Hennessy Advisors Inc. Takes $53.24 Million Position in Mattel, Inc. (NASDAQ:MAT)

Hennessy Advisors Inc. bought a new position in shares of Mattel, Inc. (NASDAQ:MAT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,002,700 shares of the company’s stock, valued at approximately $53,238,000. Mattel makes up 1.6% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 17th biggest holding. Hennessy Advisors Inc. owned 0.89% of Mattel as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its position in Mattel by 2.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock worth $491,000 after acquiring an additional 693 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock worth $63,000 after purchasing an additional 744 shares during the last quarter. State of Alaska Department of Revenue grew its position in Mattel by 3.0% in the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after purchasing an additional 1,160 shares in the last quarter. KBC Group NV increased its stake in Mattel by 13.8% in the 3rd quarter. KBC Group NV now owns 10,166 shares of the company’s stock valued at $194,000 after buying an additional 1,229 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Performance

MAT opened at $17.94 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. The company has a market capitalization of $6.04 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.88 and a beta of 0.75. The business has a fifty day simple moving average of $18.54 and a 200 day simple moving average of $18.60. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $1.84 billion for 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 firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share. Research analysts expect that Mattel, Inc. will post 1.46 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com cut Mattel from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group upped 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. JPMorgan Chase & Co. raised their target price on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley upped their price target on shares of Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, DA Davidson reissued a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Mattel has a consensus rating of “Hold” and an average price target of $23.75.

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.