Livforsakringsbolaget Skandia Omsesidigt Buys New Holdings in Mattel, Inc. (NASDAQ:MAT)

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 41,500 shares of the company's stock, valued at approximately $806,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of Mattel by 5.3% during the fourth quarter. Empowered Funds LLC now owns 411,591 shares of the company's stock valued at $7,298,000 after buying an additional 20,599 shares during the last quarter. Empirical Finance LLC bought a new position in Mattel in the 4th quarter valued at $502,000. Burns Matteson Capital Management LLC bought a new stake in shares of Mattel during the fourth quarter worth $343,000. Rhumbline Advisers boosted its stake in shares of Mattel by 1.9% during the fourth quarter. Rhumbline Advisers now owns 928,192 shares of the company's stock valued at $16,457,000 after purchasing an additional 17,590 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Mattel in the fourth quarter worth about $1,025,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Stock Up 1.2%

Shares of MAT stock traded up $0.23 during mid-day trading on Tuesday, hitting $19.29. 1,921,074 shares of the stock traded hands, compared to its average volume of 3,742,771. The stock has a market cap of $6.23 billion, a P/E ratio of 12.06, a P/E/G ratio of 2.35 and a beta of 0.66. Mattel, Inc. has a 52-week low of $13.95 and a 52-week high of $22.07. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The stock's fifty day moving average is $17.18 and its two-hundred day moving average is $18.65.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on MAT. The Goldman Sachs Group lowered their price objective on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Morgan Stanley raised their price objective on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Citigroup increased their price target on Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. DA Davidson restated a "buy" rating and issued a $30.00 price objective on shares of Mattel in a report on Thursday, May 15th. Finally, Wall Street Zen upgraded shares of Mattel from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Mattel presently 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.