Squarepoint Ops LLC Has $48.32 Million Stake in Mattel, Inc. $MAT

Squarepoint Ops LLC increased its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 47.0% during the second quarter, HoldingsChannel.com reports. The fund owned 3,481,088 shares of the company’s stock after purchasing an additional 1,112,467 shares during the period. Squarepoint Ops LLC’s holdings in Mattel were worth $48,318,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MAT. Nykredit A S bought a new position in Mattel in the 2nd quarter worth approximately $105,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Mattel during the second quarter worth $271,000. California State Teachers Retirement System boosted its holdings in Mattel by 1,146.0% in the 2nd quarter. California State Teachers Retirement System now owns 4,648,162 shares of the company’s stock valued at $64,516,000 after purchasing an additional 4,275,111 shares during the period. AlphaGrep UK Ltd bought a new stake in Mattel in the 2nd quarter valued at $436,000. Finally, TD Waterhouse Canada Inc. grew its position in Mattel by 10.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 39,837 shares of the company’s stock worth $548,000 after purchasing an additional 3,780 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group lowered Mattel from a “neutral” rating to a “sell” rating and lowered their price target for the company from $15.00 to $12.00 in a research note on Thursday, July 9th. Weiss Ratings lowered Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Citigroup cut their target price on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Argus reaffirmed a “buy” rating and issued a $22.00 target price on shares of Mattel in a research report on Tuesday, August 25th. Finally, Odeon Capital Group assumed coverage on shares of Mattel in a research note on Thursday, July 16th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.80.

Insider Buying and Selling at Mattel

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $15.02, for a total transaction of $587,026.66. Following the completion of the sale, the executive vice president directly owned 144,390 shares of the company’s stock, valued at approximately $2,168,737.80. The trade was a 21.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.

Mattel Stock Down 2.7%

MAT opened at $14.14 on Wednesday. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.59 and a beta of 0.72. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.26 and a current ratio of 1.90. The firm’s 50-day simple moving average is $14.44 and its 200-day simple moving average is $14.81. Mattel, Inc. has a twelve month low of $12.73 and a twelve month high of $22.48.

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

About Mattel

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.