Mattel, Inc. (NASDAQ:MAT) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,363,246 shares of the company’s stock after selling 1,238,868 shares during the period. Pacer Advisors Inc. owned 2.48% of Mattel worth $148,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. KBC Group NV raised its stake in shares of Mattel by 47.4% during the fourth quarter. KBC Group NV now owns 14,984 shares of the company’s stock valued at $266,000 after purchasing an additional 4,818 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Mattel during the 4th quarter valued at $538,000. Nisa Investment Advisors LLC increased its stake in Mattel by 6.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 27,415 shares of the company’s stock worth $486,000 after buying an additional 1,620 shares during the period. Clear Harbor Asset Management LLC lifted its holdings in Mattel by 5.5% in the 4th quarter. Clear Harbor Asset Management LLC now owns 12,918 shares of the company’s stock worth $229,000 after buying an additional 675 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in Mattel by 26.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 134,954 shares of the company’s stock valued at $2,393,000 after buying an additional 28,386 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Mattel Stock Performance

Shares of MAT opened at $18.18 on Monday. The stock has a market capitalization of $6.12 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.86 and a beta of 0.75. The business’s fifty day moving average price is $18.42 and its 200 day moving average price is $18.71. 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, Inc. has a 12-month low of $15.87 and a 12-month high of $20.59.

Analyst Ratings Changes

MAT has been the topic of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and set a $27.00 target price on shares of Mattel in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Morgan Stanley increased their target price on Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Bank of America lifted their price target on shares of Mattel from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group upped their price target on shares of Mattel from $18.25 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $23.86.

Mattel 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.