Sei Investments Co. Trims Stake in Mattel, Inc. (NASDAQ:MAT)

Sei Investments Co. lessened its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 76.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,934 shares of the company's stock after selling 149,703 shares during the quarter. Sei Investments Co.'s holdings in Mattel were worth $797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantinno Capital Management LP grew its position in Mattel by 3.2% in the third quarter. Quantinno Capital Management LP now owns 108,543 shares of the company's stock valued at $2,068,000 after acquiring an additional 3,373 shares during the last quarter. State Street Corp grew its holdings in shares of Mattel by 3.1% during the 3rd quarter. State Street Corp now owns 10,517,270 shares of the company's stock valued at $200,354,000 after purchasing an additional 318,125 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Mattel during the 3rd quarter worth approximately $224,000. M&T Bank Corp lifted its stake in Mattel by 17.7% in the 3rd quarter. M&T Bank Corp now owns 12,078 shares of the company's stock valued at $230,000 after purchasing an additional 1,815 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Mattel by 0.3% during the third quarter. Geode Capital Management LLC now owns 6,134,691 shares of the company's stock worth $116,896,000 after buying an additional 17,309 shares during the last quarter. Institutional investors own 97.15% of the company's stock.

Mattel Stock Performance

Shares of Mattel stock traded up $0.27 during trading hours on Friday, reaching $15.04. The company had a trading volume of 6,031,858 shares, compared to its average volume of 3,527,256. The firm has a market cap of $4.86 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. Mattel, Inc. has a one year low of $13.95 and a one year high of $22.07. 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 business has a fifty day simple moving average of $19.79 and a 200 day simple moving average of $19.09.

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Mattel (NASDAQ:MAT - Get Free Report) last posted 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 in the previous year, the firm posted $0.29 EPS. On average, analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on MAT shares. Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and upped their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. DA Davidson upped their price target on Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley raised their price objective on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company 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.