SG Americas Securities LLC Acquires New Stake in Mattel, Inc. (NASDAQ:MAT)

SG Americas Securities LLC acquired a new stake in shares of Mattel, Inc. (NASDAQ:MAT) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 18,623 shares of the company’s stock, valued at approximately $362,000.

Several other large investors also recently added to or reduced their stakes in the business. Abacus FCF Advisors LLC lifted its stake in Mattel by 2.1% during the first quarter. Abacus FCF Advisors LLC now owns 76,116 shares of the company’s stock worth $1,479,000 after purchasing an additional 1,585 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Mattel during the first quarter worth about $806,000. GAMMA Investing LLC lifted its stake in Mattel by 42.8% during the first quarter. GAMMA Investing LLC now owns 5,058 shares of the company’s stock worth $98,000 after purchasing an additional 1,517 shares during the last quarter. Yousif Capital Management LLC lifted its stake in Mattel by 0.7% during the first quarter. Yousif Capital Management LLC now owns 119,902 shares of the company’s stock worth $2,330,000 after purchasing an additional 884 shares during the last quarter. Finally, Pallas Capital Advisors LLC bought a new stake in Mattel during the first quarter worth about $728,000. Institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MAT. The Goldman Sachs Group dropped their price target on Mattel from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Morgan Stanley raised their price target on Mattel from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Wall Street Zen raised Mattel from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Citigroup increased their price objective on Mattel from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, June 16th. Finally, DA Davidson restated a “buy” rating and issued a $30.00 target price on shares of Mattel in a report on Thursday, May 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Mattel has an average rating of “Moderate Buy” and a consensus price target of $24.43.

Mattel Stock Down 1.5%

MAT stock opened at $19.16 on Thursday. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. The business’s 50 day moving average price is $18.08 and its two-hundred day moving average price is $18.66. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.43. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 2.00 and a beta of 0.66.

Mattel (NASDAQ:MAT) last posted its earnings results on Monday, May 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. The firm had revenue of $826.60 million for the quarter, compared to the consensus estimate of $791.49 million. Mattel had a return on equity of 25.80% and a net margin of 9.82%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) EPS. As a group, analysts forecast that Mattel, Inc. will post 1.7 earnings per share 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.