Arrowstreet Capital Limited Partnership Acquires 545,300 Shares of Mattel, Inc. (NASDAQ:MAT)

Arrowstreet Capital Limited Partnership grew its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 34.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,129,699 shares of the company’s stock after purchasing an additional 545,300 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Mattel were worth $37,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Mattel by 7.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,572 shares of the company’s stock valued at $1,535,000 after buying an additional 5,382 shares during the last quarter. Verition Fund Management LLC raised its holdings in shares of Mattel by 461.3% during the 3rd quarter. Verition Fund Management LLC now owns 222,095 shares of the company’s stock worth $4,231,000 after acquiring an additional 182,526 shares in the last quarter. Edgestream Partners L.P. boosted its position in shares of Mattel by 39.7% during the 3rd quarter. Edgestream Partners L.P. now owns 51,037 shares of the company’s stock valued at $972,000 after acquiring an additional 14,501 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Mattel in the third quarter valued at $311,000. Finally, Centiva Capital LP increased its position in Mattel by 29.8% in the third quarter. Centiva Capital LP now owns 57,167 shares of the company’s stock worth $1,089,000 after purchasing an additional 13,130 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

Mattel Trading Up 2.3 %

Shares of NASDAQ MAT opened at $19.87 on Thursday. The business’s 50 day moving average price is $20.32 and its 200-day moving average price is $19.32. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $22.07. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same quarter in the prior year, the business earned $0.29 earnings per share. On average, sell-side analysts expect that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analysts Set New Price Targets

MAT has been the subject of several research reports. Morgan Stanley increased their price objective on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. DA Davidson boosted their price objective on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded Mattel from a “hold” rating to a “buy” rating and upped their price objective for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.57.

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.