Quantitative Investment Management LLC reduced its stake in Mattel, Inc. (NASDAQ:MAT) by 52.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 525,500 shares of the company’s stock after selling 584,200 shares during the quarter. Quantitative Investment Management LLC’s holdings in Mattel were worth $8,082,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Parnassus Investments CA grew its holdings in shares of Mattel by 33.2% during the 4th quarter. Parnassus Investments CA now owns 21,391,928 shares of the company’s stock worth $329,008,000 after purchasing an additional 5,327,564 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Mattel by 20.6% during the 3rd 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 period. Sei Investments Co. grew its holdings in shares of Mattel by 144.8% during the 4th quarter. Sei Investments Co. now owns 2,142,172 shares of the company’s stock worth $32,946,000 after purchasing an additional 1,266,982 shares during the period. Chartwell Investment Partners LLC grew its holdings in shares of Mattel by 147.9% during the 3rd quarter. Chartwell Investment Partners LLC now owns 1,480,600 shares of the company’s stock worth $22,919,000 after purchasing an additional 883,305 shares during the period. Finally, Mackenzie Financial Corp purchased a new position in shares of Mattel during the 3rd quarter worth $13,045,000. Institutional investors own 93.86% of the company’s stock.
Shares of Mattel, Inc. (MAT) opened at $14.84 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.92 and a debt-to-equity ratio of 2.28. Mattel, Inc. has a 12-month low of $12.71 and a 12-month high of $25.97.
Several equities analysts recently issued reports on MAT shares. ValuEngine raised Mattel from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. BidaskClub raised Mattel from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 15th. Jefferies Group set a $17.00 target price on Mattel and gave the stock a “hold” rating in a research note on Saturday, December 2nd. Monness Crespi & Hardt lowered Mattel from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 12th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $14.00 target price (down previously from $34.00) on shares of Mattel in a research note on Wednesday, December 13th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.33.
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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