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

Cumberland Advisors Inc. increased its position in Mattel, Inc. (NASDAQ:MAT) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,800 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Mattel makes up approximately 0.7% of Cumberland Advisors Inc.’s holdings, making the stock its 29th biggest position. Cumberland Advisors Inc.’s holdings in Mattel were worth $1,844,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in Mattel by 584.3% during the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company’s stock valued at $28,000 after acquiring an additional 1,268 shares during the period. GAMMA Investing LLC increased its holdings in Mattel by 108.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company’s stock worth $33,000 after acquiring an additional 1,052 shares in the last quarter. Blue Trust Inc. grew its holdings in Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after buying an additional 1,220 shares in the last quarter. CWM LLC grew its holdings in Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock valued at $43,000 after buying an additional 1,097 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Mattel by 14,185.0% in the second quarter. Versant Capital Management Inc now owns 2,857 shares of the company’s stock valued at $46,000 after purchasing an additional 2,837 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on MAT shares. DA Davidson reissued a “buy” rating and issued a $27.00 target price on shares of Mattel in a report on Monday, July 22nd. Jefferies Financial Group lifted their target price on Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, October 1st. Finally, StockNews.com upgraded Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $22.63.

Mattel Stock Down 0.3 %

Shares of MAT stock traded down $0.06 during trading hours on Thursday, reaching $18.64. 569,534 shares of the company’s stock were exchanged, compared to its average volume of 3,128,733. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $21.26. The stock has a market cap of $6.41 billion, a PE ratio of 22.48, a PEG ratio of 1.25 and a beta of 0.79. The company has a current ratio of 2.58, a quick ratio of 1.81 and a debt-to-equity ratio of 1.18. The stock’s fifty day moving average price is $19.04 and its two-hundred day moving average price is $18.32.

Mattel (NASDAQ:MAT) last released its earnings results on Tuesday, July 23rd. The company reported $0.19 EPS for the quarter, topping 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue was down .7% compared to the same quarter last year. Research analysts predict that Mattel, Inc. will post 1.43 EPS for the current year.

About Mattel

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.