel, Inc. (NASDAQ:MAT) by 6.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,415 shares of the company’s stock after acquiring an additional 1,620 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Mattel were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Citigroup Inc. increased its holdings in Mattel by 449.9% during the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock worth $5,562,000 after purchasing an additional 238,884 shares during the period. FORA Capital LLC purchased a new position in shares of Mattel during the third quarter valued at $1,003,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Mattel by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock valued at $81,222,000 after acquiring an additional 114,305 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Mattel by 53.2% in the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock valued at $3,283,000 after acquiring an additional 59,845 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Mattel by 101.0% in the third quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock worth $3,208,000 after acquiring an additional 84,626 shares during the period. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Performance

MAT opened at $18.66 on Wednesday. The firm has a fifty day moving average price of $18.43 and a 200 day moving average price of $18.74. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59. The stock has a market cap of $6.29 billion, a P/E ratio of 11.66, a P/E/G ratio of 0.86 and a beta of 0.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MAT. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Bank of America lifted their target price on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. DA Davidson reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Finally, Jefferies Financial Group increased their target price on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.86.

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.