AQR Capital Management LLC Acquires 84,702 Shares of Mattel, Inc. (NASDAQ:MAT)

AQR Capital Management LLC lifted its stake in Mattel, Inc. (NASDAQ:MAT) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,099,727 shares of the company’s stock after purchasing an additional 84,702 shares during the period. AQR Capital Management LLC owned 0.32% of Mattel worth $17,882,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MAT. GAMMA Investing LLC raised its stake in Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after acquiring an additional 1,052 shares during the period. Blue Trust Inc. boosted its holdings in shares of Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after purchasing an additional 1,220 shares during the last quarter. CWM LLC raised its position in Mattel by 71.0% during the second quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,097 shares during the period. Versant Capital Management Inc increased its position in shares of Mattel by 14,185.0% during the 2nd quarter. Versant Capital Management Inc now owns 2,857 shares of the company’s stock valued at $46,000 after purchasing an additional 2,837 shares during the last quarter. Finally, Denver PWM LLC purchased a new stake in Mattel during the 2nd quarter valued at $70,000. 97.15% of the stock is owned by institutional investors.

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $19.05 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. The firm has a market cap of $6.56 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 1.25 and a beta of 0.80. The firm’s 50 day simple moving average is $18.98 and its 200-day simple moving average is $18.35. Mattel, Inc. has a one year low of $15.87 and a one year high of $21.99.

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

Wall Street Analyst Weigh In

MAT has been the topic of a number of analyst reports. DA Davidson reiterated a “buy” rating and set a $27.00 price objective on shares of Mattel in a research report on Monday, July 22nd. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mattel has a consensus rating of “Moderate Buy” and a consensus price target 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.