Mattel, Inc. $MAT Shares Purchased by Intech Investment Management LLC

by · The Cerbat Gem

Intech Investment Management LLC raised its stake in Mattel, Inc. (NASDAQ:MAT – Free Report) by 511.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 418,810 shares of the company’s stock after purchasing an additional 350,346 shares during the quarter. Intech Investment Management LLC’s holdings in Mattel were worth $8,137,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MAT. Trust Co. of Vermont lifted its holdings in Mattel by 995.8% during the 1st quarter. Trust Co. of Vermont now owns 1,315 shares of the company’s stock worth $26,000 after buying an additional 1,195 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Mattel by 52.9% during the first quarter. Fifth Third Bancorp now owns 2,780 shares of the company’s stock worth $54,000 after buying an additional 962 shares during the period. UMB Bank n.a. increased its stake in shares of Mattel by 93.5% during the first quarter. UMB Bank n.a. now owns 2,995 shares of the company’s stock worth $58,000 after buying an additional 1,447 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of Mattel during the first quarter worth approximately $59,000. Finally, Sound Income Strategies LLC increased its stake in shares of Mattel by 10,226.7% during the first quarter. Sound Income Strategies LLC now owns 3,098 shares of the company’s stock worth $60,000 after buying an additional 3,068 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Price Performance

Shares of NASDAQ MAT opened at $18.00 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.62 and a quick ratio of 1.12. The stock has a fifty day moving average price of $18.42 and a 200 day moving average price of $18.47. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.07. The company has a market cap of $5.80 billion, a PE ratio of 11.61, a P/E/G ratio of 2.18 and a beta of 0.66.

Mattel (NASDAQ:MAT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Mattel had a return on equity of 25.19% and a net margin of 9.87%.The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the company earned $0.19 earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Mattel has set its FY 2025 guidance at 1.540-1.660 EPS. Sell-side analysts forecast that Mattel, Inc. will post 1.7 EPS for the current year.

Analyst Upgrades and Downgrades

MAT has been the topic of several recent analyst reports. Citigroup increased their price target on shares of Mattel from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, June 16th. Wall Street Zen lowered shares of Mattel from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. JPMorgan Chase & Co. increased their price target on shares of Mattel from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Roth Capital set a $22.00 price target on shares of Mattel and gave the company a “neutral” rating in a research note on Friday, July 11th. Finally, DA Davidson reiterated a “buy” rating and issued a $30.00 price target on shares of Mattel in a research note on Thursday, May 15th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.38.

View Our Latest Stock Analysis on MAT

Mattel Profile

(Free Report)

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.

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