53,258 Shares in Mattel, Inc. (NASDAQ:MAT) Acquired by Magnetar Financial LLC

Magnetar Financial LLC acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 53,258 shares of the company’s stock, valued at approximately $944,000.

Several other institutional investors have also recently modified their holdings of the stock. Franklin Resources Inc. raised its holdings in Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after acquiring an additional 4,270,162 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Mattel in the 4th quarter valued at $53,238,000. Point72 Asset Management L.P. raised its holdings in Mattel by 54.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company’s stock valued at $30,144,000 after acquiring an additional 558,213 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in Mattel in the 3rd quarter valued at $8,997,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Mattel during the 4th quarter valued at $7,431,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Down 1.1 %

Shares of Mattel stock opened at $19.80 on Friday. The business has a 50-day moving average of $20.06 and a 200-day moving average of $19.26. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The company has a market capitalization of $6.60 billion, a PE ratio of 12.38, a P/E/G ratio of 2.35 and a beta of 0.65. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT) last announced its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating 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 firm earned $0.29 earnings per share. As a group, equities analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Mattel

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.