Dynamic Capital Management Ltd decreased its position in Mattel Inc (NASDAQ:MAT) by 34.4% during the 1st quarter, Holdings Channel reports. The firm owned 14,684 shares of the company’s stock after selling 7,685 shares during the quarter. Dynamic Capital Management Ltd’s holdings in Mattel were worth $191,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Mattel by 906.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 373,676 shares of the company’s stock valued at $37,000 after purchasing an additional 336,550 shares in the last quarter. Legacy Advisors LLC purchased a new position in shares of Mattel during the first quarter valued at approximately $39,000. CSat Investment Advisory L.P. raised its holdings in shares of Mattel by 112.4% during the fourth quarter. CSat Investment Advisory L.P. now owns 5,198 shares of the company’s stock valued at $52,000 after purchasing an additional 2,751 shares during the last quarter. Delta Asset Management LLC TN raised its holdings in shares of Mattel by 19.2% during the fourth quarter. Delta Asset Management LLC TN now owns 7,100 shares of the company’s stock valued at $71,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Ffcm LLC raised its holdings in shares of Mattel by 149.7% during the fourth quarter. Ffcm LLC now owns 7,802 shares of the company’s stock valued at $78,000 after purchasing an additional 4,678 shares during the last quarter.
Mattel stock opened at $11.38 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.27 and a debt-to-equity ratio of 5.50. Mattel Inc has a 52 week low of $9.09 and a 52 week high of $17.98.
Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.12. Mattel had a negative return on equity of 42.68% and a negative net margin of 8.98%. The firm had revenue of $689.20 million during the quarter, compared to the consensus estimate of $652.36 million. During the same period in the prior year, the business earned ($0.60) EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, equities research analysts forecast that Mattel Inc will post -0.58 EPS for the current year.
A number of research firms have weighed in on MAT. JPMorgan Chase & Co. upgraded shares of Mattel from a “neutral” rating to an “overweight” rating in a research report on Tuesday, June 4th. UBS Group set a $14.00 price target on shares of Mattel and gave the company a “hold” rating in a research note on Wednesday, May 8th. MKM Partners upped their price target on shares of Mattel from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Zacks Investment Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, BidaskClub downgraded shares of Mattel from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $14.31.
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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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