GSA Capital Partners LLP Invests $1.53 Million in Mattel, Inc. (NASDAQ:MAT)

Key Points

• GSA Capital Partners LLP acquired 78,824 shares of Mattel, Inc. valued at approximately $1.532 million during the first quarter.
• The company reported $0.19 earnings per share for the latest quarter, surpassing estimates by $0.03, despite a 5.7% decline in revenue year-over-year.
• Institutional investors hold approximately 97.15% of Mattel's stock, indicating significant investment interest from larger funds.

GSA Capital Partners LLP purchased a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 78,824 shares of the company's stock, valued at approximately $1,532,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont grew its holdings in shares of Mattel by 995.8% during the first quarter. Trust Co. of Vermont now owns 1,315 shares of the company's stock worth $26,000 after buying an additional 1,195 shares during the last quarter. Fifth Third Bancorp lifted its stake in Mattel by 52.9% in the 1st quarter. Fifth Third Bancorp now owns 2,780 shares of the company's stock valued at $54,000 after buying an additional 962 shares in the last quarter. Quarry LP boosted its holdings in shares of Mattel by 130.3% during the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock worth $56,000 after purchasing an additional 1,781 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Mattel by 93.5% during the first quarter. UMB Bank n.a. now owns 2,995 shares of the company's stock worth $58,000 after purchasing an additional 1,447 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in shares of Mattel by 10,226.7% during the 1st quarter. Sound Income Strategies LLC now owns 3,098 shares of the company's stock worth $60,000 after buying an additional 3,068 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MAT has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Mattel from $23.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. DA Davidson reaffirmed a "buy" rating and set a $30.00 price target on shares of Mattel in a research report on Thursday, May 15th. Citigroup raised their target price on shares of Mattel from $22.00 to $24.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Roth Capital set a $22.00 price target on shares of Mattel and gave the company a "neutral" rating in a research note on Friday, July 11th. Finally, Wall Street Zen lowered shares of Mattel from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.38.

Mattel Stock Down 0.9%

Shares of NASDAQ:MAT traded down $0.15 during trading on Friday, reaching $16.86. 5,349,731 shares of the company traded hands, compared to its average volume of 4,183,346. The firm has a fifty day simple moving average of $19.18 and a 200 day simple moving average of $18.85. The firm has a market cap of $5.44 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 2.09 and a beta of 0.66. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.07. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.80.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.09 billion. Mattel had a net margin of 9.87% and a return on equity of 25.19%. The company's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. Analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

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.