SG Americas Securities LLC Sells 106,306 Shares of Mattel, Inc. $MAT

SG Americas Securities LLC decreased its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 70.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,527 shares of the company’s stock after selling 106,306 shares during the quarter. SG Americas Securities LLC’s holdings in Mattel were worth $632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Uhlmann Price Securities LLC grew its holdings in Mattel by 11.4% during the 1st quarter. Uhlmann Price Securities LLC now owns 96,015 shares of the company’s stock worth $1,395,000 after acquiring an additional 9,825 shares during the period. Corient Private Wealth LLC bought a new stake in shares of Mattel during the 4th quarter valued at $1,196,000. Kera Capital Partners Inc. acquired a new position in shares of Mattel in the 4th quarter valued at $390,000. Mercer Global Advisors Inc. ADV boosted its position in shares of Mattel by 144.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 40,070 shares of the company’s stock worth $795,000 after purchasing an additional 23,673 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of Mattel in the 4th quarter worth $455,000. 97.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MAT has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Mattel from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Wells Fargo & Company reduced their target price on Mattel from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. JPMorgan Chase & Co. decreased their target price on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group reduced their price objective on shares of Mattel from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.89.

Mattel Trading Up 2.8%

Shares of NASDAQ:MAT opened at $13.42 on Wednesday. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.15 and a beta of 0.74. Mattel, Inc. has a 12 month low of $12.91 and a 12 month high of $22.48. The company’s fifty day simple moving average is $14.47 and its 200 day simple moving average is $16.60. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.11.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.04. Mattel had a return on equity of 18.67% and a net margin of 9.27%.The business had revenue of $862.17 million during the quarter, compared to the consensus estimate of $808.38 million. During the same period last year, the company earned ($0.03) earnings per share. Mattel’s quarterly revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, research analysts forecast that Mattel, Inc. will post 1.34 EPS for the current fiscal year.

Mattel Company Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.