Elo Mutual Pension Insurance Co Purchases New Shares in Mattel, Inc. (NASDAQ:MAT)

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

Several other large investors also recently modified their holdings of MAT. EverSource Wealth Advisors LLC lifted its position in Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock valued at $27,000 after acquiring an additional 926 shares in the last quarter. West Oak Capital LLC lifted its holdings in shares of Mattel by 9,775.0% in the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after purchasing an additional 1,955 shares in the last quarter. TD Private Client Wealth LLC acquired a new position in shares of Mattel during the fourth quarter worth about $51,000. GAMMA Investing LLC grew its holdings in shares of Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock worth $63,000 after buying an additional 744 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Mattel by 175.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after buying an additional 2,972 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MAT shares. Morgan Stanley upped their price target on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" 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 raised their target price for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. DA Davidson boosted their price target 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. Finally, StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $25.57.

Mattel Stock Performance

Shares of NASDAQ:MAT traded down $0.13 on Friday, hitting $16.45. The company had a trading volume of 10,118,275 shares, compared to its average volume of 3,440,928. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 2.35 and a beta of 0.51. The stock has a 50 day moving average price of $20.25 and a 200 day moving average price of $19.28. Mattel, Inc. has a 1-year low of $15.45 and a 1-year high of $22.07. 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 (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 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 period last year, the company posted $0.29 EPS. Analysts expect that Mattel, Inc. will post 1.7 EPS for the current year.

Mattel 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.