Sargent Investment Group LLC Sells 11,880 Shares of Mattel, Inc. (NASDAQ:MAT)

Sargent Investment Group LLC trimmed its holdings in Mattel, Inc. (NASDAQ:MAT) by 24.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,140 shares of the company’s stock after selling 11,880 shares during the quarter. Sargent Investment Group LLC’s holdings in Mattel were worth $684,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Citigroup Inc. increased its stake in shares of Mattel by 449.9% in the third quarter. Citigroup Inc. now owns 291,983 shares of the company’s stock worth $5,562,000 after buying an additional 238,884 shares during the period. FORA Capital LLC purchased a new position in shares of Mattel in the third quarter worth $1,003,000. Charles Schwab Investment Management Inc. increased its stake in shares of Mattel by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,263,611 shares of the company’s stock worth $81,222,000 after buying an additional 114,305 shares during the period. Hantz Financial Services Inc. increased its position in Mattel by 53.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 172,337 shares of the company’s stock valued at $3,283,000 after purchasing an additional 59,845 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in Mattel by 101.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 168,410 shares of the company’s stock valued at $3,208,000 after purchasing an additional 84,626 shares during the period. 97.15% of the stock is currently owned by institutional investors.

Mattel Stock Up 1.6 %

NASDAQ:MAT opened at $18.07 on Wednesday. The company has a market capitalization of $6.09 billion, a PE ratio of 11.29, a P/E/G ratio of 0.88 and a beta of 0.76. The firm’s 50-day moving average price is $18.42 and its 200-day moving average price is $18.80. Mattel, Inc. has a 1-year low of $15.87 and a 1-year high of $20.59. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.45 and a quick ratio of 1.88.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. Mattel had a net margin of 10.24% and a return on equity of 25.39%. During the same period in the previous year, the business posted $0.29 EPS. On average, equities analysts predict that Mattel, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. StockNews.com downgraded shares of Mattel from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Morgan Stanley boosted their price objective on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of Mattel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Bank of America boosted their price objective 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. Finally, DA Davidson reissued a “buy” rating and set a $27.00 price objective on shares of Mattel in a research report on Thursday, October 24th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Mattel currently has a consensus rating of “Hold” and a consensus target price of $23.86.

Mattel Company 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.