Aigen Investment Management LP Invests $758,000 in Mattel, Inc. (NASDAQ:MAT)

Aigen Investment Management LP bought a new stake in shares of Mattel, Inc. (NASDAQ:MAT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 42,731 shares of the company’s stock, valued at approximately $758,000.

A number of other institutional investors have also recently added to or reduced their stakes in MAT. Creative Planning grew its stake in Mattel by 42.8% in the 3rd quarter. Creative Planning now owns 15,026 shares of the company’s stock valued at $286,000 after acquiring an additional 4,504 shares during the period. State of Alaska Department of Revenue grew its stake in Mattel by 3.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after acquiring an additional 1,160 shares during the period. US Bancorp DE grew its stake in Mattel by 7.1% in the 3rd quarter. US Bancorp DE now owns 21,096 shares of the company’s stock valued at $402,000 after acquiring an additional 1,400 shares during the period. Crossmark Global Holdings Inc. grew its stake in Mattel by 24.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 106,568 shares of the company’s stock valued at $2,030,000 after acquiring an additional 21,030 shares during the period. Finally, KBC Group NV grew its stake in Mattel by 13.8% in the 3rd quarter. KBC Group NV now owns 10,166 shares of the company’s stock valued at $194,000 after acquiring an additional 1,229 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Stock Up 0.5 %

NASDAQ MAT opened at $20.67 on Friday. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $22.07. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03. The business’s fifty day simple moving average is $19.53 and its 200-day simple moving average is $19.17. The firm has a market cap of $6.89 billion, a PE ratio of 12.92, a P/E/G ratio of 2.35 and a beta of 0.76.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 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 last year, the firm posted $0.29 EPS. As a group, equities analysts anticipate that Mattel, Inc. will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MAT. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $28.00 in a research note on Wednesday, February 5th. Morgan Stanley increased their price objective on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, DA Davidson increased their price objective on Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.57.

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.