Sargent Investment Group LLC Cuts Position in Mattel, Inc. (NASDAQ:MAT)

Sargent Investment Group LLC trimmed its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 22.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 117,255 shares of the company’s stock after selling 34,180 shares during the period. Sargent Investment Group LLC’s holdings in Mattel were worth $2,214,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MAT. Handelsbanken Fonder AB grew its position in Mattel by 17.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 64,100 shares of the company’s stock valued at $1,412,000 after purchasing an additional 9,400 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Mattel by 11.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 19,199 shares of the company’s stock worth $423,000 after buying an additional 1,988 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Mattel in the 3rd quarter worth about $286,000. Xponance Inc. lifted its stake in Mattel by 6.1% during the 3rd quarter. Xponance Inc. now owns 45,618 shares of the company’s stock valued at $1,005,000 after acquiring an additional 2,629 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Mattel during the 3rd quarter valued at about $468,000. 97.15% of the stock is owned by institutional investors.

Mattel Stock Down 0.6 %

Shares of MAT stock traded down $0.11 during mid-day trading on Friday, hitting $18.36. The stock had a trading volume of 3,032,244 shares, compared to its average volume of 2,781,903. The firm has a market capitalization of $6.32 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 1.17 and a beta of 0.95. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.49 and a quick ratio of 1.90. Mattel, Inc. has a 12-month low of $16.20 and a 12-month high of $22.64. The firm’s 50-day moving average is $19.27 and its two-hundred day moving average is $19.04.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The business had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. During the same quarter in the previous year, the business posted ($0.24) EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts predict that Mattel, Inc. will post 1.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MAT. Bank of America raised their price objective on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Roth Mkm reaffirmed a “neutral” rating and issued a $21.00 price objective on shares of Mattel in a research note on Wednesday. Citigroup increased their target price on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $19.00 price target (down from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.78.

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.