Mattel, Inc. (NASDAQ:MAT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 0.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,088,470 shares of the company’s stock after selling 9,652 shares during the period. Rhumbline Advisers owned approximately 0.31% of Mattel worth $20,039,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in Mattel by 46.6% during the 1st quarter. Van ECK Associates Corp now owns 18,171 shares of the company’s stock worth $335,000 after acquiring an additional 5,778 shares in the last quarter. Hussman Strategic Advisors Inc. raised its position in shares of Mattel by 500.0% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 93,000 shares of the company’s stock valued at $1,659,000 after purchasing an additional 77,500 shares in the last quarter. Arizona State Retirement System raised its position in shares of Mattel by 4.1% in the 4th quarter. Arizona State Retirement System now owns 99,680 shares of the company’s stock valued at $1,778,000 after purchasing an additional 3,890 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Mattel by 8.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,156 shares of the company’s stock valued at $979,000 after purchasing an additional 4,217 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Mattel by 7.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 36,100 shares of the company’s stock valued at $665,000 after purchasing an additional 2,550 shares in the last quarter. 93.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. The Goldman Sachs Group upped their target price on Mattel from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, July 21st. StockNews.com initiated coverage on Mattel in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. upped their price target on Mattel from $24.00 to $25.00 in a research report on Thursday, July 27th. Finally, TheStreet raised Mattel from a “c+” rating to a “b” rating in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.11.

Mattel Price Performance

Shares of MAT opened at $21.89 on Wednesday. Mattel, Inc. has a 12 month low of $15.36 and a 12 month high of $24.20. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.35 and a quick ratio of 1.41. The stock has a fifty day moving average price of $20.74 and a 200 day moving average price of $18.85. The company has a market cap of $7.75 billion, a P/E ratio of 35.31, a PEG ratio of 1.94 and a beta of 1.20.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, July 26th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.14. Mattel had a return on equity of 15.57% and a net margin of 4.48%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. On average, research analysts forecast that Mattel, Inc. will post 1.19 earnings per share for the current year.

Insiders Place Their Bets

In other Mattel news, EVP Jonathan Anschell sold 29,079 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $21.27, for a total value of $618,510.33. Following the sale, the executive vice president now directly owns 15,499 shares of the company’s stock, valued at $329,663.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Richard Todd Bradley sold 12,601 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $21.37, for a total transaction of $269,283.37. Following the transaction, the director now directly owns 12,729 shares of the company’s stock, valued at $272,018.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan Anschell sold 29,079 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $21.27, for a total value of $618,510.33. Following the transaction, the executive vice president now directly owns 15,499 shares in the company, valued at $329,663.73. The disclosure for this sale can be found here. Insiders have sold 169,770 shares of company stock valued at $3,592,788 over the last three months. Company insiders own 2.40% of the company’s stock.

Mattel Company Profile

Mattel, Inc, a children's and family entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Disney Princess and Frozen, and Polly Pocket brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, and Power wheels brands.