Mason Street Advisors LLC Lowers Position in Mattel Inc (NASDAQ:MAT)

Mason Street Advisors LLC lessened its stake in Mattel Inc (NASDAQ:MAT) by 1.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,206 shares of the company’s stock after selling 2,912 shares during the quarter. Mason Street Advisors LLC owned approximately 0.05% of Mattel worth $2,064,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in Mattel by 361.4% during the second quarter. Bessemer Group Inc. now owns 2,353 shares of the company’s stock valued at $27,000 after acquiring an additional 1,843 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Mattel by 85.3% in the third quarter. Quadrant Capital Group LLC now owns 2,476 shares of the company’s stock worth $26,000 after purchasing an additional 1,140 shares during the last quarter. Parallax Volatility Advisers L.P. grew its holdings in shares of Mattel by 104.3% in the second quarter. Parallax Volatility Advisers L.P. now owns 2,644 shares of the company’s stock worth $30,000 after purchasing an additional 63,534 shares during the last quarter. Vista Private Wealth Partners. LLC bought a new position in shares of Mattel in the third quarter worth about $33,000. Finally, Huntington National Bank grew its holdings in shares of Mattel by 550.9% in the third quarter. Huntington National Bank now owns 2,929 shares of the company’s stock worth $33,000 after purchasing an additional 2,479 shares during the last quarter.

MAT stock opened at $11.76 on Friday. Mattel Inc has a one year low of $9.06 and a one year high of $17.26. The company has a debt-to-equity ratio of 6.30, a quick ratio of 1.14 and a current ratio of 1.60. The firm has a 50-day simple moving average of $11.34 and a two-hundred day simple moving average of $11.33. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of -10.32 and a beta of 1.68.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.08 by $0.18. Mattel had a negative return on equity of 26.03% and a negative net margin of 4.53%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm earned $0.18 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts predict that Mattel Inc will post -0.45 earnings per share for the current fiscal year.

A number of research analysts have recently commented on MAT shares. SunTrust Banks cut their price target on shares of Mattel to $12.00 and set a “hold” rating on the stock in a report on Wednesday, September 11th. DZ Bank cut shares of Mattel from a “hold” rating to a “sell” rating and set a $46.00 target price on the stock. in a report on Tuesday, October 29th. Stifel Nicolaus dropped their target price on shares of Mattel from $14.00 to $13.50 and set a “hold” rating on the stock in a report on Tuesday, October 1st. BidaskClub cut shares of Mattel from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Jefferies Financial Group set a $10.50 target price on shares of Mattel and gave the stock a “hold” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.42.

About Mattel

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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