Diametric Capital LP Boosts Holdings in Mattel, Inc. (NASDAQ:MAT)

Diametric Capital LP lifted its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 122.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,914 shares of the company's stock after purchasing an additional 28,014 shares during the period. Diametric Capital LP's holdings in Mattel were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Magnetar Financial LLC purchased a new position in Mattel in the 4th quarter valued at $944,000. Citigroup Inc. raised its position in shares of Mattel by 449.9% in the third quarter. Citigroup Inc. now owns 291,983 shares of the company's stock valued at $5,562,000 after buying an additional 238,884 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Mattel by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock worth $77,847,000 after buying an additional 127,064 shares in the last quarter. Vanguard Group Inc. boosted its position in Mattel by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock worth $587,469,000 after acquiring an additional 355,769 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Mattel during the 4th quarter valued at about $538,000. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Trading Down 0.8 %

NASDAQ MAT traded down $0.13 during trading hours on Friday, reaching $16.45. The company had a trading volume of 10,118,275 shares, compared to its average volume of 3,446,951. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $5.31 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. The stock has a 50-day moving average of $20.25 and a 200 day moving average of $19.28. Mattel, Inc. has a 1-year low of $15.44 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 EPS for the quarter, topping the consensus estimate 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 company posted $0.29 EPS. As a group, research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MAT shares. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and boosted their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. DA Davidson lifted their price target on Mattel from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Finally, Morgan Stanley upped their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Three equities 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, Mattel currently has a consensus 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.