SG Americas Securities LLC Sells 106,306 Shares of Mattel, Inc. $MAT

SG Americas Securities LLC trimmed its position in Mattel, Inc. (NASDAQ:MAT) by 70.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,527 shares of the company’s stock after selling 106,306 shares during the quarter. SG Americas Securities LLC’s holdings in Mattel were worth $632,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MAT. EdgePoint Investment Group Inc. increased its holdings in Mattel by 9.4% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 44,662,760 shares of the company’s stock valued at $751,674,000 after buying an additional 3,839,176 shares during the period. Alyeska Investment Group L.P. lifted its holdings in shares of Mattel by 274.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,445,360 shares of the company’s stock worth $68,356,000 after acquiring an additional 2,524,123 shares during the period. Norges Bank acquired a new stake in shares of Mattel during the 4th quarter valued at about $49,182,000. Serenity Capital Management PTE. LTD. acquired a new stake in shares of Mattel during the 4th quarter valued at about $47,331,000. Finally, Simcoe Capital Management LLC bought a new stake in Mattel in the third quarter valued at about $39,044,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Price Performance

MAT opened at $13.42 on Wednesday. Mattel, Inc. has a one year low of $12.91 and a one year high of $22.48. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.06 and a quick ratio of 1.50. The company’s 50 day simple moving average is $14.47 and its 200-day simple moving average is $16.60. The stock has a market capitalization of $3.90 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 1.15 and a beta of 0.74.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.04. Mattel had a net margin of 9.27% and a return on equity of 18.67%. The firm had revenue of $862.17 million during the quarter, compared to analysts’ expectations of $808.38 million. During the same quarter in the previous year, the company posted ($0.03) EPS. Mattel’s revenue was up 4.3% on a year-over-year basis. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. Sell-side analysts anticipate that Mattel, Inc. will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MAT. JPMorgan Chase & Co. cut their price target on shares of Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Wall Street Zen lowered Mattel from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Wells Fargo & Company cut their target price on Mattel from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mattel in a research note on Thursday, July 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Mattel in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.89.

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.