GAMMA Investing LLC Has $63,000 Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

GAMMA Investing LLC boosted its position in Mattel, Inc. (NASDAQ:MAT) by 26.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,541 shares of the company’s stock after buying an additional 744 shares during the quarter. GAMMA Investing LLC’s holdings in Mattel were worth $63,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in Mattel by 20,152.4% in the second quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock valued at $178,783,000 after buying an additional 10,940,943 shares during the period. Franklin Resources Inc. increased its stake in shares of Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after acquiring an additional 4,270,162 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Mattel by 34.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after purchasing an additional 1,479,227 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Mattel by 92.5% in the second quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock worth $39,947,000 after acquiring an additional 1,180,301 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Mattel by 75.2% in the second quarter. American Century Companies Inc. now owns 1,824,979 shares of the company’s stock worth $29,674,000 after acquiring an additional 783,264 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Performance

NASDAQ:MAT opened at $18.68 on Monday. The stock’s 50-day moving average is $18.66 and its 200-day moving average is $18.59. The stock has a market cap of $6.29 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 0.97 and a beta of 0.75. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $20.59. The company has a current ratio of 2.45, a quick ratio of 1.88 and a debt-to-equity ratio of 1.01.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Jefferies Financial Group raised their target price on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. DA Davidson reiterated a “buy” rating and set a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Morgan Stanley increased their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.75.

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.