Texas Permanent School Fund Corp Sells 10,888 Shares of Mattel, Inc. (NASDAQ:MAT)

Texas Permanent School Fund Corp trimmed its holdings in shares of Mattel, Inc. (NASDAQ:MATFree Report) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 300,633 shares of the company’s stock after selling 10,888 shares during the period. Texas Permanent School Fund Corp’s holdings in Mattel were worth $6,623,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Money Concepts Capital Corp purchased a new stake in shares of Mattel during the fourth quarter worth about $29,000. Belpointe Asset Management LLC boosted its holdings in shares of Mattel by 193.5% during the first quarter. Belpointe Asset Management LLC now owns 1,805 shares of the company’s stock worth $33,000 after purchasing an additional 1,190 shares during the period. Pinebridge Investments L.P. boosted its holdings in shares of Mattel by 30.0% during the second quarter. Pinebridge Investments L.P. now owns 2,425 shares of the company’s stock worth $47,000 after purchasing an additional 559 shares during the period. Clearstead Advisors LLC purchased a new stake in shares of Mattel during the third quarter worth about $52,000. Finally, Delta Asset Management LLC TN boosted its holdings in shares of Mattel by 136,250.0% during the second quarter. Delta Asset Management LLC TN now owns 2,727 shares of the company’s stock worth $53,000 after purchasing an additional 2,725 shares during the period. 93.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MAT shares. StockNews.com downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Roth Mkm reissued a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of Mattel in a research note on Thursday, January 4th. Citigroup started coverage on shares of Mattel in a research note on Friday, October 20th. They issued a “buy” rating and a $26.00 price target for the company. TheStreet downgraded shares of Mattel from a “b-” rating to a “c+” rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus decreased their price target on shares of Mattel from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mattel currently has an average rating of “Moderate Buy” and an average target price of $22.75.

Check Out Our Latest Report on MAT

Mattel Price Performance

Shares of NASDAQ MAT opened at $18.89 on Monday. Mattel, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $22.64. The company has a 50 day simple moving average of $18.58 and a two-hundred day simple moving average of $19.87. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 1.26 and a beta of 0.96. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.90 and a current ratio of 2.33.

Mattel (NASDAQ:MATGet Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Mattel had a net margin of 3.94% and a return on equity of 21.25%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $0.18 EPS. Mattel’s revenue for the quarter was up 15.6% on a year-over-year basis. Analysts expect that Mattel, Inc. will post 1.37 EPS for the current fiscal year.

Mattel Company Profile

(Free Report)

Mattel, Inc, a children's and family 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, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Disney Princess and Frozen, and Polly Pocket brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, and Power wheels brands.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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