Frontier Capital Management Co. LLC Has $134.22 Million Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Frontier Capital Management Co. LLC reduced its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,570,359 shares of the company's stock after selling 331,156 shares during the period. Mattel makes up 1.3% of Frontier Capital Management Co. LLC's portfolio, making the stock its 7th biggest position. Frontier Capital Management Co. LLC owned approximately 2.25% of Mattel worth $134,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Mattel by 26.6% during the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock valued at $63,000 after purchasing an additional 744 shares during the period. Everence Capital Management Inc. bought a new position in shares of Mattel during the fourth quarter valued at approximately $227,000. West Oak Capital LLC raised its holdings in shares of Mattel by 9,775.0% in the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock worth $35,000 after buying an additional 1,955 shares during the period. Miracle Mile Advisors LLC lifted its stake in shares of Mattel by 99.7% during the 4th quarter. Miracle Mile Advisors LLC now owns 21,603 shares of the company's stock worth $383,000 after acquiring an additional 10,783 shares during the last quarter. Finally, Oak Thistle LLC boosted its holdings in Mattel by 122.7% during the 4th quarter. Oak Thistle LLC now owns 26,174 shares of the company's stock valued at $464,000 after acquiring an additional 14,421 shares during the period. Institutional investors own 97.15% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MAT shares. The Goldman Sachs Group decreased their target price on Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday. Citigroup boosted their price objective on Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Morgan Stanley increased their target price on shares of Mattel from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. DA Davidson raised shares of Mattel to a "strong-buy" rating in a research note on Monday, April 14th. Finally, StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $24.14.

Mattel Trading Down 0.2 %

Shares of NASDAQ MAT traded down $0.03 on Friday, reaching $17.24. 3,026,263 shares of the company traded hands, compared to its average volume of 3,685,865. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The company has a 50 day moving average of $17.51 and a 200 day moving average of $18.65. The stock has a market capitalization of $5.57 billion, a PE ratio of 10.78, a P/E/G ratio of 2.35 and a beta of 0.61.

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

About Mattel

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.