Renaissance Technologies LLC Buys New Holdings in Mattel, Inc. (NASDAQ:MAT)

Renaissance Technologies LLC purchased a new position in Mattel, Inc. (NASDAQ:MAT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 140,373 shares of the company's stock, valued at approximately $2,489,000.

Several other hedge funds have also recently made changes to their positions in MAT. Franklin Resources Inc. grew its stake in shares of Mattel by 84.0% in the third quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock worth $176,757,000 after acquiring an additional 4,270,162 shares during the period. GAMMA Investing LLC increased its position in shares of Mattel by 26.6% during the fourth 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 period. Everence Capital Management Inc. bought a new stake in shares of Mattel during the fourth quarter valued at approximately $227,000. West Oak Capital LLC raised its stake in 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 buying an additional 1,955 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its holdings in shares of Mattel by 99.7% during the fourth 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. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. DA Davidson raised Mattel to a "strong-buy" rating in a research report on Monday, April 14th. Jefferies Financial Group raised shares of 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 note 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $26.40.

Mattel Price Performance

Shares of NASDAQ MAT traded up $0.14 during midday trading on Thursday, reaching $16.03. 509,415 shares of the company traded hands, compared to its average volume of 3,573,321. The stock's 50-day simple moving average is $18.13 and its 200-day simple moving average is $18.74. The firm has a market cap of $5.18 billion, a PE ratio of 10.03, a PEG ratio of 2.35 and a beta of 0.51. 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, Inc. has a 12 month low of $13.95 and a 12 month high of $22.07.

Mattel (NASDAQ:MAT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (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 in the previous 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.

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.