Cumberland Advisors Inc. Trims Holdings in Mattel, Inc. (NASDAQ:MAT)

Cumberland Advisors Inc. decreased its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 15.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 81,800 shares of the company’s stock after selling 15,000 shares during the period. Cumberland Advisors Inc.’s holdings in Mattel were worth $1,450,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MAT. UMB Bank n.a. increased its holdings in shares of Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock worth $28,000 after buying an additional 1,268 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in Mattel during the third quarter valued at about $29,000. Prospera Private Wealth LLC bought a new stake in Mattel during the third quarter worth about $34,000. GAMMA Investing LLC boosted its holdings in shares of Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after purchasing an additional 775 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Mattel by 74.2% during the 3rd quarter. Blue Trust Inc. now owns 3,610 shares of the company’s stock valued at $69,000 after purchasing an additional 1,538 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors.

Mattel Trading Up 0.9 %

MAT stock traded up $0.17 on Wednesday, reaching $18.43. The company’s stock had a trading volume of 2,518,967 shares, compared to its average volume of 2,349,524. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. The business has a fifty day simple moving average of $18.77 and a two-hundred day simple moving average of $18.55. The firm has a market cap of $6.21 billion, a PE ratio of 11.52, a PEG ratio of 0.97 and a beta of 0.75. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $20.59.

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

Analyst Ratings Changes

MAT has been the subject of several research reports. Jefferies Financial Group upped their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, October 1st. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research report on Thursday, January 2nd. Bank of America upped their price target on shares of Mattel from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. DA Davidson reiterated a “buy” rating and issued a $27.00 price objective on shares of Mattel in a report on Thursday, October 24th. Finally, Morgan Stanley raised their price target on Mattel from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.75.

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.