Aigen Investment Management LP Invests $758,000 in Mattel, Inc. (NASDAQ:MAT)

Aigen Investment Management LP bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 42,731 shares of the company's stock, valued at approximately $758,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock worth $176,757,000 after acquiring an additional 4,270,162 shares during the period. Hennessy Advisors Inc. acquired a new stake in Mattel during the fourth quarter valued at approximately $53,238,000. Point72 Asset Management L.P. lifted its stake in Mattel by 54.5% during the third quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company's stock valued at $30,144,000 after purchasing an additional 558,213 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Mattel during the third quarter worth approximately $8,997,000. Finally, Assenagon Asset Management S.A. bought a new stake in Mattel during the fourth quarter worth approximately $7,431,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. StockNews.com downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Morgan Stanley upped their price target on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. DA Davidson upped their price target on shares of Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and increased their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Mattel currently has an average rating of "Moderate Buy" and an average target price of $25.57.

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Mattel Trading Up 1.6 %

Shares of NASDAQ:MAT traded up $0.33 during trading on Friday, hitting $21.00. 2,993,355 shares of the company's stock were exchanged, compared to its average volume of 3,207,553. The firm has a market cap of $7.00 billion, a P/E ratio of 13.13, a PEG ratio of 2.35 and a beta of 0.65. The firm has a 50-day moving average price of $19.64 and a two-hundred day moving average price of $19.20. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company earned $0.29 earnings per share. Equities analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.

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.