Frontier Capital Management Co. LLC Lowers Holdings in Mattel, Inc. (NASDAQ:MAT)

Frontier Capital Management Co. LLC trimmed its holdings in shares of 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 & Exchange Commission. The institutional investor owned 7,570,359 shares of the company's stock after selling 331,156 shares during the period. Mattel comprises 1.3% of Frontier Capital Management Co. LLC's investment portfolio, making the stock its 7th largest position. Frontier Capital Management Co. LLC owned 2.25% of Mattel worth $134,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of Mattel by 150.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after purchasing an additional 926 shares in the last quarter. West Oak Capital LLC lifted its position in shares of Mattel by 9,775.0% during the fourth quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock worth $35,000 after purchasing an additional 1,955 shares in the last quarter. TD Private Client Wealth LLC acquired a new position in shares of Mattel during the fourth quarter worth $51,000. Quarry LP lifted its position 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 in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Mattel by 26.6% during the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock worth $63,000 after purchasing an additional 744 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

Mattel Stock Performance

NASDAQ MAT traded up $0.65 during midday trading on Tuesday, hitting $19.65. The company had a trading volume of 4,730,112 shares, compared to its average volume of 3,703,087. The firm has a fifty day simple moving average of $17.48 and a two-hundred day simple moving average of $18.65. Mattel, Inc. has a fifty-two week low of $13.95 and a fifty-two week high of $22.07. 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 market cap of $6.34 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 2.35 and a beta of 0.61.

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. StockNews.com upgraded shares of Mattel from a "hold" rating to a "buy" rating in a research note on Wednesday, March 12th. Citigroup increased their target price on shares of Mattel from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Jefferies Financial Group raised shares of Mattel from a "hold" rating to a "buy" rating and upped their price target for the company from $20.00 to $28.00 in a report on Wednesday, February 5th. The Goldman Sachs Group cut their price target on shares of Mattel from $24.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, DA Davidson raised shares of Mattel to a "strong-buy" rating in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.14.

Mattel 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.