Zurcher Kantonalbank Zurich Cantonalbank raised its position in Mattel, Inc. (NASDAQ:MAT) by 7.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 73,286 shares of the company’s stock after purchasing an additional 4,951 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mattel were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parnassus Investments CA raised its stake in shares of Mattel by 92.5% during the third quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock worth $248,676,000 after purchasing an additional 7,719,364 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Mattel by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock worth $204,357,000 after purchasing an additional 2,253,399 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of Mattel by 41.3% during the third quarter. Alps Advisors Inc. now owns 2,972,551 shares of the company’s stock worth $46,015,000 after purchasing an additional 868,577 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Mattel by 30.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 2,290,591 shares of the company’s stock worth $35,459,000 after purchasing an additional 531,227 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Mattel by 6.4% during the third quarter. Legal & General Group Plc now owns 1,967,473 shares of the company’s stock worth $30,454,000 after purchasing an additional 118,877 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.
Mattel, Inc. (MAT) opened at $16.36 on Wednesday. Mattel, Inc. has a twelve month low of $12.71 and a twelve month high of $26.30. The firm has a market capitalization of $5,967.14, a price-to-earnings ratio of -5.35, a P/E/G ratio of 14.49 and a beta of 1.01. The company has a current ratio of 1.92, a quick ratio of 1.55 and a debt-to-equity ratio of 2.28.
MAT has been the subject of several analyst reports. Citigroup upped their price target on Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Jefferies Group set a $17.00 price target on Mattel and gave the stock a “hold” rating in a research note on Saturday, December 2nd. UBS Group set a $22.00 price target on Mattel and gave the stock a “buy” rating in a research note on Friday, October 27th. Monness Crespi & Hardt cut Mattel from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 12th. Finally, TheStreet lowered Mattel from a “c” rating to a “d” rating in a report on Thursday, October 26th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $19.00.
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Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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