419,147 Shares in Mattel, Inc. (NASDAQ:MAT) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 419,147 shares of the company’s stock, valued at approximately $7,431,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAT. Franklin Resources Inc. lifted its holdings in shares of Mattel by 84.0% during the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after purchasing an additional 4,270,162 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Mattel by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after purchasing an additional 1,479,227 shares in the last quarter. Millennium Management LLC grew its position in Mattel by 92.5% during the 2nd quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock worth $39,947,000 after purchasing an additional 1,180,301 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Mattel by 54.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company’s stock valued at $30,144,000 after purchasing an additional 558,213 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of Mattel in the third quarter worth $8,997,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Stock Down 0.1 %

Shares of MAT opened at $17.93 on Monday. The firm has a market cap of $6.04 billion, a P/E ratio of 11.21, a PEG ratio of 0.88 and a beta of 0.75. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $20.59. The stock’s 50 day moving average is $18.51 and its two-hundred day moving average is $18.65. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MAT. StockNews.com lowered shares of Mattel from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Bank of America boosted their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group lifted their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. DA Davidson reiterated a “buy” rating and issued a $27.00 price target on shares of Mattel in a report on Thursday, October 24th. Finally, Morgan Stanley lifted their price objective on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Mattel currently has a consensus rating of “Hold” and a consensus target price of $23.75.

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.