Pacer Advisors Inc. Raises Stock Position in Mattel, Inc. (NASDAQ:MAT)

Pacer Advisors Inc. raised its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 20,152.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,995,234 shares of the company’s stock after purchasing an additional 10,940,943 shares during the period. Pacer Advisors Inc. owned 3.20% of Mattel worth $178,783,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Panagora Asset Management Inc. grew its holdings in shares of Mattel by 7.4% during the fourth quarter. Panagora Asset Management Inc. now owns 11,861 shares of the company’s stock worth $224,000 after buying an additional 816 shares in the last quarter. Private Advisor Group LLC boosted its position in Mattel by 4.6% during the first quarter. Private Advisor Group LLC now owns 19,526 shares of the company’s stock worth $387,000 after acquiring an additional 860 shares during the last quarter. GAMMA Investing LLC grew its stake in Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock valued at $33,000 after acquiring an additional 1,052 shares in the last quarter. CWM LLC raised its holdings in Mattel by 71.0% in the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after acquiring an additional 1,097 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in Mattel by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 443,570 shares of the company’s stock worth $8,787,000 after purchasing an additional 1,165 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MAT. DA Davidson restated a “buy” rating and issued a $27.00 price target on shares of Mattel in a research report 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.63.

Mattel Stock Down 1.6 %

Shares of NASDAQ:MAT opened at $19.23 on Friday. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 1.19 and a beta of 0.80. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $22.30. The business has a 50-day moving average price of $18.74 and a 200 day moving average price of $18.40. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Sell-side analysts expect that Mattel, Inc. will post 1.43 EPS for the current year.

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.