AlphaQuest LLC Buys 28,705 Shares of Mattel, Inc. $MAT

AlphaQuest LLC boosted its stake in Mattel, Inc. (NASDAQ:MAT) by 600.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,487 shares of the company’s stock after acquiring an additional 28,705 shares during the period. AlphaQuest LLC’s holdings in Mattel were worth $660,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont lifted its stake in Mattel by 995.8% in the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock valued at $26,000 after buying an additional 1,195 shares during the period. Parallel Advisors LLC raised its position in shares of Mattel by 189.9% during the second quarter. Parallel Advisors LLC now owns 1,609 shares of the company’s stock worth $32,000 after purchasing an additional 1,054 shares during the period. IFP Advisors Inc raised its position in shares of Mattel by 90.6% during the second quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock worth $44,000 after purchasing an additional 1,053 shares during the period. Atlas Capital Advisors Inc. acquired a new position in shares of Mattel during the first quarter worth approximately $59,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Mattel by 74.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock worth $67,000 after purchasing an additional 1,468 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MAT. Cfra Research lowered Mattel from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Roth Capital set a $20.00 price target on Mattel and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. reduced their price objective on Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday. DA Davidson reduced their price objective on Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mattel in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Mattel currently has an average rating of “Hold” and a consensus target price of $22.57.

Mattel Stock Performance

Shares of MAT opened at $19.04 on Tuesday. The stock’s 50-day simple moving average is $17.90 and its 200 day simple moving average is $18.09. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.07. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 2.36 and a beta of 0.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.18 and a current ratio of 1.60.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). Mattel had a net margin of 8.27% and a return on equity of 20.60%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the business earned $1.14 EPS. The business’s revenue was down 5.9% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Mattel Company 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.