Penserra Capital Management LLC Invests $611,000 in Mattel, Inc. $MAT

Penserra Capital Management LLC purchased a new position in Mattel, Inc. (NASDAQ:MAT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 36,353 shares of the company’s stock, valued at approximately $611,000.

A number of other large investors have also added to or reduced their stakes in MAT. Norges Bank purchased a new stake in Mattel in the second quarter worth $55,651,000. CX Institutional purchased a new position in shares of Mattel during the 3rd quarter valued at $6,260,000. Orion Porfolio Solutions LLC grew its stake in shares of Mattel by 221.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 56,637 shares of the company’s stock worth $1,117,000 after acquiring an additional 38,993 shares during the period. Great Lakes Advisors LLC grew its stake in shares of Mattel by 37.1% during the 3rd quarter. Great Lakes Advisors LLC now owns 318,769 shares of the company’s stock worth $5,365,000 after acquiring an additional 86,207 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in Mattel in the 2nd quarter worth about $726,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

MAT has been the topic of several recent research reports. UBS Group upped their price objective on shares of Mattel from $29.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Cfra Research cut shares of Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Roth Mkm raised their price objective on shares of Mattel from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley reiterated a “positive” rating on shares of Mattel in a research note on Monday, February 2nd. Finally, Seaport Research Partners raised shares of Mattel to a “hold” rating in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.86.

Mattel Trading Up 1.8%

Shares of MAT stock opened at $21.49 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.18 and a current ratio of 1.60. Mattel, Inc. has a 52-week low of $13.94 and a 52-week high of $22.25. The company has a market capitalization of $6.68 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.28 and a beta of 0.70. The business’s fifty day moving average is $20.73 and its 200 day moving average is $19.10.

Mattel Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.