Seven Six Capital Management LLC Takes $2.11 Million Position in Mattel, Inc. $MAT

Seven Six Capital Management LLC bought a new position in shares of Mattel, Inc. (NASDAQ:MATFree Report) in the 1st quarter, Holdings Channel reports. The fund bought 145,200 shares of the company’s stock, valued at approximately $2,110,000. Mattel accounts for 2.2% of Seven Six Capital Management LLC’s portfolio, making the stock its 18th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SJS Investment Consulting Inc. grew its position in shares of Mattel by 2,959.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,744 shares of the company’s stock worth $25,000 after buying an additional 1,687 shares during the period. Quarry LP acquired a new stake in Mattel in the third quarter worth $28,000. Los Angeles Capital Management LLC bought a new stake in Mattel in the fourth quarter valued at $31,000. Atlas Capital Advisors Inc. bought a new stake in Mattel in the fourth quarter valued at $36,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Mattel by 107.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,023 shares of the company’s stock valued at $40,000 after purchasing an additional 1,048 shares during the period. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Performance

Shares of Mattel stock opened at $15.39 on Thursday. Mattel, Inc. has a 52 week low of $12.73 and a 52 week high of $22.48. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average price of $14.21 and a 200-day moving average price of $15.90. The company has a market cap of $4.47 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74.

Mattel (NASDAQ:MATGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.04. The business had revenue of $862.17 million during the quarter, compared to analyst estimates of $808.38 million. Mattel had a return on equity of 18.67% and a net margin of 9.27%.Mattel’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) EPS. Equities analysts anticipate that Mattel, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Mattel in a research report on Thursday, July 2nd. The Goldman Sachs Group downgraded Mattel from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $15.00 to $12.00 in a research note on Thursday, July 9th. Roth Capital reduced their price objective on Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Jefferies Financial Group restated a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Finally, Odeon Capital Group started coverage on Mattel in a research report on Thursday, July 16th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Mattel currently has an average rating of “Hold” and an average price target of $17.33.

Read Our Latest Report on MAT

Mattel Company Profile

(Free Report)

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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