Point72 Hong Kong Ltd cut its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 62.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,600 shares of the company's stock after selling 45,050 shares during the period. Point72 Hong Kong Ltd's holdings in Mattel were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barington Capital Group L.P. increased its stake in Mattel by 25.3% in the second quarter. Barington Capital Group L.P. now owns 595,000 shares of the company's stock valued at $9,675,000 after purchasing an additional 120,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Mattel by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company's stock worth $81,222,000 after buying an additional 114,305 shares during the period. SG Americas Securities LLC acquired a new position in Mattel during the 2nd quarter worth approximately $312,000. Thrivent Financial for Lutherans boosted its holdings in Mattel by 101.0% in the third quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company's stock worth $3,208,000 after acquiring an additional 84,626 shares in the last quarter. Finally, Citigroup Inc. grew its stake in Mattel by 449.9% in the third quarter. Citigroup Inc. now owns 291,983 shares of the company's stock valued at $5,562,000 after acquiring an additional 238,884 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.
Mattel Stock Performance
Shares of NASDAQ MAT traded down $0.12 during midday trading on Tuesday, reaching $18.80. The company's stock had a trading volume of 2,232,321 shares, compared to its average volume of 3,226,912. The stock has a market capitalization of $6.33 billion, a P/E ratio of 11.75, a PEG ratio of 0.98 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. The firm has a 50 day moving average price of $19.04 and a 200-day moving average price of $18.39. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $20.59.
Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The business's revenue was down 3.9% on a year-over-year basis. As a group, equities analysts predict that Mattel, Inc. will post 1.46 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on MAT shares. JPMorgan Chase & Co. increased their target price on Mattel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Monday, October 21st. StockNews.com cut shares of Mattel from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Morgan Stanley upped 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. 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 reissued a "buy" rating and issued a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $23.75.
Check Out Our Latest Research Report on MAT
Mattel Profile
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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.
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