Seven Eight Capital LP Has $1.52 Million Stake in Mattel, Inc. (NASDAQ:MAT)

Seven Eight Capital LP raised its position in shares of Mattel, Inc. (NASDAQ:MAT) by 8.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,147 shares of the company’s stock after acquiring an additional 7,303 shares during the period. Seven Eight Capital LP’s holdings in Mattel were worth $1,515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in 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 period. Blue Trust Inc. boosted its position in shares of Mattel by 143.2% in the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after acquiring an additional 1,220 shares during the period. CWM LLC grew its stake in shares of Mattel by 71.0% in the second quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after acquiring an additional 1,097 shares during the last quarter. Versant Capital Management Inc increased its position in Mattel by 14,185.0% during the second quarter. Versant Capital Management Inc now owns 2,857 shares of the company’s stock worth $46,000 after acquiring an additional 2,837 shares during the period. Finally, Denver PWM LLC acquired a new position in Mattel during the 2nd quarter valued at $70,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MAT. DA Davidson restated a “buy” rating and issued a $27.00 price target on shares of Mattel in a research report 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.63.

Mattel Stock Performance

NASDAQ:MAT opened at $19.54 on Friday. The firm has a market capitalization 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 company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $22.30. The firm has a 50-day moving average price of $18.63 and a 200 day moving average price of $18.39.

Mattel (NASDAQ:MAT) last posted its earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company earned $0.10 EPS. Mattel’s revenue was down .7% on a year-over-year basis. Research analysts anticipate 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.