Diametric Capital LP Acquires 28,014 Shares of Mattel, Inc. (NASDAQ:MAT)

Diametric Capital LP grew its stake in Mattel, Inc. (NASDAQ:MAT) by 122.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 50,914 shares of the company’s stock after buying an additional 28,014 shares during the period. Diametric Capital LP’s holdings in Mattel were worth $903,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MAT. Magnetar Financial LLC acquired a new position in Mattel in the fourth quarter valued at about $944,000. Citigroup Inc. raised its position in shares of Mattel by 449.9% in the 3rd quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock valued at $5,562,000 after acquiring an additional 238,884 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Mattel by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,390,675 shares of the company’s stock valued at $77,847,000 after acquiring an additional 127,064 shares during the period. Janney Montgomery Scott LLC bought a new position in Mattel during the 4th quarter worth approximately $538,000. Finally, DJE Kapital AG acquired a new position in Mattel during the fourth quarter valued at approximately $1,081,000. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Up 0.7 %

MAT stock opened at $19.43 on Tuesday. The business has a 50-day moving average of $20.25 and a 200-day moving average of $19.31. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $22.07. The stock has a market capitalization of $6.27 billion, a P/E ratio of 12.14, a P/E/G ratio of 2.35 and a beta of 0.65. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results 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 net margin of 10.07% and a return on equity of 25.94%. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, sell-side analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.