Clear Harbor Asset Management LLC Has $229,000 Position in Mattel, Inc. (NASDAQ:MAT)

Clear Harbor Asset Management LLC boosted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,918 shares of the company’s stock after acquiring an additional 675 shares during the period. Clear Harbor Asset Management LLC’s holdings in Mattel were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAT. UMB Bank n.a. increased its position in Mattel by 584.3% during the third quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after acquiring an additional 1,268 shares during the period. V Square Quantitative Management LLC acquired a new stake in Mattel in the 3rd quarter worth $29,000. Prospera Private Wealth LLC bought a new position in shares of Mattel during the 3rd quarter worth about $34,000. West Oak Capital LLC raised its position in shares of Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after buying an additional 1,955 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Mattel by 38.3% in the third quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock valued at $53,000 after buying an additional 775 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MAT. Morgan Stanley raised their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. DA Davidson reissued a “buy” rating and issued a $27.00 price target on shares of Mattel in a report on Thursday, October 24th. Jefferies Financial Group increased their price objective on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Bank of America raised their price target on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.75.

Mattel Stock Performance

NASDAQ:MAT opened at $18.03 on Thursday. The stock has a market capitalization of $6.07 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 0.86 and a beta of 0.75. 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, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59. The firm has a 50 day moving average of $18.45 and a 200-day moving average of $18.67.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS. As a group, sell-side analysts anticipate that Mattel, Inc. will post 1.45 EPS for the current fiscal year.

Mattel Profile

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.