Mattel, Inc. (NASDAQ:MAT) Shares Sold by Quest Partners LLC

Quest Partners LLC lessened its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 55.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,001 shares of the company’s stock after selling 26,369 shares during the period. Quest Partners LLC’s holdings in Mattel were worth $400,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Mattel by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock worth $231,487,000 after purchasing an additional 180,855 shares during the last quarter. Barington Capital Group L.P. increased its position in shares of Mattel by 25.3% in the 2nd quarter. Barington Capital Group L.P. now owns 595,000 shares of the company’s stock valued at $9,675,000 after acquiring an additional 120,000 shares during the period. SG Americas Securities LLC purchased a new position in Mattel in the 2nd quarter worth $312,000. Tidal Investments LLC lifted its position in Mattel by 292.6% during the 1st quarter. Tidal Investments LLC now owns 83,462 shares of the company’s stock worth $1,653,000 after acquiring an additional 62,204 shares during the period. Finally, Millennium Management LLC grew its stake in Mattel by 92.5% during the 2nd quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock valued at $39,947,000 after purchasing an additional 1,180,301 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analysts Set New Price Targets

MAT has been the subject of several research analyst reports. Jefferies Financial Group raised their price objective on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. DA Davidson restated a “buy” rating and set a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Morgan Stanley increased their price objective on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Mattel presently has an average rating of “Hold” and an average price target of $23.75.

Mattel Price Performance

Shares of Mattel stock opened at $18.69 on Monday. The firm has a market cap of $6.30 billion, a PE ratio of 11.68, a P/E/G ratio of 0.95 and a beta of 0.78. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $20.59. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The business has a 50-day moving average price of $19.09 and a 200 day moving average price of $18.39.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The business’s revenue was down 3.9% compared to the same quarter last year. Sell-side analysts predict that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.