36,536 Shares in Mattel, Inc. (NASDAQ:MAT) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in Mattel, Inc. (NASDAQ:MAT) in the second quarter, HoldingsChannel.com reports. The firm purchased 36,536 shares of the company’s stock, valued at approximately $594,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAT. GAMMA Investing LLC lifted its stake in shares of Mattel by 108.5% during the second quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after buying an additional 1,052 shares during the period. Blue Trust Inc. lifted its position in Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after acquiring an additional 1,220 shares during the period. CWM LLC grew its stake in Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,097 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Mattel by 14,185.0% in the second quarter. Versant Capital Management Inc now owns 2,857 shares of the company’s stock valued at $46,000 after purchasing an additional 2,837 shares during the period. Finally, Denver PWM LLC purchased a new position in shares of Mattel in the second quarter worth about $70,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $27.00 price target on shares of Mattel in a report on Monday, July 22nd. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.63.

Mattel Stock Down 1.6 %

MAT opened at $19.23 on Monday. The company has a fifty day moving average of $18.74 and a two-hundred day moving average of $18.39. The stock 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 fifty-two week low of $15.87 and a fifty-two week high of $22.30. 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 released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm posted $0.10 EPS. Mattel’s quarterly revenue was down .7% compared to the same quarter last year. On average, research analysts expect that Mattel, Inc. will post 1.43 earnings per share 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.