CastleKnight Management LP Reduces Position in Mattel, Inc. $MAT

CastleKnight Management LP decreased its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 43.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 346,500 shares of the company’s stock after selling 266,100 shares during the quarter. CastleKnight Management LP’s holdings in Mattel were worth $6,875,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Public Employees Retirement System of Ohio grew its holdings in shares of Mattel by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 100,310 shares of the company’s stock worth $1,688,000 after buying an additional 623 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Mattel by 8.0% during the fourth quarter. GAMMA Investing LLC now owns 9,344 shares of the company’s stock worth $185,000 after buying an additional 693 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Mattel by 12.6% during the third quarter. Jones Financial Companies Lllp now owns 6,687 shares of the company’s stock worth $113,000 after buying an additional 747 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Mattel by 1.7% during the second quarter. Sei Investments Co. now owns 45,736 shares of the company’s stock worth $902,000 after buying an additional 758 shares in the last quarter. Finally, Quinn Opportunity Partners LLC grew its holdings in shares of Mattel by 4.5% during the fourth quarter. Quinn Opportunity Partners LLC now owns 18,070 shares of the company’s stock worth $359,000 after buying an additional 774 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Trading Down 3.3%

Shares of MAT opened at $13.67 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. Mattel, Inc. has a 12-month low of $13.61 and a 12-month high of $22.48. The firm has a 50-day moving average price of $14.76 and a 200 day moving average price of $17.29. The firm has a market capitalization of $3.97 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.27 and a beta of 0.72.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The firm had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. Mattel’s quarterly revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts forecast that Mattel, Inc. will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Argus raised shares of Mattel to a “strong-buy” rating in a report on Friday, March 13th. UBS Group reissued a “buy” rating and issued a $28.00 price objective on shares of Mattel in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.22.

Mattel Profile

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.