Holocene Advisors LP Trims Holdings in Mattel, Inc. (NASDAQ:MAT)

Holocene Advisors LP trimmed its holdings in Mattel, Inc. (NASDAQ:MAT) by 72.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,809 shares of the company’s stock after selling 230,990 shares during the quarter. Holocene Advisors LP’s holdings in Mattel were worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Centiva Capital LP raised its stake in Mattel by 29.8% during the third quarter. Centiva Capital LP now owns 57,167 shares of the company’s stock valued at $1,089,000 after buying an additional 13,130 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Mattel during the third quarter valued at $311,000. Kestra Investment Management LLC raised its position in shares of Mattel by 51.3% in the 3rd quarter. Kestra Investment Management LLC now owns 31,164 shares of the company’s stock worth $594,000 after purchasing an additional 10,572 shares during the last quarter. Edgestream Partners L.P. boosted its stake in Mattel by 39.7% in the 3rd quarter. Edgestream Partners L.P. now owns 51,037 shares of the company’s stock worth $972,000 after purchasing an additional 14,501 shares in the last quarter. Finally, Verition Fund Management LLC boosted its stake in Mattel by 461.3% in the 3rd quarter. Verition Fund Management LLC now owns 222,095 shares of the company’s stock worth $4,231,000 after purchasing an additional 182,526 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Mattel Trading Down 2.0 %

Mattel stock opened at $19.36 on Friday. Mattel, Inc. has a 52-week low of $15.87 and a 52-week high of $20.59. The company has a market cap of $6.52 billion, a P/E ratio of 12.10, a P/E/G ratio of 0.97 and a beta of 0.76. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The business has a 50-day simple moving average of $19.07 and a two-hundred day simple moving average of $18.42.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 earnings per share. Analysts predict that Mattel, Inc. will post 1.46 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on MAT. StockNews.com cut shares of Mattel from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Bank of America boosted their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley increased their target price on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, DA Davidson reaffirmed a “buy” rating and set a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $23.75.

About Mattel

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.