New Age Alpha Advisors LLC Purchases New Position in Mattel, Inc. (NASDAQ:MAT)

New Age Alpha Advisors LLC acquired a new stake in Mattel, Inc. (NASDAQ:MAT) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,201 shares of the company’s stock, valued at approximately $145,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings 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 valued at $27,000 after acquiring an additional 926 shares during the last quarter. West Oak Capital LLC grew its position in Mattel by 9,775.0% in the 4th quarter. West Oak Capital LLC now owns 1,975 shares of the company’s stock worth $35,000 after purchasing an additional 1,955 shares during the period. TD Private Client Wealth LLC purchased a new stake in Mattel during the 4th quarter valued at $51,000. GAMMA Investing LLC lifted its holdings in shares of Mattel by 26.6% during 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, Venturi Wealth Management LLC boosted its stake in shares of Mattel by 175.1% in the 4th quarter. Venturi Wealth Management LLC now owns 4,669 shares of the company’s stock worth $83,000 after buying an additional 2,972 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

Mattel Stock Performance

MAT opened at $19.87 on Thursday. The company has a 50 day simple moving average of $20.32 and a two-hundred day simple moving average of $19.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.38 and a quick ratio of 2.00. The firm has a market cap of $6.42 billion, a P/E ratio of 12.42, a PEG ratio of 2.35 and a beta of 0.51. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $22.07.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the firm posted $0.29 earnings per share. Equities analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MAT. DA Davidson upped their price objective on Mattel from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley increased their price objective on shares of Mattel from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Jefferies Financial Group raised shares of Mattel from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. Finally, StockNews.com raised shares of Mattel from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Mattel presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.57.

Mattel Company 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.