Gateway Investment Advisers LLC lessened its stake in Mattel, Inc. (NASDAQ:MAT) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,509 shares of the company’s stock after selling 53,153 shares during the period. Gateway Investment Advisers LLC owned 0.14% of Mattel worth $7,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in Mattel during the third quarter worth about $375,000. Coastline Trust Co increased its holdings in Mattel by 44.4% in the third quarter. Coastline Trust Co now owns 20,360 shares of the company’s stock valued at $315,000 after buying an additional 6,260 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Mattel by 11.3% during the 3rd quarter. California Public Employees Retirement System now owns 995,075 shares of the company’s stock worth $15,404,000 after purchasing an additional 100,722 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in shares of Mattel during the 3rd quarter worth approximately $236,000. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Mattel by 1.3% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 298,913 shares of the company’s stock worth $4,627,000 after purchasing an additional 3,801 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.
A number of research analysts have recently weighed in on the stock. BidaskClub cut shares of Mattel from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Jefferies Group set a $14.00 price target on shares of Mattel and gave the company a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Barclays boosted their target price on shares of Mattel from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $16.00 price target on shares of Mattel in a research note on Monday, January 29th. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Mattel currently has an average rating of “Hold” and a consensus target price of $19.00.
Mattel, Inc. (NASDAQ MAT) traded up $0.09 during mid-day trading on Monday, reaching $17.36. 6,676,597 shares of the company’s stock traded hands, compared to its average volume of 6,730,000. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.92 and a quick ratio of 1.55. The company has a market capitalization of $5,970.00, a P/E ratio of -5.67, a price-to-earnings-growth ratio of 14.42 and a beta of 1.00. Mattel, Inc. has a 12 month low of $12.71 and a 12 month high of $26.30.
Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.93). The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.69 billion. Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. Mattel’s quarterly revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. sell-side analysts expect that Mattel, Inc. will post 0.13 earnings per share for the current fiscal year.
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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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