ProShare Advisors LLC Cuts Share Holdings in Mattel, Inc. (NASDAQ:MAT)

ProShare Advisors LLC reduced its stake in Mattel, Inc. (NASDAQ:MAT – Free Report) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,228 shares of the company’s stock after selling 1,008 shares during the period. ProShare Advisors LLC’s holdings in Mattel were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Mattel by 1.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,685,291 shares of the company’s stock valued at $231,487,000 after purchasing an additional 180,855 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Mattel in the 4th quarter valued at about $1,169,000. The Manufacturers Life Insurance Company grew its holdings in shares of Mattel by 9.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 606,131 shares of the company’s stock valued at $11,444,000 after buying an additional 50,419 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Mattel in the 4th quarter valued at approximately $15,642,000. Finally, SG Americas Securities LLC bought a new stake in shares of Mattel in the second quarter valued at about $312,000. 97.15% of shares are held by hedge funds and other institutional investors.

Mattel stock up 1.5%

NASDAQ:MAT opened at $19.26 on Friday. The company has a market cap of $6.63 billion, a PE ratio of 23.20, a P/E/G ratio of 1.25 and a beta of 0.79. Mattel, Inc. has a 12-month low of $15.87 and a 12-month high of $21.52. 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 company’s 50-day moving average is $19.02, and its two-hundred-day moving average is $18.36.

Mattel (NASDAQ:MAT – Get Your Free Report ) last posted its earnings results on Tuesday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Mattel had a net margin of 5.94% and a return on equity of 25.72%. Mattel’s revenue was down 0.7% compared to the same quarter last year. In the same quarter last year, the firm earned $0.10 EPS. Analysts anticipate that Mattel, Inc. will record 1.43 EPS for the current year.

Analysts on Wall Street are forecasting an increase

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. DA Davidson reiterated a “buy” rating and set a $27.00 price objective on shares of Mattel in a research note on Monday, July 22nd. Finally, Jefferies Financial Group boosted their price objective on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Mattel has a consensus rating of “Moderate Buy” and a consensus price target of $22.63, according to MarketBeat .

Read our latest analysis of Mattel

Mattel profile

(Free report)

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 Asia Pacific. The company operates through North America, International and American Girl segments. Offers dolls and accessories, as well as books, content, games and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High and Polly Pocket brands; die-cast vehicles, parts, playsets and accessories for children, adults and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox and Cars brands; and infant, toddler and preschool products that include content, toys, live events and other consumer products under the Fisher-Price, Little People and Imaginext, Thomas & Friends and Power wheels brands.

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