Clear Harbor Asset Management LLC Buys 675 Shares of Mattel, Inc. (NASDAQ:MAT)

Clear Harbor Asset Management LLC increased its stake in Mattel, Inc. (NASDAQ:MAT) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,918 shares of the company’s stock after purchasing an additional 675 shares during the period. Clear Harbor Asset Management LLC’s holdings in Mattel were worth $229,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Mattel by 34.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock valued at $94,215,000 after purchasing an additional 1,479,227 shares during the period. Hsbc Holdings PLC lifted its holdings in Mattel by 431.1% in the second quarter. Hsbc Holdings PLC now owns 170,185 shares of the company’s stock valued at $2,788,000 after buying an additional 138,140 shares during the period. Intech Investment Management LLC bought a new position in Mattel in the second quarter valued at approximately $915,000. Sei Investments Co. grew its holdings in Mattel by 1.0% during the 2nd quarter. Sei Investments Co. now owns 194,669 shares of the company’s stock worth $3,165,000 after acquiring an additional 1,878 shares during the period. Finally, Ensign Peak Advisors Inc raised its position in shares of Mattel by 39.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 170,871 shares of the company’s stock valued at $2,778,000 after acquiring an additional 48,675 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Up 0.2 %

Mattel stock opened at $18.03 on Thursday. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $20.59. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 1.01. The company has a 50 day moving average of $18.45 and a 200-day moving average of $18.67. The stock has a market capitalization of $6.07 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 0.86 and a beta of 0.75.

Mattel (NASDAQ:MAT) last released its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. Mattel had a return on equity of 25.39% and a net margin of 10.24%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.86 billion. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. On average, equities research analysts anticipate that Mattel, Inc. will post 1.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. DA Davidson restated a “buy” rating and issued a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their price target on Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Bank of America lifted their price objective on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their price target on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Mattel presently has a consensus rating of “Moderate Buy” and an average target price of $23.75.

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.