Arrowstreet Capital Limited Partnership Purchases 545,300 Shares of Mattel, Inc. (NASDAQ:MAT)

Arrowstreet Capital Limited Partnership raised its position in shares of Mattel, Inc. (NASDAQ:MAT) by 34.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,129,699 shares of the company’s stock after purchasing an additional 545,300 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.63% of Mattel worth $37,760,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after purchasing an additional 926 shares in the last quarter. West Oak Capital LLC lifted its stake in Mattel by 9,775.0% during the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock valued at $35,000 after acquiring an additional 1,955 shares during the period. TD Private Client Wealth LLC bought a new position in Mattel during the 4th quarter valued at about $51,000. GAMMA Investing LLC boosted its holdings in shares of Mattel by 26.6% during the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after acquiring an additional 744 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Mattel by 175.1% in the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock worth $83,000 after acquiring an additional 2,972 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Stock Up 2.3 %

MAT stock opened at $19.87 on Thursday. The business’s 50-day moving average price is $20.32 and its 200-day moving average price is $19.32. The stock has a market cap of $6.42 billion, a P/E ratio of 12.42, a PEG ratio of 2.35 and a beta of 0.51. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $22.07.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same quarter in the prior year, the company earned $0.29 EPS. On average, equities research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. DA Davidson raised their price target on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, Morgan Stanley raised their target price on Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Company 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.