Quantitative Investment Management LLC cut its stake in Mattel, Inc. (NASDAQ:MAT) by 52.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 525,500 shares of the company’s stock after selling 584,200 shares during the quarter. Quantitative Investment Management LLC owned approximately 0.15% of Mattel worth $8,082,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. lifted its holdings in Mattel by 6.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 55,671 shares of the company’s stock valued at $856,000 after acquiring an additional 3,551 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in shares of Mattel by 1.3% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 298,913 shares of the company’s stock worth $4,627,000 after buying an additional 3,801 shares during the period. Amalgamated Bank raised its stake in shares of Mattel by 9.6% during the 4th quarter. Amalgamated Bank now owns 43,542 shares of the company’s stock worth $670,000 after buying an additional 3,804 shares during the period. Private Advisor Group LLC raised its stake in shares of Mattel by 24.0% during the 3rd quarter. Private Advisor Group LLC now owns 20,215 shares of the company’s stock worth $315,000 after buying an additional 3,909 shares during the period. Finally, MML Investors Services LLC raised its stake in shares of Mattel by 30.4% during the 4th quarter. MML Investors Services LLC now owns 19,241 shares of the company’s stock worth $296,000 after buying an additional 4,489 shares during the period. 93.86% of the stock is owned by institutional investors.
Mattel, Inc. (NASDAQ:MAT) opened at $14.84 on Monday. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.92 and a quick ratio of 1.55. Mattel, Inc. has a 52 week low of $12.71 and a 52 week high of $25.97.
Several brokerages have recently weighed in on MAT. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 15th. Jefferies Group set a $17.00 target price on Mattel and gave the stock a “hold” rating in a research note on Saturday, December 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $16.00 target price on shares of Mattel in a research note on Monday, January 29th. Barclays upped their target price on Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Monday, February 5th. Finally, UBS Group set a $18.00 target price on Mattel and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.33.
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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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