Metropolitan Life Insurance Co. NY trimmed its position in Mattel (NASDAQ:MAT) by 66.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,937 shares of the company’s stock after selling 109,152 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Mattel were worth $860,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of MAT. California Public Employees Retirement System lifted its stake in Mattel by 13.8% in the 4th quarter. California Public Employees Retirement System now owns 1,131,951 shares of the company’s stock worth $17,409,000 after purchasing an additional 136,876 shares in the last quarter. BB&T Securities LLC lifted its stake in Mattel by 30.7% in the 3rd quarter. BB&T Securities LLC now owns 103,176 shares of the company’s stock worth $1,597,000 after purchasing an additional 24,205 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Mattel in the 4th quarter worth approximately $206,000. Sei Investments Co. lifted its stake in Mattel by 144.8% in 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 in the last quarter. Finally, Shell Asset Management Co. lifted its stake in Mattel by 650.7% in the 4th quarter. Shell Asset Management Co. now owns 491,666 shares of the company’s stock worth $7,562,000 after purchasing an additional 426,169 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.
MAT has been the topic of a number of research reports. Jefferies Group dropped coverage on shares of Mattel in a research note on Monday, December 18th. UBS set a $18.00 target price on shares of Mattel and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Citigroup raised their target price on shares of Mattel from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. BidaskClub raised shares of Mattel from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Finally, BMO Capital Markets reduced their price target on shares of Mattel from $23.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 20th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Mattel currently has a consensus rating of “Hold” and a consensus price target of $17.50.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.72) 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 analysts’ expectations of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. analysts forecast that Mattel will post -0.07 earnings per share for the current year.
Mattel Company Profile
Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.
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