AXQ Capital LP Takes Position in Mattel, Inc. (NASDAQ:MAT)

AXQ Capital LP bought a new position in shares of Mattel, Inc. (NASDAQ:MAT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 MAT. TD Private Client Wealth LLC acquired a new position in Mattel during the fourth quarter worth approximately $51,000. Magnetar Financial LLC acquired a new position in shares of Mattel during the 4th quarter worth approximately $944,000. Vinva Investment Management Ltd raised its stake in Mattel by 75.6% in the 4th quarter. Vinva Investment Management Ltd now owns 17,274 shares of the company’s stock valued at $306,000 after acquiring an additional 7,438 shares during the period. Xponance Inc. lifted its holdings in Mattel by 1.6% during the 4th quarter. Xponance Inc. now owns 46,262 shares of the company’s stock valued at $820,000 after purchasing an additional 739 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in Mattel by 13.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 537,687 shares of the company’s stock worth $9,533,000 after purchasing an additional 65,379 shares during the period. 97.15% of the stock is owned by institutional investors.

Mattel Trading Up 1.9 %

Shares of MAT stock opened at $20.17 on Tuesday. The stock has a 50 day simple moving average of $20.09 and a 200 day simple moving average of $19.28. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $22.07. The company has a current ratio of 2.38, a quick ratio of 2.00 and a debt-to-equity ratio of 1.03. The stock 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 (NASDAQ:MAT) last released its earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (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 company posted $0.29 EPS. On average, research analysts predict that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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