Capital Fund Management S.A. Sells 212,274 Shares of Mattel, Inc. (NASDAQ:MAT)

Capital Fund Management S.A. lessened its stake in Mattel, Inc. (NASDAQ:MAT) by 28.8% during the fourth quarter, HoldingsChannel reports. The firm owned 524,463 shares of the company’s stock after selling 212,274 shares during the period. Capital Fund Management S.A.’s holdings in Mattel were worth $9,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after buying an additional 926 shares in the last quarter. West Oak Capital LLC lifted its position in shares of Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after acquiring an additional 1,955 shares in the last quarter. TD Private Client Wealth LLC bought a new position in shares of Mattel in the fourth quarter worth $51,000. GAMMA Investing LLC grew its position in shares of Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after purchasing an additional 744 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Mattel by 175.1% during the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock valued at $83,000 after purchasing an additional 2,972 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MAT. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. 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. DA Davidson upped their target price on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Finally, Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and raised their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.57.

Mattel Price Performance

MAT stock opened at $15.04 on Friday. The firm has a 50 day simple moving average of $19.79 and a two-hundred day simple moving average of $19.09. The stock has a market cap of $4.86 billion, a PE ratio of 9.40, a P/E/G ratio of 2.35 and a beta of 0.51. Mattel, Inc. has a one year low of $13.95 and a one year high of $22.07. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00.

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