Amalgamated Bank Raises Holdings in Mattel, Inc. (NASDAQ:MAT)

Amalgamated Bank increased its position in Mattel, Inc. (NASDAQ:MAT) by 9.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 245,327 shares of the company’s stock after purchasing an additional 20,364 shares during the period. Amalgamated Bank owned 0.07% of Mattel worth $4,632,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MAT. Trust Co. of Vermont boosted its stake in shares of Mattel by 833.3% during the third quarter. Trust Co. of Vermont now owns 1,120 shares of the company’s stock worth $25,000 after buying an additional 1,000 shares during the period. Clearstead Advisors LLC acquired a new position in shares of Mattel in the third quarter valued at approximately $52,000. Y.D. More Investments Ltd acquired a new stake in shares of Mattel during the third quarter worth $53,000. Fifth Third Bancorp grew its position in Mattel by 23.3% in the 3rd quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock valued at $64,000 after buying an additional 550 shares during the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA acquired a new position in Mattel in the 3rd quarter valued at $128,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on MAT. DA Davidson lifted their target price on shares of Mattel from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group boosted their target price on Mattel from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. StockNews.com raised Mattel from a “hold” rating to a “buy” rating in a report on Monday, February 26th. TheStreet cut Mattel from a “b-” rating to a “c+” rating in a research report on Wednesday, January 24th. Finally, Bank of America boosted their target price on shares of Mattel from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.78.

Mattel Trading Up 0.3 %

Shares of Mattel stock opened at $18.72 on Wednesday. The firm has a market cap of $6.44 billion, a PE ratio of 22.55, a P/E/G ratio of 1.18 and a beta of 0.98. The company has a quick ratio of 1.88, a current ratio of 2.49 and a debt-to-equity ratio of 1.15. Mattel, Inc. has a fifty-two week low of $16.20 and a fifty-two week high of $22.64. The business’s fifty day moving average is $19.12 and its two-hundred day moving average is $18.92.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.07. The company had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.32%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.24) earnings per share. Analysts anticipate that Mattel, Inc. will post 1.4 earnings per share for the current year.

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.