Pacer Advisors Inc. Has $1 Million Stake in Mattel, Inc. (NASDAQ:MAT)

Pacer Advisors Inc. raised its holdings in Mattel, Inc. (NASDAQ:MATFree Report) by 78.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,091 shares of the company’s stock after purchasing an additional 23,361 shares during the quarter. Pacer Advisors Inc.’s holdings in Mattel were worth $1,002,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MAT. HS Management Partners LLC raised its position in shares of Mattel by 21.5% during the fourth quarter. HS Management Partners LLC now owns 4,603,400 shares of the company’s stock worth $86,912,000 after acquiring an additional 813,500 shares during the last quarter. Handelsinvest Investeringsforvaltning bought a new stake in Mattel during the 4th quarter worth about $872,000. Vanguard Group Inc. lifted its position in Mattel by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 34,317,700 shares of the company’s stock valued at $756,019,000 after purchasing an additional 142,123 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Mattel by 93.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 120,780 shares of the company’s stock valued at $2,661,000 after purchasing an additional 58,385 shares during the last quarter. Finally, Citigroup Inc. grew its position in shares of Mattel by 10.2% during the 3rd quarter. Citigroup Inc. now owns 32,606 shares of the company’s stock worth $718,000 after buying an additional 3,008 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on MAT shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $19.00 price objective (down from $25.00) on shares of Mattel in a research note on Wednesday, January 17th. Roth Capital cut Mattel from a “buy” rating to a “neutral” rating in a research note on Thursday, January 4th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Roth Mkm restated a “neutral” rating and set a $20.00 target price (down previously from $24.00) on shares of Mattel in a report on Thursday, January 4th. Finally, DA Davidson upped their price target on Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mattel has an average rating of “Moderate Buy” and an average price target of $22.13.

Get Our Latest Stock Analysis on MAT

Mattel Stock Down 0.3 %

NASDAQ:MAT opened at $19.62 on Wednesday. The company has a market cap of $6.75 billion, a PE ratio of 32.16, a PEG ratio of 1.32 and a beta of 0.96. The stock has a 50-day simple moving average of $19.25 and a 200 day simple moving average of $19.37. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.90 and a current ratio of 2.33. Mattel, Inc. has a 52-week low of $16.20 and a 52-week high of $22.64.

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

Mattel Company 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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