Mattel, Inc. (NASDAQ:MAT) Shares Bought by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC lifted its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 46.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,531 shares of the company's stock after buying an additional 23,684 shares during the period. Abacus FCF Advisors LLC's holdings in Mattel were worth $1,321,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Capula Management Ltd acquired a new stake in shares of Mattel during the 4th quarter worth approximately $387,000. Renaissance Technologies LLC acquired a new stake in Mattel in the fourth quarter worth $2,489,000. Bank of Nova Scotia bought a new stake in Mattel in the fourth quarter valued at $356,000. Invesco Ltd. raised its holdings in shares of Mattel by 468.3% during the fourth quarter. Invesco Ltd. now owns 3,394,958 shares of the company's stock valued at $60,193,000 after purchasing an additional 2,797,559 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Mattel by 2.0% during the 4th quarter. Bank of Montreal Can now owns 497,821 shares of the company's stock worth $8,826,000 after purchasing an additional 9,641 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

Shares of Mattel stock traded up $0.27 during trading on Friday, hitting $15.04. 6,031,858 shares of the company's stock traded hands, compared to its average volume of 3,527,256. The business has a 50-day simple moving average of $19.79 and a 200-day simple moving average of $19.09. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The stock has a market capitalization of $4.86 billion, a P/E ratio of 9.40, a PEG ratio of 2.35 and a beta of 0.51. Mattel, Inc. has a 1 year low of $13.95 and a 1 year high of $22.07.

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Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business posted $0.29 earnings per share. As a group, analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

Analyst Upgrades and Downgrades

MAT has been the subject of several analyst reports. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Morgan Stanley upped their price objective on Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and lifted their target price for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. Finally, DA Davidson increased their price target on shares of Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Mattel presently has a consensus rating of "Moderate Buy" and an average target price of $25.57.

Mattel Company 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.