Magnetar Financial LLC Acquires New Holdings in Mattel, Inc. (NASDAQ:MAT)

Magnetar Financial LLC bought a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 53,258 shares of the company's stock, valued at approximately $944,000.

Several other hedge funds have also recently made changes to their positions in the business. Natixis Advisors LLC raised its holdings in Mattel by 42.9% during the 3rd quarter. Natixis Advisors LLC now owns 28,887 shares of the company's stock valued at $550,000 after buying an additional 8,679 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Mattel by 101.0% in the third quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company's stock valued at $3,208,000 after acquiring an additional 84,626 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Mattel in the 3rd quarter worth about $34,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Mattel during the 3rd quarter worth about $591,000. Finally, Landscape Capital Management L.L.C. bought a new position in Mattel during the 3rd quarter valued at about $1,140,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Stock Up 0.4 %

Shares of MAT stock traded up $0.08 during mid-day trading on Wednesday, hitting $19.76. The stock had a trading volume of 1,909,901 shares, compared to its average volume of 3,255,262. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $22.07. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The firm's 50-day moving average is $20.12 and its two-hundred day moving average is $19.29. The firm has a market capitalization of $6.58 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65.

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Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period last year, the firm earned $0.29 earnings per share. On average, analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MAT shares. DA Davidson raised their price objective on shares of Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Morgan Stanley upped their price objective on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and lifted their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Mattel has an average rating of "Moderate Buy" and a consensus target price of $25.57.

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.