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

Sargent Investment Group LLC cut its stake in Mattel, Inc. (NASDAQ:MAT) by 26.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,720 shares of the company’s stock after selling 20,180 shares during the period. Sargent Investment Group LLC’s holdings in Mattel were worth $922,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MAT. Edgestream Partners L.P. bought a new stake in shares of Mattel in the 2nd quarter worth approximately $594,000. Dimensional Fund Advisors LP boosted its holdings in Mattel by 34.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,794,138 shares of the company’s stock worth $94,215,000 after acquiring an additional 1,479,227 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Mattel by 7.9% during the second quarter. Federated Hermes Inc. now owns 50,169 shares of the company’s stock valued at $816,000 after acquiring an additional 3,662 shares in the last quarter. Cornercap Investment Counsel Inc. raised its position in shares of Mattel by 115.3% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 57,734 shares of the company’s stock worth $939,000 after purchasing an additional 30,923 shares during the last quarter. Finally, Qsemble Capital Management LP bought a new position in Mattel in the 2nd quarter worth about $354,000. 97.15% of the stock is owned by institutional investors.

Mattel Stock Up 0.1 %

NASDAQ:MAT opened at $19.02 on Tuesday. The company’s 50 day moving average is $18.51 and its two-hundred day moving average is $18.39. The company has a market cap of $6.54 billion, a PE ratio of 22.92, a P/E/G ratio of 1.19 and a beta of 0.80. Mattel, Inc. has a twelve month low of $15.87 and a twelve month high of $22.30. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Mattel had a return on equity of 25.72% and a net margin of 5.94%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the company posted $0.10 earnings per share. Mattel’s revenue for the quarter was down .7% on a year-over-year basis. Analysts anticipate that Mattel, Inc. will post 1.43 EPS for the current year.

Analyst Upgrades and Downgrades

MAT has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a report on Monday, July 22nd. StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.63.

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.