GAMMA Investing LLC Purchases 94,736 Shares of Mattel, Inc. (NASDAQ:MAT)

GAMMA Investing LLC grew its position in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 2,675.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,277 shares of the company's stock after buying an additional 94,736 shares during the quarter. GAMMA Investing LLC's holdings in Mattel were worth $1,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc raised its holdings in Mattel by 350.1% in the 1st quarter. Versant Capital Management Inc now owns 9,452 shares of the company's stock worth $184,000 after purchasing an additional 7,352 shares during the period. Wellington Management Group LLP bought a new position in Mattel in the 4th quarter worth $5,622,000. Wealth Enhancement Advisory Services LLC bought a new position in Mattel in the 4th quarter worth $459,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Mattel in the 4th quarter worth $3,966,000. Finally, Mackenzie Financial Corp bought a new position in Mattel in the 4th quarter worth $313,000. 97.15% of the stock is owned by institutional investors.

Mattel Stock Down 2.6%

Shares of NASDAQ:MAT opened at $18.80 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. Mattel, Inc. has a 12 month low of $13.95 and a 12 month high of $22.07. The company has a 50-day moving average price of $17.44 and a 200 day moving average price of $18.66. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 2.35 and a beta of 0.66.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.08. Mattel had a net margin of 10.07% and a return on equity of 25.94%. The firm had revenue of $826.60 million during the quarter, compared to the consensus estimate of $791.49 million. During the same quarter last year, the firm earned ($0.05) EPS. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

MAT has been the subject of a number of analyst reports. Wall Street Zen upgraded Mattel from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. The Goldman Sachs Group cut their price target on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. DA Davidson reiterated a "buy" rating and issued a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th. Morgan Stanley increased their price target on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Citigroup increased their price target on Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.14.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.

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