American Century Companies Inc. Has $29.67 Million Holdings in Mattel, Inc. (NASDAQ:MAT)

American Century Companies Inc. lifted its position in Mattel, Inc. (NASDAQ:MAT) by 75.2% in the 2nd quarter, Holdings Channel reports. The fund owned 1,824,979 shares of the company’s stock after buying an additional 783,264 shares during the period. American Century Companies Inc.’s holdings in Mattel were worth $29,674,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors increased its holdings in shares of Mattel by 4.6% in the 1st quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock valued at $380,974,000 after purchasing an additional 845,368 shares during the period. Ariel Investments LLC boosted its stake in shares of Mattel by 0.7% during the 1st quarter. Ariel Investments LLC now owns 15,583,293 shares of the company’s stock valued at $308,705,000 after buying an additional 112,786 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Mattel by 1.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after buying an additional 180,855 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Mattel by 21.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,039,571 shares of the company’s stock worth $76,272,000 after acquiring an additional 716,558 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Mattel during the fourth quarter worth $71,256,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

MAT has been the topic of a number of recent research reports. DA Davidson restated a “buy” rating and issued a $27.00 target price on shares of Mattel in a research note on Monday, July 22nd. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.63.

Mattel Stock Up 0.8 %

NASDAQ MAT opened at $19.42 on Thursday. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $22.30. The stock has a market cap of $6.68 billion, a PE ratio of 23.19, a PEG ratio of 1.19 and a beta of 0.80. The firm has a 50-day simple moving average of $18.57 and a 200 day simple moving average of $18.39. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.81 and a current ratio of 2.58.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. On average, research analysts forecast that Mattel, Inc. will post 1.43 EPS 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.