2 weeks Ago By Defense World Staff
Cerity Partners LLC bought a new position in Mattel, Inc. ( NASDAQ:MAT – Free Report ) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 13,660 shares of the company’s stock, valued at approximately $245,000.
Several other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in Mattel by 84.
0% during the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock worth $176,757,000 after acquiring an additional 4,270,162 shares in the last quarter.
Norges Bank acquired a new stake in shares of Mattel during the fourth quarter worth about $54,929,000. Hennessy Advisors Inc. bought a new position in shares of Mattel during the 4th quarter valued at about $53,238,000.
Arrowstreet Capital Limited Partnership grew its position in shares of Mattel by 34.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,129,699 shares of the company’s stock valued at $37,760,000 after purchasing an additional 545,300 shares during the period.
Finally, Assenagon Asset Management S.A. bought a new stake in Mattel during the 4th quarter worth approximately $7,431,000.
97.15% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes A number of research analysts have weighed in on the stock.
Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th.
Morgan Stanley upped their target price on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th.
DA Davidson raised Mattel to a “strong-buy” rating in a research note on Monday, April 14th. Finally, StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th.
Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mattel currently has a consensus rating of “Moderate Buy” and an average target price of $26.40.
Mattel Price Performance Shares of NASDAQ MAT opened at $15.77 on Friday. The company has a debt-to-equity ratio of 1.
03, a current ratio of 2.38 and a quick ratio of 2.00.
The business has a 50-day moving average of $18.60 and a 200-day moving average of $18.83.
The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 2.
35 and a beta of 0.51. Mattel, Inc.
has a fifty-two week low of $13.95 and a fifty-two week high of $22.07.
Mattel ( NASDAQ:MAT – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
20 by $0.15. Mattel had a return on equity of 25.
94% and a net margin of 10.07%. During the same quarter in the previous year, the company posted $0.
29 EPS. As a group, sell-side analysts predict that Mattel, Inc. will post 1.
7 earnings per share for the current fiscal year. About Mattel ( Free Report ) 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. Featured Articles Five stocks we like better than Mattel Find and Profitably Trade Stocks at 52-Week Lows 2 Strong Utilities Plays With Booming Earnings and Room to Grow How to find penny stocks to invest and trade Why Smart Investors Don’t Panic in Election Season Breakout Stocks: What They Are and How to Identify Them Now Is the Time to Buy ServiceNow—The Rebound Is Real Want to see what other hedge funds are holding MAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mattel, Inc.
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