Fuller & Thaler Asset Management Inc. Invests $33.94 Million in Mattel, Inc. (NASDAQ:MAT)

Fuller & Thaler Asset Management Inc. acquired a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,914,369 shares of the company's stock, valued at approximately $33,942,000. Fuller & Thaler Asset Management Inc. owned 0.57% of Mattel as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MAT. Pinebridge Investments L.P. boosted its holdings in shares of Mattel by 24.6% in the 4th quarter. Pinebridge Investments L.P. now owns 159,905 shares of the company's stock valued at $2,835,000 after purchasing an additional 31,611 shares in the last quarter. Alpine Global Management LLC bought a new position in Mattel during the 4th quarter worth $215,000. Hsbc Holdings PLC lifted its stake in shares of Mattel by 15.7% in the fourth quarter. Hsbc Holdings PLC now owns 29,460 shares of the company's stock worth $521,000 after acquiring an additional 4,003 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Mattel by 26.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 25,439 shares of the company's stock valued at $451,000 after purchasing an additional 5,306 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in Mattel by 8.1% during the fourth quarter. MetLife Investment Management LLC now owns 189,940 shares of the company's stock valued at $3,368,000 after acquiring an additional 14,289 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MAT shares. Morgan Stanley raised their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Jefferies Financial Group upgraded Mattel from a "hold" rating to a "buy" rating and lifted their price target for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. StockNews.com raised Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, DA Davidson upgraded Mattel to a "strong-buy" rating in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.40.

Mattel Stock Performance

MAT stock traded up $0.01 during midday trading on Wednesday, hitting $15.76. The company's stock had a trading volume of 1,054,864 shares, compared to its average volume of 3,573,708. The stock's 50-day moving average price is $18.23 and its 200 day moving average price is $18.76. 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 $5.09 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 2.35 and a beta of 0.51. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period in the previous year, the firm earned $0.29 earnings per share. On average, equities analysts forecast that Mattel, Inc. will post 1.7 EPS for the current 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.