National Asset Management Inc. Acquires Shares of 9,862 Mattel, Inc. (MAT)
National Asset Management Inc. acquired a new stake in Mattel, Inc. (NASDAQ:MAT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,862 shares of the company’s stock, valued at approximately $213,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Highlander Capital Management LLC purchased a new position in Mattel in the second quarter valued at $105,000. Penserra Capital Management LLC boosted its holdings in Mattel by 26.6% in the second quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after purchasing an additional 1,287 shares during the period. Delta Asset Management LLC TN boosted its holdings in Mattel by 54.7% in the second quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock valued at $133,000 after purchasing an additional 2,175 shares during the period. ETF Managers Group LLC purchased a new position in Mattel in the second quarter valued at $195,000. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in Mattel by 11.4% in the second quarter. Nations Financial Group Inc. IA ADV now owns 9,764 shares of the company’s stock valued at $210,000 after purchasing an additional 1,003 shares during the period. 93.61% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of Mattel stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average price of $19.61 per share, with a total value of $248,262.60. Following the completion of the transaction, the chief executive officer now owns 116,788 shares of the company’s stock, valued at approximately $2,290,212.68. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.40% of the company’s stock.
A number of research analysts recently issued reports on the company. UBS AG reiterated a “buy” rating and issued a $26.00 target price (down from $29.00) on shares of Mattel in a report on Wednesday, June 21st. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $17.00 target price (down from $22.00) on shares of Mattel in a report on Tuesday, October 10th. Stifel Nicolaus reiterated a “hold” rating on shares of Mattel in a report on Thursday, August 3rd. BidaskClub lowered Mattel from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, DA Davidson decreased their target price on Mattel from $14.00 to $13.00 and set an “underperform” rating for the company in a report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.42.
Mattel, Inc. (NASDAQ:MAT) traded up 0.13% during mid-day trading on Wednesday, hitting $15.61. The stock had a trading volume of 220,263 shares. The stock has a market cap of $5.35 billion, a P/E ratio of 22.40 and a beta of 0.86. The company has a 50 day moving average price of $15.56 and a 200 day moving average price of $19.98. Mattel, Inc. has a one year low of $14.35 and a one year high of $33.23.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Mattel had a return on equity of 11.62% and a net margin of 4.51%. The company had revenue of $974.50 million for the quarter, compared to the consensus estimate of $972.36 million. During the same period in the previous year, the business posted ($0.02) EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts anticipate that Mattel, Inc. will post $0.74 EPS for the current year.
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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