FORA Capital LLC bought a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 52,675 shares of the company's stock, valued at approximately $1,003,000.
A number of other institutional investors have also modified their holdings of MAT. UMB Bank n.a. raised its stake in Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock worth $28,000 after acquiring an additional 1,268 shares during the period. V Square Quantitative Management LLC acquired a new stake in Mattel during the third quarter worth about $29,000. GAMMA Investing LLC raised its stake in Mattel by 108.5% during the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company's stock worth $33,000 after acquiring an additional 1,052 shares during the period. Blue Trust Inc. raised its stake in Mattel by 143.2% during the second quarter. Blue Trust Inc. now owns 2,072 shares of the company's stock worth $34,000 after acquiring an additional 1,220 shares during the period. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Mattel in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 97.15% of the company's stock.
Mattel Stock Up 1.4 %
MAT stock traded up $0.27 during midday trading on Friday, reaching $19.02. The company had a trading volume of 1,504,225 shares, compared to its average volume of 3,233,855. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $6.41 billion, a P/E ratio of 11.72, a PEG ratio of 0.97 and a beta of 0.78. The company has a 50 day moving average of $19.05 and a two-hundred day moving average of $18.39.
Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.19. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. Mattel's revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. On average, equities research analysts expect that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
MAT has been the subject of several recent analyst reports. StockNews.com cut shares of Mattel from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Jefferies Financial Group increased their price objective on shares of Mattel from $18.25 to $20.00 and gave the company a "hold" rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price objective on shares of Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, October 21st. DA Davidson restated a "buy" rating and set a $27.00 target price on shares of Mattel in a report on Thursday, October 24th. Finally, Morgan Stanley raised their target price on shares of Mattel from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $23.75.
View Our Latest Research Report on Mattel
Mattel Company Profile
(
Free Report)
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.
Further Reading
![Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=MAT)
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