Mattel, Inc. (MAT) Shares Sold by Ontario Teachers Pension Plan Board
Ontario Teachers Pension Plan Board trimmed its position in shares of Mattel, Inc. (NASDAQ:MAT) by 54.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,703 shares of the company’s stock after selling 14,204 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Mattel were worth $252,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in MAT. BlackRock Inc. increased its holdings in shares of Mattel by 3,220.3% during the 1st quarter. BlackRock Inc. now owns 35,888,132 shares of the company’s stock worth $919,097,000 after buying an additional 34,807,257 shares during the last quarter. American Century Companies Inc. increased its holdings 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 worth $214,398,000 after buying an additional 4,759,608 shares during the last quarter. Eaton Vance Management increased its holdings 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 worth $57,758,000 after buying an additional 2,289,165 shares during the last quarter. Credit Suisse AG increased its holdings in shares of Mattel by 165.6% during the 1st quarter. Credit Suisse AG now owns 3,131,042 shares of the company’s stock worth $80,186,000 after buying an additional 1,951,994 shares during the last quarter. Finally, Fairpointe Capital LLC increased its holdings in shares of Mattel by 36.1% during the 1st quarter. Fairpointe Capital LLC now owns 6,432,845 shares of the company’s stock worth $164,745,000 after buying an additional 1,707,158 shares during the last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.
In related news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the transaction, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at approximately $2,290,212.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.
Mattel, Inc. (NASDAQ:MAT) opened at 15.72 on Thursday. Mattel, Inc. has a 52-week low of $14.35 and a 52-week high of $33.23. The firm has a 50-day moving average of $15.79 and a 200-day moving average of $20.50. The stock has a market capitalization of $5.39 billion, a PE ratio of 22.55 and a beta of 0.86.
Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The firm had revenue of $974.50 million during the quarter, compared to analyst estimates of $972.36 million. Mattel had a net margin of 4.51% and a return on equity of 11.62%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share. On average, equities analysts expect that Mattel, Inc. will post $0.77 EPS for the current year.
A number of analysts have recently commented on MAT shares. UBS AG restated a “buy” rating and set a $26.00 price objective (down from $29.00) on shares of Mattel in a report on Wednesday, June 21st. MKM Partners decreased their price target on shares of Mattel from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, July 3rd. Monness Crespi & Hardt decreased their price target on shares of Mattel from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, June 15th. DA Davidson reaffirmed a “buy” rating and set a $30.00 price target on shares of Mattel in a research report on Monday, June 12th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Mattel in a research report on Wednesday, June 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.12.
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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