Amalgamated Bank Has $3.50 Million Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Amalgamated Bank trimmed its position in Mattel, Inc. (NASDAQ:MAT) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,392 shares of the company’s stock after selling 16,243 shares during the quarter. Amalgamated Bank owned approximately 0.06% of Mattel worth $3,502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. bought a new stake in shares of Mattel during the second quarter worth approximately $594,000. Dimensional Fund Advisors LP raised its position in shares of Mattel by 34.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after acquiring an additional 1,479,227 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Mattel by 7.9% in the 2nd quarter. Federated Hermes Inc. now owns 50,169 shares of the company’s stock valued at $816,000 after purchasing an additional 3,662 shares during the period. Cornercap Investment Counsel Inc. boosted its position in shares of Mattel by 115.3% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 57,734 shares of the company’s stock worth $939,000 after purchasing an additional 30,923 shares during the last quarter. Finally, Qsemble Capital Management LP acquired a new stake in shares of Mattel during the second quarter worth $354,000. 97.15% of the stock is owned by institutional investors.

Mattel Trading Down 1.6 %

Shares of NASDAQ:MAT opened at $19.23 on Monday. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.19 and a beta of 0.80. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $22.30. The company’s fifty day simple moving average is $18.74 and its 200 day simple 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 released its quarterly earnings results 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. As a group, research analysts forecast that Mattel, Inc. will post 1.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.