Pacer Advisors Inc. Has $182.92 Million Stake in Mattel, Inc. (NASDAQ:MAT)

Pacer Advisors Inc. trimmed its holdings in Mattel, Inc. (NASDAQ:MAT) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,602,114 shares of the company’s stock after selling 1,393,120 shares during the period. Pacer Advisors Inc. owned 2.85% of Mattel worth $182,920,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its holdings in Mattel by 43.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,458 shares of the company’s stock worth $286,000 after purchasing an additional 4,359 shares during the last quarter. Capital International Investors increased its stake in shares of Mattel by 4.6% in the 1st quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock valued at $380,974,000 after purchasing an additional 845,368 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Mattel in the 1st quarter valued at $76,000. Price T Rowe Associates Inc. MD increased its stake in shares of Mattel by 1.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after purchasing an additional 180,855 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Mattel by 8.5% during the 1st quarter. Janus Henderson Group PLC now owns 187,296 shares of the company’s stock worth $3,708,000 after acquiring an additional 14,632 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Up 0.2 %

NASDAQ MAT opened at $18.35 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88. The stock has a market capitalization of $6.18 billion, a PE ratio of 11.47, a PEG ratio of 0.94 and a beta of 0.78. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59. The business’s 50-day moving average is $19.09 and its 200 day moving average is $18.39.

Mattel (NASDAQ:MAT) last posted its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the firm earned $1.08 earnings per share. Mattel’s quarterly revenue was down 3.9% on a year-over-year basis. Sell-side analysts forecast that Mattel, Inc. will post 1.46 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAT. StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Bank of America upped their price target on Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley upped their price target on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, October 1st. Finally, DA Davidson reissued a “buy” rating and issued a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Mattel has an average rating of “Hold” and an average price target of $23.75.

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.