Holocene Advisors LP Sells 230,990 Shares of Mattel, Inc. (NASDAQ:MAT)

Holocene Advisors LP lowered its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 72.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 86,809 shares of the company's stock after selling 230,990 shares during the quarter. Holocene Advisors LP's holdings in Mattel were worth $1,654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in Mattel by 20,152.4% during the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company's stock valued at $178,783,000 after purchasing an additional 10,940,943 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Mattel by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,291,976 shares of the company's stock valued at $119,862,000 after buying an additional 27,204 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Mattel by 34.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company's stock worth $94,215,000 after buying an additional 1,479,227 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Mattel by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company's stock worth $81,222,000 after acquiring an additional 114,305 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Mattel by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 2,915,356 shares of the company's stock valued at $47,404,000 after acquiring an additional 51,687 shares during the period. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Performance

Mattel stock traded down $0.40 during midday trading on Friday, reaching $19.36. 2,241,427 shares of the company's stock were exchanged, compared to its average volume of 3,955,236. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 1.02 and a beta of 0.76. The stock's 50-day simple moving average is $19.07 and its 200 day simple moving average is $18.42. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $20.59. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company posted $1.08 EPS. The company's revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts expect that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MAT shares. Jefferies Financial Group boosted their price objective on Mattel from $18.25 to $20.00 and gave the company a "hold" rating in a research report on Tuesday, October 1st. StockNews.com downgraded shares of Mattel from a "buy" rating to a "hold" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on shares of Mattel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Bank of America lifted their price target on Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, DA Davidson reaffirmed a "buy" rating and set a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $23.75.

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.