Mattel, Inc. (NASDAQ:MAT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of Mattel, Inc. (NASDAQ:MATGet Rating) by 80.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,318 shares of the company’s stock after selling 170,386 shares during the period. SG Americas Securities LLC’s holdings in Mattel were worth $895,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Southeastern Asset Management Inc. TN lifted its position in shares of Mattel by 10.2% in the 4th quarter. Southeastern Asset Management Inc. TN now owns 20,228,340 shares of the company’s stock valued at $436,123,000 after acquiring an additional 1,878,547 shares in the last quarter. Ariel Investments LLC lifted its position in shares of Mattel by 9.9% in the 4th quarter. Ariel Investments LLC now owns 18,276,684 shares of the company’s stock valued at $394,045,000 after acquiring an additional 1,643,083 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Mattel by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 4,551,004 shares of the company’s stock valued at $98,119,000 after acquiring an additional 32,197 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Mattel by 0.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,445,142 shares of the company’s stock valued at $95,838,000 after acquiring an additional 35,609 shares in the last quarter. Finally, Miller Value Partners LLC purchased a new stake in shares of Mattel in the 4th quarter valued at approximately $86,611,000. 97.94% of the stock is owned by institutional investors and hedge funds.

Mattel Price Performance

NASDAQ MAT opened at $23.20 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.03 and a debt-to-equity ratio of 1.34. The company has a fifty day simple moving average of $22.97 and a 200 day simple moving average of $23.20. The company has a market cap of $8.18 billion, a P/E ratio of 7.34 and a beta of 1.26. Mattel, Inc. has a 1 year low of $17.94 and a 1 year high of $26.99.

Mattel (NASDAQ:MATGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.12. Mattel had a net margin of 19.31% and a return on equity of 37.28%. During the same quarter in the prior year, the company posted $0.03 earnings per share. On average, sell-side analysts predict that Mattel, Inc. will post 1.47 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on MAT shares. The Goldman Sachs Group upgraded shares of Mattel from a “neutral” rating to a “buy” rating and upped their price target for the company from $30.00 to $31.00 in a research report on Sunday, July 10th. MKM Partners dropped their price objective on shares of Mattel from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Tuesday, July 12th. Finally, Jefferies Financial Group dropped their price target on shares of Mattel from $27.00 to $24.00 in a research note on Friday, July 15th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $32.57.

Mattel Profile

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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, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Polly Pocket, Spirit, and Enchantimals 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, Power wheels, and Fireman Sam brands.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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