Princeton Portfolio Strategies Group LLC Has $680,000 Holdings in Mattel, Inc. (MAT)
Princeton Portfolio Strategies Group LLC boosted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,575 shares of the company’s stock after acquiring an additional 1,296 shares during the period. Princeton Portfolio Strategies Group LLC’s holdings in Mattel were worth $680,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MAT. Penserra Capital Management LLC grew its holdings in Mattel by 26.6% during the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after acquiring an additional 1,287 shares in the last quarter. Delta Asset Management LLC TN grew its holdings in Mattel by 54.7% during the 2nd quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock worth $133,000 after acquiring an additional 2,175 shares in the last quarter. ETF Managers Group LLC acquired a new position in Mattel during the 2nd quarter worth approximately $195,000. Nations Financial Group Inc. IA ADV grew its holdings in Mattel by 11.4% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 9,764 shares of the company’s stock worth $210,000 after acquiring an additional 1,003 shares in the last quarter. Finally, Cleararc Capital Inc. grew its holdings in Mattel by 0.8% during the 1st quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock worth $215,000 after acquiring an additional 69 shares in the last quarter. Institutional investors own 93.81% of the company’s stock.
Shares of Mattel, Inc. (NASDAQ MAT) traded up 0.13% on Monday, hitting $15.57. 1,735,730 shares of the stock traded hands. The firm has a market cap of $5.34 billion, a P/E ratio of 22.34 and a beta of 0.86. The firm’s 50-day moving average is $15.69 and its 200 day moving average is $20.39. Mattel, Inc. has a 12-month low of $14.35 and a 12-month high of $33.23.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). Mattel had a return on equity of 11.62% and a net margin of 4.51%. The business had revenue of $974.50 million during the quarter, compared to analyst estimates of $972.36 million. During the same period in the prior year, the firm earned ($0.02) EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts forecast that Mattel, Inc. will post $0.77 EPS for the current fiscal year.
In related news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired 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 SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.
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Several research analysts have commented on MAT shares. MKM Partners lowered their price target on shares of Mattel from $24.00 to $22.00 and set a “buy” rating for the company in a report on Monday, July 3rd. UBS AG set a $26.00 price target on shares of Mattel and gave the stock a “buy” rating in a report on Friday, July 28th. DA Davidson reiterated a “buy” rating and set a $30.00 price target on shares of Mattel in a report on Monday, June 12th. Monness Crespi & Hardt lowered their price target on shares of Mattel from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, June 15th. Finally, Barclays PLC lowered their price target on shares of Mattel from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, June 16th. Two research 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 company has a consensus rating of “Hold” and an average price target of $24.12.
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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