International Assets Investment Management LLC Buys 7,152 Shares of Mattel, Inc. (NASDAQ:MAT)

International Assets Investment Management LLC increased its holdings in Mattel, Inc. (NASDAQ:MAT) by 1,788.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,552 shares of the company’s stock after purchasing an additional 7,152 shares during the period. International Assets Investment Management LLC’s holdings in Mattel were worth $143,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Trust Co. of Vermont boosted its stake in 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 purchased a new stake in shares of Mattel during the third quarter valued at $52,000. Y.D. More Investments Ltd purchased a new stake in shares of Mattel during the third quarter valued at $53,000. Fifth Third Bancorp lifted its stake in Mattel by 23.3% in the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company’s stock worth $64,000 after acquiring an additional 550 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new stake in Mattel in the third quarter worth about $128,000. Institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MAT shares. JPMorgan Chase & Co. lowered shares of Mattel from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $24.00 to $19.00 in a research note on Monday, February 5th. DA Davidson boosted their target price on shares of Mattel from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. 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 report on Wednesday, April 24th. Roth Capital downgraded shares of Mattel from a “buy” rating to a “neutral” rating in a report on Thursday, January 4th. Finally, TheStreet downgraded shares of Mattel from a “b-” rating to a “c+” rating in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.78.

Mattel Stock Performance

MAT opened at $18.49 on Tuesday. Mattel, Inc. has a 52-week low of $16.20 and a 52-week high of $22.64. The company has a quick ratio of 1.88, a current ratio of 2.49 and a debt-to-equity ratio of 1.15. The company has a market cap of $6.36 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.17 and a beta of 0.96. The firm’s 50-day moving average price is $19.25 and its 200-day moving average price is $19.02.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.07. The firm had revenue of $809.50 million for the quarter, compared to analyst estimates of $833.52 million. Mattel had a return on equity of 24.32% and a net margin of 5.38%. Mattel’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. As a group, equities analysts anticipate that Mattel, Inc. will post 1.4 EPS for the current fiscal year.

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.