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

Pinebridge Investments L.P. boosted its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake 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 valued at $27,000 after acquiring an additional 926 shares during the period. West Oak Capital LLC increased its holdings 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 valued at $35,000 after buying an additional 1,955 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Mattel during the 4th quarter valued at $51,000. GAMMA Investing LLC grew its holdings in shares of Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock worth $63,000 after acquiring an additional 744 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Mattel by 175.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company's stock worth $83,000 after purchasing an additional 2,972 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Mattel Stock Up 1.9 %

Shares of MAT traded up $0.31 during trading hours on Friday, hitting $16.18. 1,467,952 shares of the company were exchanged, compared to its average volume of 3,584,880. The company has a market cap of $5.22 billion, a PE ratio of 10.13, a PEG ratio of 2.35 and a beta of 0.51. The firm's 50 day moving average is $18.02 and its 200-day moving average is $18.72. Mattel, Inc. has a 52 week low of $13.95 and a 52 week 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.

Mattel (NASDAQ:MAT - Get Free Report) last issued its quarterly earnings results 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 quarter last year, the firm earned $0.29 earnings per share. On average, equities research analysts forecast that Mattel, Inc. will post 1.7 EPS for the current fiscal 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.