Elo Mutual Pension Insurance Co Buys New Shares in Mattel, Inc. (NASDAQ:MAT)

Elo Mutual Pension Insurance Co purchased a new position in Mattel, Inc. (NASDAQ:MAT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,626 shares of the company’s stock, valued at approximately $242,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAT. Franklin Resources Inc. grew its stake in shares of Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company’s stock valued at $176,757,000 after buying an additional 4,270,162 shares during the period. Hennessy Advisors Inc. bought a new position in Mattel in the fourth quarter worth approximately $53,238,000. Point72 Asset Management L.P. grew its stake in Mattel by 54.5% in the third quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company’s stock valued at $30,144,000 after acquiring an additional 558,213 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Mattel during the fourth quarter valued at approximately $7,431,000. Finally, Vanguard Group Inc. raised its position in shares of Mattel by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,134,174 shares of the company’s stock worth $587,469,000 after purchasing an additional 355,769 shares during the period. 97.15% of the stock is owned by institutional investors.

Mattel Price Performance

Mattel stock opened at $19.30 on Monday. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $22.07. The company’s 50 day moving average price is $20.22 and its two-hundred day moving average price is $19.31. The stock has a market cap of $6.23 billion, a P/E ratio of 12.06, a P/E/G ratio of 2.35 and a beta of 0.65. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period in the previous year, the company earned $0.29 EPS. On average, equities analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MAT. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $28.00 in a research report on Wednesday, February 5th. StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Morgan Stanley raised their price target on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Finally, DA Davidson boosted their price objective on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Mattel currently has an average rating of “Moderate Buy” and an average price target of $25.57.

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.