BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 35,363 Shares of Mattel, Inc. (MAT)
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its holdings in Mattel, Inc. (NASDAQ:MAT) by 12.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 245,733 shares of the company’s stock after selling 35,363 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.07% of Mattel worth $3,804,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Private Advisor Group LLC grew its position in shares of Mattel by 24.0% in the 3rd quarter. Private Advisor Group LLC now owns 20,215 shares of the company’s stock worth $315,000 after buying an additional 3,909 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Mattel during the 3rd quarter worth approximately $13,045,000. Tredje AP fonden grew its position in Mattel by 171.6% during the 3rd quarter. Tredje AP fonden now owns 54,260 shares of the company’s stock worth $840,000 after purchasing an additional 34,280 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in Mattel by 548.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 328,630 shares of the company’s stock worth $5,087,000 after purchasing an additional 277,955 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in Mattel by 29.1% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 58,173 shares of the company’s stock worth $901,000 after purchasing an additional 13,100 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.
Shares of Mattel, Inc. (MAT) opened at $16.24 on Friday. 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, Inc. has a 12 month low of $12.71 and a 12 month high of $31.60. The company has a market cap of $5,360.00, a P/E ratio of 97.47, a price-to-earnings-growth ratio of 67.13 and a beta of 1.00.
Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. equities research analysts predict that Mattel, Inc. will post 0.02 earnings per share for the current year.
Several analysts have weighed in on MAT shares. UBS set a $22.00 target price on shares of Mattel and gave the stock a “buy” rating in a research report on Friday, October 27th. Monness Crespi & Hardt boosted their target price on shares of Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 11th. TheStreet downgraded shares of Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. Stifel Nicolaus dropped their target price on shares of Mattel from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Thursday, October 12th. Finally, SunTrust Banks reissued a “hold” rating and set a $17.00 target price (down previously from $22.00) on shares of Mattel in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Mattel presently has an average rating of “Hold” and a consensus target price of $21.54.
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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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