EVR Research LP Sells 295,000 Shares of Mattel, Inc. (NASDAQ:MAT)

EVR Research LP reduced its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 71.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 120,000 shares of the company's stock after selling 295,000 shares during the quarter. Mattel accounts for approximately 0.7% of EVR Research LP's holdings, making the stock its 29th largest holding. EVR Research LP's holdings in Mattel were worth $2,128,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its holdings in Mattel by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company's stock worth $194,000 after buying an additional 601 shares during the last quarter. Clear Harbor Asset Management LLC lifted its holdings in Mattel by 5.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company's stock valued at $229,000 after acquiring an additional 675 shares during the last quarter. Xponance Inc. grew its holdings in shares of Mattel by 1.6% in the 4th quarter. Xponance Inc. now owns 46,262 shares of the company's stock worth $820,000 after acquiring an additional 739 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock valued at $63,000 after acquiring an additional 744 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after purchasing an additional 926 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Mattel Stock Performance

Shares of NASDAQ:MAT traded up $0.31 on Thursday, hitting $14.95. 1,971,894 shares of the company were exchanged, compared to its average volume of 4,178,342. Mattel, Inc. has a one year low of $13.94 and a one year high of $22.07. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 2.35 and a beta of 0.51. The company's 50 day moving average price is $19.41 and its two-hundred day moving average price is $19.01.

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

Wall Street Analysts Forecast Growth

MAT has been the topic of a number of research analyst reports. DA Davidson upgraded Mattel to a "strong-buy" rating in a report on Monday. Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and lifted their price objective for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, Morgan Stanley lifted their price target on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.57.

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.