Mattel, Inc. (NASDAQ:MAT) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its stake in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 115.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 234,218 shares of the company's stock after buying an additional 125,675 shares during the quarter. Quantinno Capital Management LP owned 0.07% of Mattel worth $4,153,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MAT. EdgePoint Investment Group Inc. boosted its position in Mattel by 14.9% during the 4th quarter. EdgePoint Investment Group Inc. now owns 46,174,919 shares of the company's stock valued at $818,681,000 after buying an additional 5,984,400 shares during the period. Norges Bank bought a new position in shares of Mattel during the fourth quarter valued at about $54,929,000. Invesco Ltd. boosted its holdings in shares of Mattel by 468.3% during the fourth quarter. Invesco Ltd. now owns 3,394,958 shares of the company's stock worth $60,193,000 after purchasing an additional 2,797,559 shares during the period. Freestone Grove Partners LP purchased a new stake in shares of Mattel during the fourth quarter worth about $39,066,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Mattel in the fourth quarter worth about $33,942,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

Mattel Stock Down 1.8%

NASDAQ:MAT traded down $0.36 during mid-day trading on Friday, reaching $19.09. The company's stock had a trading volume of 1,335,081 shares, compared to its average volume of 3,741,156. The firm has a market capitalization of $6.16 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 2.35 and a beta of 0.61. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The stock has a fifty day moving average of $17.38 and a 200-day moving average of $18.66. Mattel, Inc. has a 1 year low of $13.95 and a 1 year high of $22.07.

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

Analysts Set New Price Targets

Several analysts have weighed in on MAT shares. The Goldman Sachs Group cut their price objective on Mattel from $24.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Morgan Stanley increased their target price on Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and increased their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. Citigroup lifted their price objective on Mattel from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, DA Davidson restated a "buy" rating and set a $30.00 price objective on shares of Mattel in a research report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Mattel has an average rating of "Moderate Buy" and a consensus target price 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.