Van ECK Associates Corp Invests $1.48 Million in Mattel, Inc. (NASDAQ:MAT)

Van ECK Associates Corp purchased a new position in Mattel, Inc. (NASDAQ:MAT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 78,579 shares of the company’s stock, valued at approximately $1,484,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fifth Third Bancorp boosted its holdings in shares of Mattel by 23.3% in the 3rd quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock worth $64,000 after buying an additional 550 shares during the last quarter. Oak Family Advisors LLC boosted its holdings in shares of Mattel by 0.9% in the 4th quarter. Oak Family Advisors LLC now owns 60,189 shares of the company’s stock worth $1,136,000 after buying an additional 559 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Mattel by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 154,594 shares of the company’s stock worth $3,406,000 after buying an additional 780 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Mattel by 9.5% in the 3rd quarter. Panagora Asset Management Inc. now owns 11,045 shares of the company’s stock worth $243,000 after buying an additional 958 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Mattel by 6.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 17,398 shares of the company’s stock worth $383,000 after buying an additional 989 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Trading Up 0.6 %

Shares of Mattel stock opened at $18.87 on Friday. Mattel, Inc. has a 12-month low of $16.20 and a 12-month high of $22.64. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 1.18 and a beta of 0.98. The company has a current ratio of 2.49, a quick ratio of 1.88 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $19.08 and its 200-day moving average price is $18.92.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The firm had revenue of $809.50 million for the quarter, compared to the consensus estimate of $833.52 million. During the same period in the prior year, the firm posted ($0.24) earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts expect that Mattel, Inc. will post 1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MAT has been the topic of a number of research analyst reports. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Citigroup upped their price objective on shares of Mattel from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. downgraded shares of Mattel from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $24.00 to $19.00 in a report on Monday, February 5th. Roth Mkm reaffirmed a “neutral” rating and set a $21.00 price objective on shares of Mattel in a report on Wednesday, April 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 price objective (down from $25.00) on shares of Mattel in a report on Wednesday, January 17th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.78.

Insider Buying and Selling

In related news, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total value of $407,763.65. Following the transaction, the executive vice president now directly owns 106,086 shares in the company, valued at $1,997,599.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

Mattel 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.