Mattel, Inc. (NASDAQ:MAT) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 17.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 767,847 shares of the company's stock after selling 166,439 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Mattel worth $14,627,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MAT. UMB Bank n.a. boosted its position in shares of Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock valued at $28,000 after buying an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Mattel in the third quarter worth about $29,000. Prospera Private Wealth LLC purchased a new position in Mattel in the third quarter worth about $34,000. GAMMA Investing LLC boosted its position in Mattel by 108.5% in the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company's stock worth $33,000 after purchasing an additional 1,052 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Mattel by 143.2% in the second quarter. Blue Trust Inc. now owns 2,072 shares of the company's stock worth $34,000 after purchasing an additional 1,220 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Down 2.0 %

NASDAQ:MAT traded down $0.40 during mid-day trading on Friday, reaching $19.36. The company's stock had a trading volume of 2,241,427 shares, compared to its average volume of 3,955,236. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59. The stock has a fifty day moving average of $19.07 and a 200-day moving average of $18.42. The firm has a market capitalization of $6.52 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.02 and a beta of 0.76. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.95 by $0.19. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 earnings per share. Equities research analysts forecast that Mattel, Inc. will post 1.46 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on MAT shares. StockNews.com downgraded Mattel from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Bank of America raised their price objective on Mattel from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley lifted their target price on Mattel from $21.00 to $22.00 and gave the company an "equal weight" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Finally, DA Davidson reissued a "buy" rating and set a $27.00 target price on shares of Mattel in a research note on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mattel presently has an average rating of "Hold" and an average price target of $23.75.

About Mattel

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.