Mattel, Inc. (NASDAQ:MAT) Stake Reduced by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC cut its position in Mattel, Inc. (NASDAQ:MAT) by 4.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,570,359 shares of the company’s stock after selling 331,156 shares during the quarter. Mattel accounts for approximately 1.3% of Frontier Capital Management Co. LLC’s investment portfolio, making the stock its 7th biggest holding. Frontier Capital Management Co. LLC’s holdings in Mattel were worth $134,222,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock worth $27,000 after acquiring an additional 926 shares during the last quarter. West Oak Capital LLC raised its stake in shares of Mattel by 9,775.0% in the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after purchasing an additional 1,955 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in shares of Mattel in the fourth quarter worth $51,000. Quarry LP lifted its holdings in shares of Mattel by 130.3% during the fourth quarter. Quarry LP now owns 3,148 shares of the company’s stock valued at $56,000 after purchasing an additional 1,781 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after buying an additional 744 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Morgan Stanley boosted their target price on shares of Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday. The Goldman Sachs Group dropped their price target on Mattel from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a research report on Wednesday, February 5th. Finally, Citigroup upped their price target on shares of Mattel from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mattel has an average rating of “Moderate Buy” and an average target price of $24.14.

Mattel Price Performance

NASDAQ MAT opened at $17.43 on Thursday. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 12 month low of $13.95 and a 12 month high of $22.07. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 2.35 and a beta of 0.61. The company’s 50 day moving average is $17.65 and its two-hundred day moving average is $18.66.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. Mattel had a return on equity of 25.94% and a net margin of 10.07%. The firm had revenue of $826.60 million during the quarter, compared to analyst estimates of $791.49 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current 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.