Caxton Associates LP purchased a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,800 shares of the company’s stock, valued at approximately $405,000.
Other large investors have also made changes to their positions in the company. Cleararc Capital Inc. boosted its position in Mattel by 0.8% during the 1st quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock valued at $215,000 after acquiring an additional 69 shares in the last quarter. Sentry Investment Management LLC boosted its position in Mattel by 0.6% during the 1st quarter. Sentry Investment Management LLC now owns 25,692 shares of the company’s stock valued at $658,000 after acquiring an additional 145 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Mattel by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock valued at $456,000 after acquiring an additional 200 shares in the last quarter. Private Advisor Group LLC boosted its position in Mattel by 1.3% during the 2nd quarter. Private Advisor Group LLC now owns 16,306 shares of the company’s stock valued at $341,000 after acquiring an additional 204 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH boosted its position in Mattel by 1.4% during the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 18,951 shares of the company’s stock valued at $408,000 after acquiring an additional 253 shares in the last quarter. Institutional investors own 93.81% of the company’s stock.
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Several analysts have weighed in on MAT shares. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 price objective on shares of Mattel in a research report on Thursday, September 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $25.00 price objective (down from $30.00) on shares of Mattel in a research report on Friday, July 28th. UBS AG set a $26.00 price objective on Mattel and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 price objective on shares of Mattel in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.57.
In other news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the stock in a transaction on Tuesday, August 1st. The stock was bought at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the completion of the purchase, the chief executive officer now directly owns 116,788 shares in the company, valued at $2,290,212.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by company insiders.
Shares of Mattel, Inc. (NASDAQ MAT) opened at 15.645 on Friday. The company has a market capitalization of $5.36 billion, a PE ratio of 22.446 and a beta of 0.86. Mattel, Inc. has a 12 month low of $14.35 and a 12 month high of $33.23. The stock has a 50 day moving average price of $15.60 and a 200-day moving average price of $20.12.
Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.05). The business had revenue of $974.50 million for the quarter, compared to analysts’ expectations of $972.36 million. Mattel had a net margin of 4.51% and a return on equity of 11.62%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) earnings per share. Analysts forecast that Mattel, Inc. will post $0.76 EPS for the current year.
Mattel Company Profile
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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