Mattel, Inc. (NASDAQ:MAT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,885 shares of the company’s stock after selling 1,530 shares during the period. Nisa Investment Advisors LLC’s holdings in Mattel were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Trust Co. of Vermont raised its position in shares of Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock valued at $26,000 after buying an additional 1,195 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Mattel by 150.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after buying an additional 926 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in shares of Mattel in the fourth quarter valued at approximately $51,000. Fifth Third Bancorp raised its position in shares of Mattel by 52.9% in the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock valued at $54,000 after buying an additional 962 shares during the last quarter. Finally, Quarry LP raised its position in shares of Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company’s stock valued at $56,000 after buying an additional 1,781 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Price Performance

Mattel stock opened at $19.60 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.43. Mattel, Inc. has a 1 year low of $13.95 and a 1 year high of $22.07. The firm has a 50 day moving average price of $19.37 and a 200 day moving average price of $18.82. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 2.03 and a beta of 0.66.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.08. Mattel had a net margin of 9.82% and a return on equity of 25.80%. The company had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. Mattel’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MAT. The Goldman Sachs Group cut their price objective on shares of Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Citigroup boosted their price objective on shares of Mattel from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, June 16th. DA Davidson restated a “buy” rating and issued a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. Morgan Stanley boosted their target price on shares of Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Finally, Roth Capital set a $22.00 target price on shares of Mattel and gave the company a “neutral” rating in a report on Friday, July 11th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.13.

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.