Pinebridge Investments L.P. Purchases 31,611 Shares of Mattel, Inc. (NASDAQ:MAT)

Pinebridge Investments L.P. grew its position in Mattel, Inc. (NASDAQ:MAT - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,905 shares of the company's stock after purchasing an additional 31,611 shares during the quarter. Pinebridge Investments L.P.'s holdings in Mattel were worth $2,835,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MAT. EverSource Wealth Advisors LLC increased its stake in shares of Mattel by 150.1% in 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 during the period. West Oak Capital LLC grew its stake 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 acquiring an additional 1,955 shares during the last quarter. TD Private Client Wealth LLC bought a new position in Mattel during the fourth quarter worth $51,000. 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 last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock valued at $83,000 after purchasing an additional 2,972 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Mattel Price Performance

Shares of NASDAQ MAT traded up $0.14 during midday trading on Wednesday, reaching $15.89. 3,940,651 shares of the company traded hands, compared to its average volume of 3,584,810. The firm has a market cap of $5.13 billion, a PE ratio of 9.93, a PEG ratio of 2.35 and a beta of 0.51. Mattel, Inc. has a 12 month low of $13.95 and a 12 month high of $22.07. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. The stock's 50-day simple moving average is $18.23 and its 200-day simple moving average is $18.76.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) 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 prior year, the business posted $0.29 earnings per share. As a group, equities analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

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.