EVR Research LP Invests $6.34 Million in Mattel, Inc. (NASDAQ:MAT)

EVR Research LP acquired a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 390,000 shares of the company's stock, valued at approximately $6,341,000. Mattel makes up approximately 1.9% of EVR Research LP's investment portfolio, making the stock its 20th biggest holding. EVR Research LP owned 0.11% of Mattel as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. grew its position in Mattel by 20,152.4% during the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company's stock worth $178,783,000 after buying an additional 10,940,943 shares during the period. LSV Asset Management acquired a new position in Mattel during the second quarter worth $32,559,000. Dimensional Fund Advisors LP raised its holdings in Mattel by 34.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company's stock worth $94,215,000 after purchasing an additional 1,479,227 shares during the last quarter. Capital International Investors grew its holdings in Mattel by 7.4% in the fourth quarter. Capital International Investors now owns 18,386,007 shares of the company's stock valued at $347,128,000 after purchasing an additional 1,272,018 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Mattel in the fourth quarter valued at $15,642,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Trading Up 1.4 %

NASDAQ MAT traded up $0.27 during trading hours on Thursday, hitting $19.04. 2,285,117 shares of the company's stock were exchanged, compared to its average volume of 3,243,056. The business's 50 day moving average is $18.87 and its 200-day moving average is $18.38. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $22.30. The firm has a market capitalization of $6.55 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 1.25 and a beta of 0.80.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business earned $0.10 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. As a group, analysts anticipate that Mattel, Inc. will post 1.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MAT shares. DA Davidson reissued a "buy" rating and issued a $27.00 price objective on shares of Mattel in a research note on Monday, July 22nd. StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.63.

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.