Xponance Inc. Boosts Position in Mattel, Inc. (NASDAQ:MAT)

Xponance Inc. grew its position in Mattel, Inc. (NASDAQ:MAT) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,210 shares of the company’s stock after buying an additional 3,592 shares during the quarter. Xponance Inc.’s holdings in Mattel were worth $929,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jericho Capital Asset Management L.P. purchased a new stake in shares of Mattel during the third quarter worth about $76,819,000. HS Management Partners LLC raised its holdings in Mattel by 21.5% in the 4th quarter. HS Management Partners LLC now owns 4,603,400 shares of the company’s stock valued at $86,912,000 after acquiring an additional 813,500 shares during the last quarter. Kingdon Capital Management L.L.C. purchased a new position in shares of Mattel during the 3rd quarter worth $14,320,000. Trexquant Investment LP lifted its stake in shares of Mattel by 256.4% during the 3rd quarter. Trexquant Investment LP now owns 287,342 shares of the company’s stock worth $6,330,000 after purchasing an additional 206,729 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Mattel by 340.7% during the third quarter. UBS Group AG now owns 250,781 shares of the company’s stock worth $5,525,000 after purchasing an additional 193,871 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Trading Down 3.7 %

NASDAQ:MAT opened at $18.47 on Friday. The business’s 50-day moving average is $19.30 and its two-hundred day moving average is $19.08. The firm has a market capitalization of $6.35 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 1.26 and a beta of 0.95. Mattel, Inc. has a 12 month low of $16.20 and a 12 month high of $22.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.90.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. The business had revenue of $809.50 million for the quarter, compared to the consensus estimate of $833.52 million. Mattel had a return on equity of 24.32% and a net margin of 5.38%. The company’s revenue was down .6% on a year-over-year basis. During the same period last year, the business posted ($0.24) EPS. Research analysts predict that Mattel, Inc. will post 1.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Stifel Nicolaus reduced their target price on Mattel from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Bank of America upped their price target on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group boosted their price objective on shares of Mattel from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, March 15th. Roth Mkm reaffirmed a “neutral” rating and issued a $21.00 target price on shares of Mattel in a research report on Wednesday. Finally, Morgan Stanley reissued an “equal weight” rating and set a $19.00 price target (down previously from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.78.

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.