Penserra Capital Management LLC Invests $611,000 in Mattel, Inc. $MAT

Penserra Capital Management LLC acquired a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 36,353 shares of the company’s stock, valued at approximately $611,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its position in Mattel by 537.7% during the third quarter. Cornerstone Planning Group LLC now owns 1,352 shares of the company’s stock valued at $25,000 after purchasing an additional 1,140 shares in the last quarter. Traub Capital Management LLC purchased a new position in shares of Mattel in the 2nd quarter worth about $40,000. IFP Advisors Inc increased its position in shares of Mattel by 90.6% during the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock valued at $44,000 after purchasing an additional 1,053 shares during the last quarter. Employees Retirement System of Texas bought a new position in shares of Mattel during the 2nd quarter valued at about $55,000. Finally, True Wealth Design LLC raised its holdings in shares of Mattel by 409.1% during the 2nd quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock valued at $56,000 after buying an additional 2,287 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Mattel Stock Up 1.8%

Shares of NASDAQ:MAT opened at $21.49 on Friday. Mattel, Inc. has a 1 year low of $13.94 and a 1 year high of $22.25. The company has a market cap of $6.68 billion, a PE ratio of 16.04, a P/E/G ratio of 2.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18. The stock’s 50-day moving average is $20.73 and its 200 day moving average is $19.10.

Wall Street Analyst Weigh In

Several analysts have issued reports on MAT shares. The Goldman Sachs Group lowered Mattel from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research note on Friday, January 9th. Roth Mkm upped their price objective on shares of Mattel from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday. UBS Group lifted their target price on shares of Mattel from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Morgan Stanley restated a “positive” rating on shares of Mattel in a research report on Monday, February 2nd. Finally, Cfra Research lowered Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Mattel presently has an average rating of “Hold” and a consensus target price of $23.86.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.