First Trust Advisors LP Has $10.14 Million Stock Position in Mattel, Inc. (NASDAQ:MAT)

First Trust Advisors LP lessened its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 571,790 shares of the company's stock after selling 43,875 shares during the period. First Trust Advisors LP owned about 0.17% of Mattel worth $10,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Franklin Resources Inc. boosted its position in Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock valued at $176,757,000 after buying an additional 4,270,162 shares during the last quarter. GAMMA Investing LLC grew 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 in the last quarter. Everence Capital Management Inc. purchased a new stake in Mattel during the 4th quarter worth approximately $227,000. West Oak Capital LLC raised its position in shares of Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company's stock valued at $35,000 after purchasing an additional 1,955 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted 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 valued at $383,000 after buying an additional 10,783 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

Mattel Price Performance

Shares of Mattel stock traded up $0.51 on Friday, hitting $16.38. The company had a trading volume of 5,877,974 shares, compared to its average volume of 3,606,486. Mattel, Inc. has a 52 week low of $13.95 and a 52 week high of $22.07. The company has a market cap of $5.29 billion, a PE ratio of 10.24, a PEG ratio of 2.35 and a beta of 0.61. The business has a 50-day simple moving average of $17.92 and a 200-day simple moving average of $18.70. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00.

Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates 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 prior year, the firm posted $0.29 EPS. Research analysts expect that Mattel, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.