Magnetar Financial LLC Invests $944,000 in Mattel, Inc. (NASDAQ:MAT)

Magnetar Financial LLC bought a new position in Mattel, Inc. (NASDAQ:MAT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 53,258 shares of the company’s stock, valued at approximately $944,000.

A number of other large investors have also recently bought and sold shares of the business. Vinva Investment Management Ltd lifted its holdings in Mattel by 75.6% in the fourth quarter. Vinva Investment Management Ltd now owns 17,274 shares of the company’s stock worth $306,000 after acquiring an additional 7,438 shares during the last quarter. Xponance Inc. raised its holdings in shares of Mattel by 1.6% during the fourth quarter. Xponance Inc. now owns 46,262 shares of the company’s stock valued at $820,000 after buying an additional 739 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Mattel by 13.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 537,687 shares of the company’s stock valued at $9,533,000 after buying an additional 65,379 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Mattel by 760.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 266,836 shares of the company’s stock valued at $4,731,000 after acquiring an additional 235,818 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after acquiring an additional 926 shares during the period. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Down 1.1 %

MAT stock opened at $19.80 on Friday. 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 1 year low of $15.87 and a 1 year high of $22.07. The company has a fifty day simple moving average of $20.06 and a 200 day simple moving average of $19.26. The firm has a market cap of $6.60 billion, a PE ratio of 12.38, a PEG ratio of 2.35 and a beta of 0.65.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a net margin of 10.07% and a return on equity of 25.94%. During the same period in the prior year, the firm posted $0.29 EPS. Sell-side analysts anticipate that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MAT has been the subject of a number of recent analyst reports. DA Davidson raised their price objective on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley lifted their target price on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and lifted their target price for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Finally, StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.57.

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.