Quantitative Systematic Strategies LLC Takes Position in Mattel, Inc. (NASDAQ:MAT)

Quantitative Systematic Strategies LLC acquired a new stake in Mattel, Inc. (NASDAQ:MAT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,474 shares of the company’s stock, valued at approximately $371,000.

Several other hedge funds have also recently bought and sold shares of MAT. BlackRock Inc. lifted its holdings in shares of Mattel by 1.6% during the first quarter. BlackRock Inc. now owns 30,157,341 shares of the company’s stock worth $600,735,000 after purchasing an additional 480,572 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in shares of Mattel by 6.4% during the second quarter. Frontier Capital Management Co. LLC now owns 17,731,950 shares of the company’s stock worth $356,412,000 after purchasing an additional 1,062,107 shares during the period. Capital International Investors raised its position in Mattel by 30.7% in the first quarter. Capital International Investors now owns 5,153,739 shares of the company’s stock worth $102,662,000 after acquiring an additional 1,211,014 shares in the last quarter. Victory Capital Management Inc. raised its position in Mattel by 10.3% in the second quarter. Victory Capital Management Inc. now owns 4,725,089 shares of the company’s stock worth $94,975,000 after acquiring an additional 439,345 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Mattel by 2.5% in the first quarter. Geode Capital Management LLC now owns 4,365,391 shares of the company’s stock worth $86,958,000 after acquiring an additional 108,340 shares in the last quarter. 97.80% of the stock is owned by institutional investors and hedge funds.

Mattel stock opened at $20.08 on Thursday. The stock has a market cap of $7.01 billion, a PE ratio of 21.59 and a beta of 1.51. The stock has a 50-day moving average price of $21.01 and a 200 day moving average price of $20.73. Mattel, Inc. has a 52 week low of $11.15 and a 52 week high of $23.31. The company has a current ratio of 1.94, a quick ratio of 1.21 and a debt-to-equity ratio of 5.38.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, July 27th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. Mattel had a return on equity of 89.86% and a net margin of 6.32%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $885.39 million. During the same period last year, the company earned ($0.26) EPS. The firm’s quarterly revenue was up 40.2% on a year-over-year basis. On average, equities analysts predict that Mattel, Inc. will post 1.05 EPS for the current year.

Several research analysts have issued reports on the company. Zacks Investment Research cut Mattel from a “buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a research report on Monday, June 28th. TheStreet cut Mattel from a “b-” rating to a “c+” rating in a research report on Friday, September 10th. DA Davidson increased their price objective on Mattel from $28.50 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. JPMorgan Chase & Co. raised their price target on Mattel from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 28th. Finally, KeyCorp raised their price target on Mattel from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, July 29th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Mattel has an average rating of “Buy” and an average target price of $23.10.

Mattel Profile

Mattel, Inc is a global children’s entertainment company that specializes in the design and production of toys and consumer products. The company engages consumers through its portfolio of iconic franchises, including Barbie, Hot Wheels, American Girl, Fisher-Price, Thomas & Friends, UNO and MEGA. It operates through the following segments: North America, International and American Girl.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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