Point72 Hong Kong Ltd Makes New Investment in Mattel, Inc. (NASDAQ:MAT)

Point72 Hong Kong Ltd purchased a new stake in Mattel, Inc. (NASDAQ:MAT) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 71,650 shares of the company’s stock, valued at approximately $1,165,000.

A number of other hedge funds have also modified their holdings of MAT. Pacer Advisors Inc. raised its holdings in Mattel by 20,152.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock valued at $178,783,000 after buying an additional 10,940,943 shares during the period. LSV Asset Management purchased a new stake in shares of Mattel in the 2nd quarter valued at approximately $32,559,000. Dimensional Fund Advisors LP raised its stake in shares of Mattel by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after acquiring an additional 1,479,227 shares during the period. Capital International Investors lifted its holdings in shares of Mattel by 7.4% in the 4th quarter. Capital International Investors now owns 18,386,007 shares of the company’s stock worth $347,128,000 after acquiring an additional 1,272,018 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Mattel during the 4th quarter worth approximately $15,642,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Stock Performance

Shares of MAT stock opened at $18.77 on Thursday. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $22.30. The firm has a 50 day moving average of $18.87 and a two-hundred day moving average of $18.38. The company has a quick ratio of 1.81, a current ratio of 2.58 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $6.38 billion, a PE ratio of 22.61, a P/E/G ratio of 1.25 and a beta of 0.80.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the business posted $0.10 earnings per share. Mattel’s revenue was down .7% compared to the same quarter last year. On average, research analysts predict that Mattel, Inc. will post 1.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on MAT. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. DA Davidson reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Mattel presently has a consensus rating of “Moderate Buy” and an average target price of $22.63.

About Mattel

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.