Elo Mutual Pension Insurance Co Buys Shares of 13,626 Mattel, Inc. (NASDAQ:MAT)

Elo Mutual Pension Insurance Co bought a new position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,626 shares of the company's stock, valued at approximately $242,000.

A number of other hedge funds have also made changes to their positions in MAT. EverSource Wealth Advisors LLC raised its position in Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after acquiring an additional 926 shares during the last quarter. West Oak Capital LLC raised its position in shares of Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock worth $35,000 after buying an additional 1,955 shares during the period. TD Private Client Wealth LLC acquired a new position in Mattel in the fourth quarter valued at $51,000. GAMMA Investing LLC grew its position in Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock valued at $63,000 after acquiring an additional 744 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in shares of Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after purchasing an additional 2,972 shares during the period. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Stock Performance

Shares of NASDAQ:MAT traded down $1.06 during trading on Friday, reaching $15.52. 1,556,958 shares of the company's stock traded hands, compared to its average volume of 3,404,782. 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 company has a 50 day moving average of $20.29 and a 200-day moving average of $19.30. Mattel, Inc. has a 12 month low of $15.45 and a 12 month high of $22.07. The stock has a market capitalization of $5.01 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51.

Remove Ads

Mattel (NASDAQ:MAT - Get Free Report) last released 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 return on equity of 25.94% and a net margin of 10.07%. During the same quarter last year, the company posted $0.29 earnings per share. On average, equities analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Analyst Upgrades and Downgrades

MAT has been the subject of a number of research analyst reports. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Morgan Stanley lifted 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. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and upped their price objective for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Finally, DA Davidson increased their price target on Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company 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.