Pinebridge Investments L.P. Has $2.84 Million Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Pinebridge Investments L.P. lifted its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,905 shares of the company's stock after purchasing an additional 31,611 shares during the period. Pinebridge Investments L.P.'s holdings in Mattel were worth $2,835,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MAT. CIBC Asset Management Inc raised its holdings in Mattel by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company's stock valued at $194,000 after acquiring an additional 601 shares during the last quarter. Clear Harbor Asset Management LLC increased its holdings in Mattel by 5.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company's stock valued at $229,000 after purchasing an additional 675 shares in the last quarter. Xponance Inc. raised its holdings in shares of Mattel by 1.6% during the 4th quarter. Xponance Inc. now owns 46,262 shares of the company's stock valued at $820,000 after buying an additional 739 shares during the period. GAMMA Investing LLC raised its stake in shares of Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock valued at $63,000 after purchasing an additional 744 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after buying an additional 926 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

Shares of MAT traded up $0.03 during trading hours on Tuesday, reaching $15.75. 3,056,228 shares of the company traded hands, compared to its average volume of 3,583,386. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The stock's fifty day moving average is $18.23 and its 200 day moving average is $18.76. Mattel, Inc. has a 1-year low of $13.95 and a 1-year high of $22.07. The stock has a market cap of $5.09 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, beating 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 in the prior year, the firm posted $0.29 EPS. Equities research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MAT. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. DA Davidson upgraded Mattel to a "strong-buy" rating in a research note on Monday, April 14th. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and upped their price objective for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, Morgan Stanley lifted their target price on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mattel presently has a consensus rating of "Moderate Buy" and an average target price of $26.40.

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.