Capital Fund Management S.A. Lowers Stake in Mattel, Inc. (NASDAQ:MAT)

Capital Fund Management S.A. reduced its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 28.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,463 shares of the company's stock after selling 212,274 shares during the quarter. Capital Fund Management S.A. owned about 0.16% of Mattel worth $9,299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Franklin Resources Inc. boosted its stake in shares of Mattel by 84.0% during the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock worth $176,757,000 after buying an additional 4,270,162 shares during the period. Norges Bank purchased a new position in shares of Mattel in the 4th quarter valued at approximately $54,929,000. Hennessy Advisors Inc. acquired a new position in shares of Mattel in the fourth quarter valued at approximately $53,238,000. Invesco Ltd. raised its stake in shares of Mattel by 468.3% during the fourth quarter. Invesco Ltd. now owns 3,394,958 shares of the company's stock worth $60,193,000 after purchasing an additional 2,797,559 shares during the last quarter. Finally, Ranmore Fund Management Ltd acquired a new stake in shares of Mattel during the fourth quarter worth $13,120,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Price Performance

Shares of MAT traded up $0.04 on Thursday, reaching $14.68. The stock had a trading volume of 1,637,373 shares, compared to its average volume of 3,551,016. Mattel, Inc. has a twelve month low of $13.95 and a twelve month high of $22.07. The firm has a market capitalization of $4.74 billion, a PE ratio of 9.19, a PEG ratio of 2.35 and a beta of 0.51. The firm has a 50-day moving average of $19.41 and a 200 day moving average of $19.01. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate 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 business earned $0.29 EPS. Sell-side analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Wall Street Analysts Forecast Growth

MAT has been the subject of a number of analyst reports. DA Davidson upgraded shares of Mattel to a "strong-buy" rating in a research report on Monday. Morgan Stanley increased their target price on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Finally, Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and increased their price objective for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.