Arrowstreet Capital Limited Partnership Buys 545,300 Shares of Mattel, Inc. (NASDAQ:MAT)

Arrowstreet Capital Limited Partnership grew its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 34.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,129,699 shares of the company's stock after buying an additional 545,300 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.63% of Mattel worth $37,760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Mattel by 7.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,572 shares of the company's stock valued at $1,535,000 after acquiring an additional 5,382 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of Mattel by 461.3% in the third quarter. Verition Fund Management LLC now owns 222,095 shares of the company's stock valued at $4,231,000 after purchasing an additional 182,526 shares in the last quarter. Edgestream Partners L.P. boosted its position in shares of Mattel by 39.7% in the third quarter. Edgestream Partners L.P. now owns 51,037 shares of the company's stock worth $972,000 after buying an additional 14,501 shares during the period. Paloma Partners Management Co purchased a new position in shares of Mattel during the third quarter valued at $311,000. Finally, Centiva Capital LP raised its position in Mattel by 29.8% during the third quarter. Centiva Capital LP now owns 57,167 shares of the company's stock valued at $1,089,000 after buying an additional 13,130 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

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Mattel Stock Performance

MAT traded down $0.67 during trading on Monday, hitting $15.78. The stock had a trading volume of 7,016,874 shares, compared to its average volume of 3,461,174. 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 12 month low of $15.44 and a 12 month high of $22.07. The company has a 50 day simple moving average of $20.20 and a 200-day simple moving average of $19.26. The firm has a market cap of $5.10 billion, a PE ratio of 9.86, a P/E/G ratio of 2.35 and a beta of 0.51.

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

Analysts Set New Price Targets

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