Alberta Investment Management Corp Invests $1.28 Million in Mattel, Inc. (NASDAQ:MAT)

Alberta Investment Management Corp bought a new position in Mattel, Inc. (NASDAQ:MAT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 72,100 shares of the company’s stock, valued at approximately $1,278,000.

Several other hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc grew its stake in Mattel by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 10,962 shares of the company’s stock valued at $194,000 after acquiring an additional 601 shares in the last quarter. Clear Harbor Asset Management LLC boosted its stake in Mattel by 5.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock valued at $229,000 after buying an additional 675 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Mattel by 2.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock valued at $491,000 after buying an additional 693 shares in the last quarter. GAMMA Investing LLC increased its stake in Mattel by 26.6% in the 4th quarter. GAMMA Investing LLC now owns 3,541 shares of the company’s stock worth $63,000 after acquiring an additional 744 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Mattel by 3.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock worth $752,000 after acquiring an additional 1,160 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Mattel from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. DA Davidson boosted their target price on shares of Mattel from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Jefferies Financial Group upgraded shares of 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, StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.57.

Mattel Stock Performance

Shares of NASDAQ:MAT opened at $21.15 on Friday. 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 company has a market capitalization of $7.13 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 2.35 and a beta of 0.76. Mattel, Inc. has a 12 month low of $15.87 and a 12 month high of $22.07. The firm’s 50-day moving average is $19.06 and its 200 day moving average is $19.05.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share 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 period in the prior year, the business earned $0.29 EPS. Research analysts predict that Mattel, Inc. will post 1.7 EPS for the current year.

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.