Mattel, Inc. (MAT) Stake Lowered by Hussman Strategic Advisors Inc.
Hussman Strategic Advisors Inc. lowered its position in Mattel, Inc. (NASDAQ:MAT) by 82.1% during the second quarter, Holdings Channel reports. The institutional investor owned 54,400 shares of the company’s stock after selling 250,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Mattel were worth $1,171,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its position in Mattel by 89.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 29,238 shares of the company’s stock worth $776,000 after buying an additional 13,805 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Mattel by 29.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,402 shares of the company’s stock valued at $651,000 after buying an additional 5,794 shares during the period. Nationwide Fund Advisors boosted its stake in Mattel by 27.6% in the first quarter. Nationwide Fund Advisors now owns 247,580 shares of the company’s stock valued at $6,341,000 after buying an additional 53,516 shares during the period. Comerica Bank boosted its stake in Mattel by 11.9% in the first quarter. Comerica Bank now owns 775,112 shares of the company’s stock valued at $17,494,000 after buying an additional 82,210 shares during the period. Finally, Anchor Capital Advisors LLC boosted its stake in Mattel by 3.0% in the first quarter. Anchor Capital Advisors LLC now owns 898,784 shares of the company’s stock valued at $23,018,000 after buying an additional 26,078 shares during the period. 91.79% of the stock is owned by hedge funds and other institutional investors.
Shares of Mattel, Inc. (NASDAQ:MAT) opened at 18.41 on Wednesday. The stock has a market cap of $6.32 billion, a PE ratio of 26.41 and a beta of 0.84. Mattel, Inc. has a 12 month low of $18.32 and a 12 month high of $34.24. The stock has a 50 day moving average of $20.61 and a 200 day moving average of $23.65.
Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.05. Mattel had a net margin of 4.51% and a return on equity of 11.62%. The business had revenue of $974.50 million during the quarter, compared to analysts’ expectations of $972.36 million. During the same period in the previous year, the business posted ($0.02) EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts anticipate that Mattel, Inc. will post $0.80 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 23rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Monday, August 21st. Mattel’s payout ratio is 220.29%.
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Several research firms have issued reports on MAT. UBS AG reissued a “buy” rating and issued a $32.00 price objective on shares of Mattel in a research report on Saturday, April 22nd. MKM Partners lowered their price objective 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. BidaskClub cut shares of Mattel from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Stifel Nicolaus reissued a “hold” rating and issued a $26.00 price objective on shares of Mattel in a research report on Sunday, April 23rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $17.00 price objective (down from $19.00) on shares of Mattel in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mattel presently has a consensus rating of “Hold” and a consensus target price of $26.53.
In other Mattel news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of the stock in a transaction dated Tuesday, August 1st. The stock was acquired at an average price of $19.61 per share, with a total value of $248,262.60. Following the completion of the purchase, the chief executive officer now owns 116,788 shares in the company, valued at approximately $2,290,212.68. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.88% of the company’s stock.
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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