Renaissance Technologies LLC Buys New Shares in Mattel, Inc. (NASDAQ:MAT)

Renaissance Technologies LLC bought a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 140,373 shares of the company's stock, valued at approximately $2,489,000.

A number of other large investors have also recently bought and sold shares of MAT. Magnetar Financial LLC purchased a new stake in shares of Mattel in the 4th quarter valued at $944,000. Arrowstreet Capital Limited Partnership grew its position in Mattel by 34.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company's stock worth $37,760,000 after purchasing an additional 545,300 shares during the period. Vanguard Group Inc. raised its stake in shares of Mattel by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company's stock valued at $587,469,000 after buying an additional 355,769 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mattel in the 4th quarter valued at about $660,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Mattel by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company's stock worth $77,847,000 after acquiring an additional 127,064 shares during the period. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Trading Up 0.2 %

Shares of NASDAQ MAT traded up $0.03 during trading on Tuesday, reaching $15.75. The stock had a trading volume of 3,056,228 shares, compared to its average volume of 3,578,505. The business's 50-day moving average price is $18.35 and its 200-day moving average price is $18.78. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. 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 company has a market cap of $5.09 billion, a P/E ratio of 9.84, a PEG ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the firm earned $0.29 EPS. On average, equities research analysts predict that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on MAT. Morgan Stanley raised their price target on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. DA Davidson raised Mattel to a "strong-buy" rating in a report on Monday, April 14th. Finally, Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and boosted their price objective for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Two investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.