Schonfeld Strategic Advisors LLC Grows Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Schonfeld Strategic Advisors LLC grew its stake in Mattel, Inc. (NASDAQ:MAT - Free Report) by 59.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,646,146 shares of the company's stock after buying an additional 613,179 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.49% of Mattel worth $29,186,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MAT. EverSource Wealth Advisors LLC boosted its position in shares of Mattel by 150.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company's stock worth $27,000 after acquiring an additional 926 shares in the last quarter. West Oak Capital LLC grew its stake in Mattel by 9,775.0% during the 4th 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 during the last quarter. TD Private Client Wealth LLC acquired a new position in Mattel during the fourth quarter worth approximately $51,000. Quarry LP lifted its stake in Mattel by 130.3% in the fourth quarter. Quarry LP now owns 3,148 shares of the company's stock valued at $56,000 after buying an additional 1,781 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Mattel by 26.6% in the fourth quarter. GAMMA Investing LLC now owns 3,541 shares of the company's stock valued at $63,000 after acquiring an additional 744 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAT has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on shares of Mattel from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. DA Davidson upgraded shares of Mattel to a "strong-buy" rating in a research note on Monday, April 14th. Jefferies Financial Group upgraded shares of Mattel from a "hold" rating to a "buy" rating and increased their target price for the stock from $20.00 to $28.00 in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded Mattel from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th. Two 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $26.40.

Mattel Stock Performance

Shares of NASDAQ:MAT traded down $0.02 during midday trading on Thursday, hitting $15.87. The stock had a trading volume of 4,810,552 shares, compared to its average volume of 3,592,447. Mattel, Inc. has a 1 year low of $13.95 and a 1 year high of $22.07. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The stock has a 50 day moving average price of $18.02 and a two-hundred day moving average price of $18.72. The company has a market capitalization of $5.12 billion, a PE ratio of 9.92, a P/E/G ratio of 2.35 and a beta of 0.51.

Mattel (NASDAQ:MAT - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business posted $0.29 EPS. As a group, equities analysts predict 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.