Aperio Group LLC Decreases Holdings in Mattel, Inc. (MAT)
Aperio Group LLC trimmed its position in Mattel, Inc. (NASDAQ:MAT) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,295 shares of the company’s stock after selling 7,749 shares during the quarter. Aperio Group LLC’s holdings in Mattel were worth $2,342,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MAT. Janus Henderson Group PLC lifted its position in shares of Mattel by 19,570.6% during the 2nd quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock valued at $207,066,000 after acquiring an additional 9,568,634 shares during the period. American Century Companies Inc. lifted its position in shares of Mattel by 91.6% during the 2nd quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock valued at $214,398,000 after acquiring an additional 4,759,608 shares during the period. Eaton Vance Management lifted its position in shares of Mattel by 581.7% during the 2nd quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock valued at $57,758,000 after acquiring an additional 2,289,165 shares during the period. Fairpointe Capital LLC lifted its position in shares of Mattel by 24.3% during the 2nd quarter. Fairpointe Capital LLC now owns 7,993,469 shares of the company’s stock valued at $172,099,000 after acquiring an additional 1,560,624 shares during the period. Finally, Capital World Investors lifted its position in shares of Mattel by 232.1% during the 2nd quarter. Capital World Investors now owns 1,559,700 shares of the company’s stock valued at $33,580,000 after acquiring an additional 1,090,000 shares during the period. 95.89% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Mattel, Inc. (NASDAQ MAT) opened at C$14.62 on Monday. Mattel, Inc. has a one year low of C$12.71 and a one year high of C$32.48. The company has a market capitalization of $5,025.33, a P/E ratio of 97.47, a P/E/G ratio of 37.59 and a beta of 0.88. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, October 26th. The company reported C$0.09 EPS for the quarter, missing the consensus estimate of C$0.58 by C($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business had revenue of C$1.56 billion for the quarter, compared to analyst estimates of C$1.82 billion. During the same period in the prior year, the business earned $0.70 EPS. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. analysts forecast that Mattel, Inc. will post 0.04 EPS for the current fiscal year.
A number of analysts have recently weighed in on MAT shares. Monness Crespi & Hardt upped their target price on Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. BidaskClub upgraded Mattel from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. TheStreet downgraded Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. BMO Capital Markets upped their target price on Mattel from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, October 30th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $17.00 target price on shares of Mattel in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$21.46.
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Mattel Company Profile
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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