18,294 Shares in Mattel (MAT) Acquired by M&T Bank Corp

M&T Bank Corp purchased a new stake in Mattel (NASDAQ:MAT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,294 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors also recently added to or reduced their stakes in MAT. Calton & Associates Inc. acquired a new position in Mattel in the 4th quarter valued at approximately $112,000. Oppenheimer & Co. Inc. acquired a new position in Mattel in the 1st quarter valued at approximately $164,000. Wolverine Asset Management LLC acquired a new position in Mattel in the 4th quarter valued at approximately $177,000. Virtu Financial LLC acquired a new position in Mattel in the 4th quarter valued at approximately $187,000. Finally, Marathon Trading Investment Management LLC acquired a new position in Mattel in the 4th quarter valued at approximately $194,000.

Shares of Mattel opened at $15.23 on Friday, according to MarketBeat Ratings. Mattel has a 12 month low of $12.21 and a 12 month high of $23.11. The firm has a market cap of $5.19 billion, a PE ratio of -14.10 and a beta of 0.98. The company has a current ratio of 2.25, a quick ratio of 1.56 and a debt-to-equity ratio of 2.92.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, April 26th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by ($0.21). The firm had revenue of $708.40 million for the quarter, compared to the consensus estimate of $687.70 million. Mattel had a negative return on equity of 32.79% and a negative net margin of 25.79%. Mattel’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.32) earnings per share. equities research analysts forecast that Mattel will post -0.45 earnings per share for the current fiscal year.

Several research firms have weighed in on MAT. Zacks Investment Research upgraded shares of Mattel from a “sell” rating to a “hold” rating in a research note on Tuesday, May 15th. BidaskClub lowered shares of Mattel from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. BMO Capital Markets increased their price target on shares of Mattel from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, April 30th. Jefferies Group set a $13.00 price target on shares of Mattel and gave the stock a “hold” rating in a research note on Sunday, April 22nd. Finally, Stifel Nicolaus dropped their price target on shares of Mattel from $15.50 to $14.00 and set a “hold” rating on the stock in a research note on Wednesday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.83.

Mattel Profile

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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