Commerzbank Aktiengesellschaft FI raised its holdings in Mattel Inc (NASDAQ:MAT) by 23.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 390,385 shares of the company’s stock after purchasing an additional 73,486 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Mattel were worth $4,446,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Primecap Management Co. CA boosted its holdings in shares of Mattel by 1.8% in the 2nd quarter. Primecap Management Co. CA now owns 51,773,109 shares of the company’s stock valued at $580,377,000 after purchasing an additional 932,710 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Mattel by 34.9% in the 2nd quarter. BlackRock Inc. now owns 37,850,491 shares of the company’s stock valued at $424,305,000 after purchasing an additional 9,786,835 shares in the last quarter. EdgePoint Investment Group Inc. boosted its holdings in shares of Mattel by 37.8% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 36,340,435 shares of the company’s stock valued at $407,376,000 after purchasing an additional 9,962,282 shares in the last quarter. FMR LLC boosted its holdings in shares of Mattel by 22.2% in the 1st quarter. FMR LLC now owns 7,832,807 shares of the company’s stock valued at $101,826,000 after purchasing an additional 1,421,076 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Mattel in the 2nd quarter valued at $55,087,000.
MAT has been the topic of several recent research reports. DA Davidson reissued a “neutral” rating on shares of Mattel in a report on Tuesday, July 30th. Stifel Nicolaus cut their price objective on Mattel from $14.00 to $13.50 and set a “hold” rating on the stock in a report on Tuesday, October 1st. UBS Group cut their price objective on Mattel from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, September 5th. SunTrust Banks cut their price objective on Mattel to $12.00 and set a “hold” rating on the stock in a report on Wednesday, September 11th. Finally, Cfra reissued a “hold” rating on shares of Mattel in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.81.
Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, July 25th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.10. The business had revenue of $860.10 million during the quarter, compared to analyst estimates of $822.24 million. Mattel had a negative return on equity of 28.70% and a negative net margin of 6.00%. Mattel’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the company earned ($0.56) EPS. On average, research analysts anticipate that Mattel Inc will post -0.57 earnings per share for the current fiscal year.
Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.
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