Mattel, Inc. (MAT) Position Lifted by Pacer Advisors Inc.
Pacer Advisors Inc. increased its holdings in Mattel, Inc. (NASDAQ:MAT) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,527 shares of the company’s stock after acquiring an additional 1,303 shares during the quarter. Pacer Advisors Inc.’s holdings in Mattel were worth $248,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC raised its stake in Mattel by 26.6% during the second quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after buying an additional 1,287 shares in the last quarter. Delta Asset Management LLC TN raised its stake in Mattel by 54.7% during the second quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock valued at $133,000 after buying an additional 2,175 shares in the last quarter. First Interstate Bank raised its stake in Mattel by 237.1% during the first quarter. First Interstate Bank now owns 6,682 shares of the company’s stock valued at $171,000 after buying an additional 4,700 shares in the last quarter. Cleararc Capital Inc. raised its stake in Mattel by 0.8% during the first quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock valued at $215,000 after buying an additional 69 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC acquired a new stake in Mattel during the second quarter valued at approximately $215,000. Institutional investors and hedge funds own 93.54% of the company’s stock.
Mattel, Inc. (MAT) opened at 15.85 on Friday. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 22.74 and a beta of 0.87. Mattel, Inc. has a one year low of $15.17 and a one year high of $33.23. The company has a 50-day moving average price of $17.25 and a 200-day moving average price of $21.56.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The company had revenue of $974.50 million during the quarter, compared to analyst estimates of $972.36 million. Mattel had a net margin of 4.51% and a return on equity of 11.62%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.02) EPS. Equities research analysts anticipate that Mattel, Inc. will post $0.79 EPS for the current year.
In related news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was acquired at an average price of $19.61 per share, with a total value of $248,262.60. Following the completion of the acquisition, the chief executive officer now directly owns 116,788 shares in the company, valued at approximately $2,290,212.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.
Several analysts have issued reports on the company. BidaskClub upgraded Mattel from a “strong sell” rating to a “sell” rating in a research note on Thursday. DA Davidson restated an “underperform” rating and set a $14.00 price objective (down previously from $18.00) on shares of Mattel in a research note on Tuesday. Jefferies Group LLC restated a “hold” rating and set a $17.00 price objective on shares of Mattel in a research note on Thursday, September 7th. Stifel Nicolaus restated a “hold” rating and set a $19.00 price objective on shares of Mattel in a research note on Tuesday, September 5th. Finally, KeyCorp restated a “sector weight” rating on shares of Mattel in a research note on Thursday, August 31st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.27.
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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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