Sargent Investment Group LLC Trims Stock Holdings in Mattel, Inc. (NASDAQ:MAT)

Sargent Investment Group LLC cut its stake in Mattel, Inc. (NASDAQ:MAT) by 13.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,020 shares of the company’s stock after selling 7,700 shares during the quarter. Sargent Investment Group LLC’s holdings in Mattel were worth $934,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MAT. Pacer Advisors Inc. raised its position in Mattel by 20,152.4% in the 2nd quarter. Pacer Advisors Inc. now owns 10,995,234 shares of the company’s stock worth $178,783,000 after purchasing an additional 10,940,943 shares during the period. LSV Asset Management purchased a new stake in Mattel during the 2nd quarter valued at about $32,559,000. Dimensional Fund Advisors LP raised its position in Mattel by 34.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after buying an additional 1,479,227 shares during the last quarter. Millennium Management LLC increased its position in Mattel by 92.5% during the second quarter. Millennium Management LLC now owns 2,456,754 shares of the company’s stock valued at $39,947,000 after acquiring an additional 1,180,301 shares during the last quarter. Finally, Capital International Investors grew its position in Mattel by 4.6% during the first quarter. Capital International Investors now owns 19,231,375 shares of the company’s stock valued at $380,974,000 after buying an additional 845,368 shares during the period. Institutional investors own 97.15% of the company’s stock.

Mattel Price Performance

Shares of MAT stock traded up $0.15 on Thursday, reaching $18.94. 493,183 shares of the company were exchanged, compared to its average volume of 3,133,445. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 0.97 and a beta of 0.78. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $20.59. The business has a 50-day moving average price of $19.10 and a 200 day moving average price of $18.39. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45.

Mattel (NASDAQ:MAT) last announced its earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.19. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm posted $1.08 earnings per share. Mattel’s revenue was down 3.9% compared to the same quarter last year. Equities research analysts forecast that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on MAT shares. StockNews.com downgraded Mattel from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price target on shares of Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Jefferies Financial Group boosted their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. Morgan Stanley upped their price objective on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Finally, DA Davidson reissued a “buy” rating and set a $27.00 price objective on shares of Mattel in a research note on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.75.

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.