Bank of Nova Scotia raised its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 635.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 577,735 shares of the company’s stock after acquiring an additional 499,220 shares during the quarter. Bank of Nova Scotia owned approximately 0.17% of Mattel worth $12,439,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Highlander Capital Management LLC bought a new position in Mattel during the 2nd quarter valued at $105,000. Penserra Capital Management LLC lifted its position in shares of Mattel by 26.6% in the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after buying an additional 1,287 shares during the last quarter. Delta Asset Management LLC TN lifted its position in shares of Mattel by 54.7% in the 2nd quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock worth $133,000 after buying an additional 2,175 shares during the last quarter. ETF Managers Group LLC bought a new position in shares of Mattel in the 2nd quarter worth about $195,000. Finally, Nations Financial Group Inc. IA ADV lifted its position in shares of Mattel by 11.4% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 9,764 shares of the company’s stock worth $210,000 after buying an additional 1,003 shares during the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.
Mattel, Inc. (NASDAQ MAT) traded up 0.70% during mid-day trading on Friday, hitting $15.73. 896,361 shares of the company were exchanged. The stock’s 50 day moving average is $15.60 and its 200-day moving average is $20.12. Mattel, Inc. has a 12-month low of $14.35 and a 12-month high of $33.23. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 22.57 and a beta of 0.86.
Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.05). Mattel had a net margin of 4.51% and a return on equity of 11.62%. The firm had revenue of $974.50 million during the quarter, compared to analyst estimates of $972.36 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities research analysts predict that Mattel, Inc. will post $0.76 EPS for the current year.
In other news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of Mattel stock in a transaction dated Tuesday, August 1st. The shares were bought at an average price of $19.61 per share, for a total transaction of $248,262.60. Following the purchase, the chief executive officer now owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by insiders.
A number of research analysts have recently issued reports on MAT shares. BidaskClub upgraded shares of Mattel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. Jefferies Group LLC restated a “hold” rating and issued a $17.00 price target on shares of Mattel in a research report on Thursday, September 7th. BMO Capital Markets restated an “outperform” rating and issued a $25.00 price target (down from $30.00) on shares of Mattel in a research report on Friday, July 28th. UBS AG set a $26.00 price target on shares of Mattel and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $19.00 price target on shares of Mattel in a research report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mattel presently has a consensus rating of “Hold” and a consensus target price of $23.57.
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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