Mattel, Inc. (NASDAQ:MAT) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP increased its holdings in shares of Mattel, Inc. (NASDAQ:MAT - Free Report) by 168.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 770,765 shares of the company's stock after acquiring an additional 483,423 shares during the period. Trexquant Investment LP owned approximately 0.22% of Mattel worth $14,552,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in shares of Mattel by 11.6% in the third quarter. Commonwealth Equity Services LLC now owns 19,199 shares of the company's stock worth $423,000 after buying an additional 1,988 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Mattel during the third quarter valued at approximately $286,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Mattel during the third quarter valued at approximately $468,000. Fifth Third Bancorp raised its holdings in shares of Mattel by 23.3% during the third quarter. Fifth Third Bancorp now owns 2,908 shares of the company's stock valued at $64,000 after purchasing an additional 550 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Mattel by 9.5% during the third quarter. Panagora Asset Management Inc. now owns 11,045 shares of the company's stock valued at $243,000 after purchasing an additional 958 shares during the last quarter. Institutional investors own 97.15% of the company's stock.

Wall Street Analysts Forecast Growth

MAT has been the subject of a number of research reports. JPMorgan Chase & Co. cut shares of Mattel from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $24.00 to $19.00 in a report on Monday, February 5th. Jefferies Financial Group upped their target price on shares of Mattel from $19.00 to $20.00 and gave the company a "hold" rating in a report on Friday, March 15th. Roth Mkm reaffirmed a "neutral" rating and set a $21.00 target price on shares of Mattel in a report on Wednesday, April 24th. Citigroup upped their target price on shares of Mattel from $25.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, April 24th. Finally, Bank of America increased their price objective on shares of Mattel from $25.00 to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $22.78.

Mattel Price Performance

Shares of NASDAQ:MAT traded down $0.28 during midday trading on Monday, reaching $18.34. 2,715,231 shares of the company were exchanged, compared to its average volume of 2,971,129. The company has a current ratio of 2.49, a quick ratio of 1.88 and a debt-to-equity ratio of 1.15. The business's fifty day moving average is $18.96 and its two-hundred day moving average is $18.88. Mattel, Inc. has a one year low of $16.20 and a one year high of $22.64. The stock has a market cap of $6.31 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98.

Mattel (NASDAQ:MAT - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.07. The business had revenue of $809.50 million during the quarter, compared to analyst estimates of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.32%. Mattel's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.24) earnings per share. As a group, analysts predict that Mattel, Inc. will post 1.4 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Steve Totzke sold 45,216 shares of the firm's stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $18.90, for a total value of $854,582.40. Following the transaction, the insider now owns 101,902 shares of the company's stock, valued at approximately $1,925,947.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Mattel news, insider Steve Totzke sold 45,216 shares of the firm's stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $18.90, for a total transaction of $854,582.40. Following the transaction, the insider now owns 101,902 shares of the company's stock, valued at approximately $1,925,947.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Zanatta Roberto Jacobo Isaias sold 21,655 shares of the firm's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $18.83, for a total transaction of $407,763.65. Following the transaction, the executive vice president now directly owns 106,086 shares in the company, valued at approximately $1,997,599.38. The disclosure for this sale can be found here. Insiders have sold 90,533 shares of company stock valued at $1,709,321 in the last 90 days. Company insiders own 1.50% of the company's stock.

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.