Balyasny Asset Management LLC Boosts Position in Mattel, Inc. (MAT)

Balyasny Asset Management LLC lifted its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 519.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 339,766 shares of the company’s stock after purchasing an additional 284,916 shares during the quarter. Balyasny Asset Management LLC owned about 0.10% of Mattel worth $7,315,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Penserra Capital Management LLC grew its stake in shares of Mattel by 26.6% during the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after purchasing an additional 1,287 shares during the period. Delta Asset Management LLC TN grew its stake in Mattel by 54.7% in the 2nd quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock valued at $133,000 after acquiring an additional 2,175 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Mattel by 11.4% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 9,764 shares of the company’s stock valued at $210,000 after acquiring an additional 1,003 shares during the last quarter. Cleararc Capital Inc. grew its stake in Mattel by 0.8% in the 1st quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock valued at $215,000 after acquiring an additional 69 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC acquired a new stake in Mattel in the 2nd quarter valued at about $215,000. 93.61% of the stock is currently owned by institutional investors and hedge funds.

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MAT has been the topic of several analyst reports. BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 price target on shares of Mattel in a research note on Thursday, September 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $25.00 price target (down from $30.00) on shares of Mattel in a research note on Friday, July 28th. UBS AG set a $26.00 price objective on shares of Mattel and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $19.00 price objective on shares of Mattel in a report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.42.

In other Mattel news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were bought at an average price of $19.61 per share, for a total transaction of $248,262.60. Following the purchase, the chief executive officer now owns 116,788 shares in the company, valued at approximately $2,290,212.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.

Mattel, Inc. (MAT) opened at 15.75 on Tuesday. The firm has a market cap of $5.40 billion, a P/E ratio of 22.60 and a beta of 0.86. The firm has a 50-day moving average of $15.56 and a 200-day moving average of $19.98. Mattel, Inc. has a 12-month low of $14.35 and a 12-month high of $33.23.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.05). Mattel had a net margin of 4.51% and a return on equity of 11.62%. The business had revenue of $974.50 million during the quarter, compared to the consensus estimate of $972.36 million. During the same quarter in the previous year, the business posted ($0.02) EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts expect that Mattel, Inc. will post $0.76 EPS for the current year.

Mattel Profile

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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