Assenagon Asset Management S.A. Purchases Shares of 419,147 Mattel, Inc. (NASDAQ:MAT)

Assenagon Asset Management S.A. acquired a new position in Mattel, Inc. (NASDAQ:MAT) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 419,147 shares of the company’s stock, valued at approximately $7,431,000. Assenagon Asset Management S.A. owned about 0.12% of Mattel as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the business. Federated Hermes Inc. boosted its stake in shares of Mattel by 7.9% during 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 in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mattel by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after buying an additional 1,479,227 shares during the period. Edgestream Partners L.P. bought a new position in shares of Mattel in the 2nd quarter worth about $594,000. Hsbc Holdings PLC lifted its position in Mattel by 431.1% during the 2nd quarter. Hsbc Holdings PLC now owns 170,185 shares of the company’s stock valued at $2,788,000 after acquiring an additional 138,140 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Mattel during the second quarter worth about $915,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Down 0.1 %

Shares of NASDAQ:MAT opened at $17.93 on Monday. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 0.88 and a beta of 0.75. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $20.59. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $18.51 and a 200 day moving average price of $18.65.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MAT shares. JPMorgan Chase & Co. upped their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Jefferies Financial Group upped their target price 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. StockNews.com downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Morgan Stanley upped their price objective on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Finally, Bank of America raised their price target on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.75.

Mattel Company 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.