Van ECK Associates Corp boosted its holdings in Mattel, Inc. (NASDAQ:MAT – Free Report) by 46.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,171 shares of the company’s stock after acquiring an additional 5,778 shares during the quarter. Van ECK Associates Corp’s holdings in Mattel were worth $335,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Money Concepts Capital Corp bought a new position in Mattel in the 4th quarter valued at approximately $29,000. Lazard Asset Management LLC bought a new position in Mattel in the 1st quarter valued at approximately $86,000. Dark Forest Capital Management LP lifted its position in Mattel by 2,325.8% in the 4th quarter. Dark Forest Capital Management LP now owns 5,822 shares of the company’s stock valued at $104,000 after acquiring an additional 5,582 shares in the last quarter. Captrust Financial Advisors raised its stake in Mattel by 28.8% during the 2nd quarter. Captrust Financial Advisors now owns 5,855 shares of the company’s stock valued at $131,000 after buying an additional 1,308 shares during the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in Mattel during the 4th quarter valued at $180,000. 95.37% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, EVP Zanatta Roberto Jacobo Isaias sold 25,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $20.36, for a total value of $509,000.00. Following the completion of the transaction, the executive vice president now owns 103,112 shares of the company’s stock, valued at approximately $2,099,360.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Mattel news, EVP Zanatta Roberto Jacobo Isaias sold 25,000 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $20.36, for a total transaction of $509,000.00. Following the completion of the transaction, the executive vice president now owns 103,112 shares of the company’s stock, valued at approximately $2,099,360.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Anschell sold 29,079 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $21.27, for a total transaction of $618,510.33. Following the transaction, the executive vice president now directly owns 15,499 shares of the company’s stock, valued at approximately $329,663.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,561 shares of company stock valued at $3,161,834. Company insiders own 2.40% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on MAT
Mattel Trading Up 4.1 %
NASDAQ:MAT opened at $21.28 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.35 and a quick ratio of 1.41. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 34.32, a price-to-earnings-growth ratio of 1.83 and a beta of 1.20. Mattel, Inc. has a one year low of $15.36 and a one year high of $24.38. The business has a fifty day moving average price of $19.71 and a 200-day moving average price of $18.71.
Mattel (NASDAQ:MAT – Get Free Report) last issued its earnings results on Wednesday, July 26th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.14. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1 billion. Mattel had a net margin of 4.48% and a return on equity of 15.57%. Mattel’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.18 EPS. Sell-side analysts forecast that Mattel, Inc. will post 1.18 EPS for the current year.
About Mattel
Mattel, Inc, a children's and family entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as content, gaming, and lifestyle products for children under the Barbie, Monster High, American Girl, Disney Princess and Frozen, and Polly Pocket brands; dolls and books under the American Girl brand name; die-cast vehicles, tracks, playsets, and accessories for kids of all ages, and collectors under the Hot Wheels, Monster Trucks, Matchbox, CARS, and Mario Kart brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends, and Power wheels brands.
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