Mattel, Inc. (NASDAQ:MAT) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 60,488,844 shares, a growth of 9.7% from the January 12th total of 55,145,315 shares. Based on an average daily volume of 7,164,597 shares, the short-interest ratio is presently 8.4 days. Currently, 17.7% of the shares of the company are short sold.
Several research firms recently weighed in on MAT. ValuEngine downgraded Mattel from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. BidaskClub upgraded Mattel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 15th. Stifel Nicolaus reiterated a “hold” rating and set a $14.00 target price (down from $34.00) on shares of Mattel in a research report on Wednesday, December 13th. TheStreet cut Mattel from a “c” rating to a “d” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research raised Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Thirteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.00.
Mattel (NASDAQ:MAT) traded up $1.27 during trading hours on Friday, reaching $17.27. The company’s stock had a trading volume of 9,824,970 shares, compared to its average volume of 6,957,313. The company has a current ratio of 1.92, a quick ratio of 1.55 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $5,740.00, a PE ratio of -5.64, a PEG ratio of 14.19 and a beta of 1.00. Mattel has a twelve month low of $12.71 and a twelve month high of $26.30.
Several hedge funds have recently modified their holdings of the company. Wealthfront Inc. increased its holdings in shares of Mattel by 158.6% in the fourth quarter. Wealthfront Inc. now owns 49,612 shares of the company’s stock worth $763,000 after purchasing an additional 30,425 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Mattel in the fourth quarter worth about $187,000. UBS Asset Management Americas Inc. increased its holdings in shares of Mattel by 1.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,123,414 shares of the company’s stock worth $17,278,000 after purchasing an additional 19,134 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Mattel by 1.7% in the fourth quarter. Rhumbline Advisers now owns 640,847 shares of the company’s stock worth $9,856,000 after purchasing an additional 10,537 shares during the last quarter. Finally, Levin Capital Strategies L.P. increased its holdings in shares of Mattel by 78.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 17,803 shares of the company’s stock worth $274,000 after purchasing an additional 7,803 shares during the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.
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Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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