Mattel, Inc. (NASDAQ:MAT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Mattel, Inc. (NASDAQ:MATFree Report) by 53.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 66,915 shares of the company’s stock after selling 75,901 shares during the period. SG Americas Securities LLC’s holdings in Mattel were worth $1,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MAT. HS Management Partners LLC purchased a new position in shares of Mattel in the third quarter valued at $83,491,000. Jericho Capital Asset Management L.P. purchased a new stake in shares of Mattel in the third quarter valued at about $76,819,000. Norges Bank acquired a new stake in shares of Mattel in the fourth quarter valued at approximately $60,820,000. Point72 Asset Management L.P. increased its stake in shares of Mattel by 30.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,717,191 shares of the company’s stock worth $92,174,000 after purchasing an additional 1,095,461 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in Mattel by 292,683.1% during the first quarter. Rockefeller Capital Management L.P. now owns 813,937 shares of the company’s stock worth $14,983,000 after buying an additional 813,659 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Price Performance

NASDAQ MAT opened at $19.81 on Friday. The firm has a market cap of $6.81 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.32 and a beta of 0.95. Mattel, Inc. has a fifty-two week low of $16.20 and a fifty-two week high of $22.64. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.33 and a quick ratio of 1.90. The stock’s 50-day moving average is $19.17 and its two-hundred day moving average is $19.42.

Mattel (NASDAQ:MATGet Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Mattel had a return on equity of 21.25% and a net margin of 3.94%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm posted $0.18 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. On average, analysts anticipate that Mattel, Inc. will post 1.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Roth Capital lowered shares of Mattel from a “buy” rating to a “neutral” rating in a report on Thursday, January 4th. Roth Mkm reaffirmed a “neutral” rating and issued a $20.00 target price (down previously from $24.00) on shares of Mattel in a research report on Thursday, January 4th. Jefferies Financial Group raised their target price on Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a report on Friday, March 15th. DA Davidson upped their price target on Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $19.00 price objective (down previously from $25.00) on shares of Mattel in a research note on Wednesday, January 17th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.13.

Check Out Our Latest Stock Report on Mattel

Mattel Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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