Pacer Advisors Inc. lifted its stake in Mattel Inc (NASDAQ:MAT) by 458.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,973 shares of the company’s stock after purchasing an additional 139,528 shares during the period. Pacer Advisors Inc.’s holdings in Mattel were worth $1,905,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MAT. Bessemer Group Inc. lifted its position in Mattel by 361.4% during the 2nd quarter. Bessemer Group Inc. now owns 2,353 shares of the company’s stock valued at $27,000 after purchasing an additional 1,843 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Mattel during the second quarter worth approximately $49,000. AdvisorNet Financial Inc bought a new stake in shares of Mattel during the second quarter worth approximately $50,000. Machina Capital S.A.S. acquired a new position in Mattel in the second quarter valued at approximately $68,000. Finally, Tech Square Trading LP acquired a new position in Mattel in the first quarter valued at approximately $139,000.

A number of equities research analysts recently commented on MAT shares. DA Davidson reissued a “neutral” rating on shares of Mattel in a research note on Tuesday, July 30th. UBS Group reduced their target price on Mattel from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. SunTrust Banks decreased their target price on Mattel to $12.00 and set a “hold” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. raised Mattel from a “neutral” rating to an “overweight” rating in a research note on Tuesday, June 4th. Finally, Cfra reaffirmed a “hold” rating on shares of Mattel in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Mattel has an average rating of “Hold” and a consensus target price of $13.92.

MAT stock traded up $0.04 during mid-day trading on Wednesday, reaching $10.72. The company had a trading volume of 1,959,837 shares, compared to its average volume of 5,001,777. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of -9.40 and a beta of 1.68. Mattel Inc has a 52 week low of $9.06 and a 52 week high of $17.26. The stock has a 50 day simple moving average of $11.31 and a two-hundred day simple moving average of $12.08. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.78 and a quick ratio of 1.11.

Mattel (NASDAQ:MAT) last issued its earnings results on Thursday, July 25th. The company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.10. The business had revenue of $860.10 million for the quarter, compared to the consensus estimate of $822.24 million. Mattel had a negative net margin of 6.00% and a negative return on equity of 28.70%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.56) earnings per share. On average, equities analysts predict that Mattel Inc will post -0.58 EPS for the current year.

Mattel Profile

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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