Engineers Gate Manager LP Has $2.33 Million Holdings in Mattel, Inc. $MAT

Key Points

• Engineers Gate Manager LP cut its Mattel stake by 43.2% in the second quarter, selling 127,967 shares and retaining 167,951 shares valued at approximately $2.33 million.
• Mattel’s institutional ownership remains high at 97.15%, while an executive separately sold 39,083 shares worth about $587,000.
• Analyst sentiment is mixed, with Mattel carrying an overall “Hold” rating and an average price target of $17.80. The company recently reported $1.13 billion in quarterly revenue—up 10.5% year over year—but missed EPS estimates, posting $0.01 versus expectations of $0.04.

Engineers Gate Manager LP decreased its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 43.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,951 shares of the company's stock after selling 127,967 shares during the period. Engineers Gate Manager LP owned about 0.06% of Mattel worth $2,331,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. EdgePoint Investment Group Inc. increased its holdings in shares of Mattel by 3.8% during the 1st quarter. EdgePoint Investment Group Inc. now owns 49,140,882 shares of the company's stock worth $714,017,000 after acquiring an additional 1,799,640 shares during the last quarter. Primecap Management Co. CA acquired a new stake in Mattel during the 2nd quarter valued at $409,540,000. BlackRock Inc. acquired a new stake in Mattel during the 2nd quarter valued at $363,273,000. Dimensional Fund Advisors LP boosted its position in Mattel by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,052,845 shares of the company's stock worth $160,591,000 after purchasing an additional 783,102 shares during the period. Finally, LSV Asset Management boosted its position in Mattel by 1.8% during the fourth quarter. LSV Asset Management now owns 6,126,432 shares of the company's stock worth $121,548,000 after purchasing an additional 108,622 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mattel

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of the business's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $15.02, for a total value of $587,026.66. Following the completion of the sale, the executive vice president owned 144,390 shares of the company's stock, valued at $2,168,737.80. The trade was a 21.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MAT shares. Weiss Ratings lowered shares of Mattel from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Citigroup cut their target price on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, July 10th. Roth Capital decreased their price target on shares of Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. The Goldman Sachs Group lowered shares of Mattel from a "neutral" rating to a "sell" rating and decreased their price target for the company from $15.00 to $12.00 in a research note on Thursday, July 9th. Finally, Argus reissued a "buy" rating and issued a $22.00 price target on shares of Mattel in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Mattel has an average rating of "Hold" and an average target price of $17.80.

Mattel Stock Up 0.1%

MAT stock opened at $14.03 on Tuesday. Mattel, Inc. has a fifty-two week low of $12.73 and a fifty-two week high of $22.48. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.54 and a beta of 0.72. The business's fifty day moving average price is $14.48 and its two-hundred day moving average price is $14.71.

Mattel (NASDAQ:MAT - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Mattel had a net margin of 7.79% and a return on equity of 16.20%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $0.19 EPS. The company's revenue was up 10.5% compared to the same quarter last year. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. On average, equities analysts anticipate that Mattel, Inc. will post 1.31 earnings per share for the current year.

Mattel Profile

Mattel, Inc is a global toy and entertainment company that designs, manufactures and markets toys, games and consumer products. Its portfolio includes well-known brands such as Barbie, Hot Wheels, Fisher-Price, Matchbox, American Girl, UNO, Thomas & Friends and Masters of the Universe.

The company also develops entertainment and experiences based on its intellectual property, including content, films, television projects, digital games, live events and location-based attractions. Mattel generates additional business through licensing its brands for products and services produced by other companies.

Founded in 1945 and headquartered in El Segundo, California, Mattel serves consumers in markets around the world through retail, e-commerce and other distribution channels.

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