An issue of Mattel, Inc. (NASDAQ:MAT) debt fell 0.4% against its face value during trading on Wednesday. The high-yield debt issue has a 6.75% coupon and is set to mature on December 31, 2025. The debt is now trading at $101.13 and was trading at $101.00 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its stock price.
Several analysts recently weighed in on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 price objective (down previously from $34.00) on shares of Mattel in a research note on Wednesday, December 13th. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Jefferies Group dropped coverage on shares of Mattel in a research report on Monday, December 18th. SunTrust Banks reaffirmed a “hold” rating and set a $17.00 price target (down previously from $22.00) on shares of Mattel in a research report on Tuesday, October 10th. Finally, B. Riley initiated coverage on shares of Mattel in a research report on Thursday, December 21st. They set a “neutral” rating and a $15.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mattel has an average rating of “Hold” and an average target price of $20.25.
Shares of Mattel, Inc. (NASDAQ MAT) traded down $0.10 during midday trading on Wednesday, hitting $15.62. 2,570,497 shares of the stock traded hands, compared to its average volume of 7,906,943. Mattel, Inc. has a 52-week low of $12.71 and a 52-week high of $31.60. The firm has a market capitalization of $5,400.00, a price-to-earnings ratio of -8.93 and a beta of 1.00. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Highlander Capital Management LLC purchased a new stake in Mattel in the 2nd quarter valued at about $105,000. Penserra Capital Management LLC increased its stake in Mattel by 26.6% in the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock valued at $131,000 after buying an additional 1,287 shares during the last quarter. Zeke Capital Advisors LLC purchased a new stake in Mattel in the 3rd quarter valued at about $163,000. Hartland & Co. LLC purchased a new stake in Mattel in the 3rd quarter valued at about $165,000. Finally, ETF Managers Group LLC purchased a new stake in Mattel in the 2nd quarter valued at about $195,000. Institutional investors own 93.66% of the company’s stock.
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Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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