III Capital Management Makes New Investment in Mattel, Inc. $MAT

III Capital Management bought a new position in shares of Mattel, Inc. (NASDAQ:MAT) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 132,109 shares of the company’s stock, valued at approximately $1,834,000.

A number of other large investors have also recently made changes to their positions in MAT. Public Employees Retirement System of Ohio grew its holdings in shares of Mattel by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock worth $1,688,000 after purchasing an additional 623 shares during the last quarter. Sei Investments Co. boosted its position in Mattel by 1.7% in the 2nd quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock valued at $902,000 after buying an additional 758 shares during the period. Quinn Opportunity Partners LLC boosted its position in Mattel by 4.5% in the 4th quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company’s stock valued at $359,000 after buying an additional 774 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Mattel by 6.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 16,397 shares of the company’s stock worth $276,000 after acquiring an additional 1,025 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Mattel by 107.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock worth $40,000 after acquiring an additional 1,048 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Up 3.0%

Shares of NASDAQ MAT opened at $15.26 on Wednesday. Mattel, Inc. has a 12-month low of $12.73 and a 12-month high of $22.48. The stock’s fifty day simple moving average is $14.27 and its two-hundred day simple moving average is $15.07. The stock has a market capitalization of $4.36 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a return on equity of 16.20% and a net margin of 7.79%.The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, analysts expect that Mattel, Inc. will post 1.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Odeon Capital Group started coverage on Mattel in a research note on Thursday, July 16th. They issued a “buy” rating on the stock. Weiss Ratings downgraded Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company lowered their target price on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Mattel currently has a consensus rating of “Hold” and an average price target of $17.80.

Mattel Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.