Mattel, Inc. (NASDAQ:MAT) Stake Reduced by Fox Run Management L.L.C.

Fox Run Management L.L.C. trimmed its holdings in Mattel, Inc. (NASDAQ:MAT) by 45.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,390 shares of the company’s stock after selling 25,395 shares during the quarter. Fox Run Management L.L.C.’s holdings in Mattel were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Magnetar Financial LLC acquired a new stake in Mattel during the fourth quarter valued at approximately $944,000. Citigroup Inc. boosted its stake in shares of Mattel by 449.9% during the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock worth $5,562,000 after acquiring an additional 238,884 shares in the last quarter. FORA Capital LLC acquired a new position in shares of Mattel in the 3rd quarter worth $1,003,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Mattel by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock worth $81,222,000 after acquiring an additional 114,305 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Mattel by 53.2% during the third quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock worth $3,283,000 after purchasing an additional 59,845 shares during the period. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

MAT has been the topic of a number of analyst reports. Jefferies Financial Group raised Mattel from a “hold” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Morgan Stanley raised their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Finally, DA Davidson boosted their target price on shares of Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.57.

Mattel Stock Down 2.4 %

MAT stock opened at $19.68 on Wednesday. The company has a 50 day moving average of $20.12 and a two-hundred day moving average of $19.29. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $22.07. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.35 and a beta of 0.65.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter in the previous year, the business earned $0.29 earnings per share. On average, equities analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal 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.