Cerity Partners LLC Increases Holdings in Mattel, Inc. (NASDAQ:MAT)

Cerity Partners LLC raised its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 479.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,159 shares of the company’s stock after buying an additional 65,499 shares during the quarter. Cerity Partners LLC’s holdings in Mattel were worth $1,538,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Trust Co. of Vermont boosted its stake 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 worth $26,000 after acquiring an additional 1,195 shares during the period. TD Private Client Wealth LLC bought a new position in Mattel during the fourth quarter valued at approximately $51,000. Fifth Third Bancorp boosted its stake in Mattel by 52.9% during 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. Quarry LP boosted its stake in Mattel by 130.3% during 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. Finally, UMB Bank n.a. boosted its stake in Mattel by 93.5% during the first quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock valued at $58,000 after buying an additional 1,447 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Trading Up 2.6%

Shares of MAT stock opened at $19.88 on Tuesday. The business’s fifty day moving average price is $19.46 and its 200 day moving average price is $18.86. The firm has a market capitalization of $6.42 billion, a PE ratio of 12.74, a P/E/G ratio of 2.14 and a beta of 0.66. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.43 and a quick ratio of 1.86. Mattel, Inc. has a 1-year low of $13.95 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. The company had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. Mattel had a return on equity of 25.80% and a net margin of 9.82%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.05) EPS. As a group, sell-side analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.