AXQ Capital LP Purchases New Stake in Mattel, Inc. (NASDAQ:MAT)

AXQ Capital LP acquired a new position in shares of Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,247 shares of the company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its stake in Mattel by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock worth $194,000 after acquiring an additional 601 shares during the last quarter. Clear Harbor Asset Management LLC raised its holdings in Mattel by 5.5% in the fourth quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock worth $229,000 after purchasing an additional 675 shares during the period. Xponance Inc. raised its holdings in Mattel by 1.6% in the fourth quarter. Xponance Inc. now owns 46,262 shares of the company’s stock worth $820,000 after purchasing an additional 739 shares during the period. GAMMA Investing LLC grew its holdings in shares of Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock valued at $63,000 after buying an additional 744 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Mattel by 150.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,543 shares of the company’s stock valued at $27,000 after buying an additional 926 shares in the last quarter. 97.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on MAT shares. DA Davidson lifted their target price on Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Morgan Stanley boosted their price objective on Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Jefferies Financial Group raised 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 raised shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.57.

Mattel Trading Up 1.9 %

NASDAQ:MAT opened at $20.17 on Tuesday. The company has a market cap of $6.72 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $22.07. The business has a 50 day moving average price of $20.09 and a two-hundred day moving average price of $19.28. The company has a quick ratio of 2.00, a current ratio of 2.38 and a debt-to-equity ratio of 1.03.

Mattel (NASDAQ:MAT) last announced its 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 net margin of 10.07% and a return on equity of 25.94%. During the same quarter in the previous year, the business earned $0.29 earnings per share. As a group, analysts expect that Mattel, Inc. will post 1.7 EPS 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.