Mattel, Inc. (NASDAQ:MAT) Stock Position Raised by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. lifted its position in Mattel, Inc. (NASDAQ:MAT) by 14.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,174,919 shares of the company’s stock after purchasing an additional 5,984,400 shares during the quarter. Mattel comprises approximately 6.5% of EdgePoint Investment Group Inc.’s portfolio, making the stock its 3rd largest holding. EdgePoint Investment Group Inc. owned approximately 13.71% of Mattel worth $818,681,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MAT. Norges Bank purchased a new position in shares of Mattel in the 4th quarter worth about $54,929,000. Hennessy Advisors Inc. bought a new position in Mattel during the fourth quarter valued at approximately $53,238,000. Invesco Ltd. raised its stake in shares of Mattel by 468.3% during the fourth quarter. Invesco Ltd. now owns 3,394,958 shares of the company’s stock worth $60,193,000 after acquiring an additional 2,797,559 shares in the last quarter. Freestone Grove Partners LP bought a new stake in shares of Mattel in the 4th quarter worth approximately $39,066,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Mattel during the 4th quarter valued at $33,942,000. Institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on MAT. DA Davidson upgraded shares of Mattel to a “strong-buy” rating in a research report on Monday, April 14th. Morgan Stanley boosted their price objective on Mattel from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday. Jefferies Financial Group upgraded shares of Mattel from a “hold” rating to a “buy” rating and raised their target price for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Citigroup raised their price target on shares of Mattel from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.14.

Mattel Trading Down 0.9 %

NASDAQ MAT opened at $17.27 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $5.58 billion, a PE ratio of 10.79, a P/E/G ratio of 2.35 and a beta of 0.61. The stock’s 50 day moving average is $17.57 and its 200 day moving average is $18.65. Mattel, Inc. has a twelve month low of $13.95 and a twelve month high of $22.07.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The business had revenue of $826.60 million for the quarter, compared to analyst estimates of $791.49 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. Mattel’s quarterly revenue was up 2.1% on a year-over-year basis. Research analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Mattel 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.