Mattel, Inc. (NASDAQ:MAT) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 26.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,541 shares of the company’s stock after buying an additional 744 shares during the period. GAMMA Investing LLC’s holdings in Mattel were worth $63,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in Mattel by 2.8% during the third quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock worth $491,000 after purchasing an additional 693 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Mattel by 3.0% in the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after buying an additional 1,160 shares in the last quarter. KBC Group NV raised its holdings in Mattel by 13.8% during the 3rd quarter. KBC Group NV now owns 10,166 shares of the company’s stock worth $194,000 after buying an additional 1,229 shares during the period. UMB Bank n.a. boosted its stake in Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares during the period. Finally, US Bancorp DE raised its position in Mattel by 7.1% during the third quarter. US Bancorp DE now owns 21,096 shares of the company’s stock valued at $402,000 after buying an additional 1,400 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Performance

NASDAQ MAT opened at $18.68 on Monday. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $20.59. The stock has a market cap of $6.29 billion, a P/E ratio of 11.68, a PEG ratio of 0.97 and a beta of 0.75. The company’s 50-day simple moving average is $18.66 and its 200 day simple moving average is $18.59. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company earned $1.08 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, research analysts forecast that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MAT has been the subject of a number of research reports. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Thursday, January 2nd. DA Davidson reiterated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. Morgan Stanley raised their target price on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th. Bank of America upped their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group lifted their price objective on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.75.

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.