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

Pacer Advisors Inc. reduced its position in Mattel, Inc. (NASDAQ:MAT) by 12.7% in the third quarter, Holdings Channel.com reports. The fund owned 9,602,114 shares of the company’s stock after selling 1,393,120 shares during the period. Pacer Advisors Inc.’s holdings in Mattel were worth $182,920,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MAT. UMB Bank n.a. boosted its holdings in Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares during the period. V Square Quantitative Management LLC purchased a new stake in Mattel in the 3rd quarter worth $29,000. GAMMA Investing LLC lifted its stake in Mattel by 108.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after purchasing an additional 1,052 shares in the last quarter. Blue Trust Inc. lifted its stake in Mattel by 143.2% in the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock worth $34,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in Mattel in the 3rd quarter worth $34,000. Institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Morgan Stanley upped their target price on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. DA Davidson restated a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. Jefferies Financial Group upped their target price on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, October 1st. Finally, Bank of America upped their target price on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Mattel currently has an average rating of “Hold” and an average price target of $23.75.

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $18.35 on Thursday. The firm has a market cap of $6.18 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 0.94 and a beta of 0.78. The firm’s 50 day simple moving average is $19.09 and its 200-day simple moving average is $18.39. Mattel, Inc. has a one year low of $15.87 and a one year high of $20.59. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45.

Mattel (NASDAQ:MAT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.08 earnings per share. As a group, equities analysts predict that Mattel, Inc. will post 1.46 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.