Tredje AP fonden Has $430,000 Stake in Mattel, Inc. (MAT)
Tredje AP fonden lessened its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 22.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,980 shares of the company’s stock after selling 5,810 shares during the period. Tredje AP fonden’s holdings in Mattel were worth $430,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cleararc Capital Inc. raised its holdings in shares of Mattel by 0.8% during the 1st quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock worth $215,000 after acquiring an additional 69 shares during the period. Sentry Investment Management LLC raised its holdings in Mattel by 0.6% in the 1st quarter. Sentry Investment Management LLC now owns 25,692 shares of the company’s stock valued at $658,000 after buying an additional 145 shares during the period. Advantus Capital Management Inc raised its holdings in Mattel by 0.6% in the 1st quarter. Advantus Capital Management Inc now owns 34,314 shares of the company’s stock valued at $879,000 after buying an additional 191 shares during the period. Louisiana State Employees Retirement System raised its holdings in Mattel by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock valued at $456,000 after buying an additional 200 shares during the period. Finally, Boyd Watterson Asset Management LLC OH raised its holdings in Mattel by 1.4% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 18,951 shares of the company’s stock valued at $408,000 after buying an additional 253 shares during the period. Institutional investors and hedge funds own 93.54% of the company’s stock.
In related news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the acquisition, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.
Several analysts recently issued reports on MAT shares. Jefferies Group LLC restated a “hold” rating and issued a $19.00 price objective on shares of Mattel in a report on Monday, June 19th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $22.00 price objective (down from $25.00) on shares of Mattel in a report on Friday, June 16th. Stifel Nicolaus restated a “hold” rating on shares of Mattel in a report on Thursday, August 3rd. DA Davidson restated a “buy” rating and issued a $30.00 price objective on shares of Mattel in a report on Tuesday, May 23rd. Finally, Barclays PLC reduced their price objective on shares of Mattel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, June 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $25.04.
Mattel, Inc. (NASDAQ MAT) opened at 15.86 on Friday. The firm has a market capitalization of $5.44 billion, a P/E ratio of 22.75 and a beta of 0.87. The stock’s 50 day moving average price is $17.10 and its 200-day moving average price is $21.49. Mattel, Inc. has a 12 month low of $15.17 and a 12 month high of $33.23.
Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The company had revenue of $974.50 million for the quarter, compared to analysts’ expectations 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, analysts forecast that Mattel, Inc. will post $0.79 earnings per share for the current year.
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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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