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Manufacturers’ Life Insurance Company cut its stock position in Mattel (NASDAQ:MAT – Get Rating) by 2.9% in the third quarter, according to its latest SEC filing. The fund owned 285,622 shares of the company after selling 8,443 of his shares during the quarter. Manufacturers Life Insurance Company owned approximately 0.08% of Mattel worth $5,410,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently changed their holdings in the company. Empirical Financial Services LLC dba Empirical Wealth Management boosted his Mattel stock position by 47.1% in the third quarter. Empirical Financial Services LLC dba Empirical Wealth Management now owns 26,956 shares worth $511,000 after acquiring an additional 8,633 shares during the previous quarter. LA Financiere DE L Echiquier bought new shares in his Mattel stock worth about $7,008,000 in the third quarter. Victory Capital Management Inc. boosted his position in Mattel by 3.7% in the third quarter. Victory Capital Management Inc. now owns 6,261,582 shares worth $118,594,000 after he purchased an additional 221,983 shares during the previous quarter. The Oregon Public Employees Retirement Fund increased its position in Mattel by 2.2% in the third quarter. The Oregon Public Employees Retirement Fund now owns 102,748 shares of the company stock worth $1,946,000 after purchasing an additional 2,231 shares during the previous quarter. Finally, Crossmark Global Holdings Inc. increased its position in Mattel by 119.7% in the third quarter. Crossmark Global Holdings Inc. now owns 68,800 shares worth $1,303,000 after purchasing an additional 37,480 shares during the previous quarter. Currently 96.93% of the shares are owned by institutional investors.
Analyst Rating Change
A number of analysts have recently published reports on the MAT stock. Jefferies Financial Group lowered Mattel’s target price to $22.00 and placed the company’s rating on hold in a research report on Thursday, October 13th. Goldman Sachs Group lowered Mattel’s price target from $32.00 to $28.00 in a research report on Wednesday, October 26, setting the company’s ‘Buy’ rating. StockNews.com began covering Mattel in an investigative report on Wednesday, Oct. 12. They issued a “pending” rating to the company. Stifel Nicolaus lowered Mattel’s target price from $29.00 to $26.00, setting the company’s Buy rating in a research report on Tuesday, January 3rd. Finally, Truist Financial lowered Mattel’s target price from $26.00 to $24.00 and placed the company’s rating on hold in its research report on Wednesday, October 5th. Three equity research analysts rated the stock as a hold and six rated the company’s stock as a buy. Based on MarketBeat data, the current consensus rating for the stock is “moderate buy” with an average price target of $28.25.
Mattel stock up 0.9%
NASDAQ:MAT opened at $20.34 on Tuesday. Mattel, Inc. has a 12-month low of $16.21 and a 12-month high of $26.99. The company has a market cap of $7.21 billion, a P/E ratio of 12.18, a P/E ratio of 1.18, and a beta of 1.13. The stock has a 50-day simple moving average of $18.39 and a 200-day simple moving average of $20.02. The company has a current ratio of 1.96, a quick ratio of 1.27 and a debt to equity ratio of 1.18.
Mattel profile
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Mattel, Inc is a global children’s entertainment company that specializes in the design and manufacture of toys and consumer goods. The company engages consumers through a portfolio of iconic franchises such as Barbie, Hot Wheels, American Girl, Fisher-Price, Thomas & Friends, UNO and MEGA. It operates in North America, International, and American Girl segments.
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Want to know which other hedge funds hold MAT? Visit HoldingsChannel.com to get the latest Mattel, Inc. (NASDAQ:MAT – Get Rating) 13F filings and insider trading.
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