Mattel, Inc. (MAT) Holdings Boosted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Mattel, Inc. (NASDAQ:MAT) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,450 shares of the company’s stock after buying an additional 48 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Mattel were worth $548,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Sawtooth Solutions LLC increased its holdings in Mattel by 15.3% in the 2nd quarter. Sawtooth Solutions LLC now owns 52,716 shares of the company’s stock valued at $1,135,000 after buying an additional 6,980 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Mattel by 10.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 396,735 shares of the company’s stock valued at $8,541,000 after buying an additional 38,559 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Mattel by 282.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 63,719 shares of the company’s stock valued at $1,372,000 after buying an additional 47,057 shares during the period. Artemis Investment Management LLP bought a new position in Mattel in the 2nd quarter valued at about $5,040,000. Finally, Swiss National Bank increased its holdings in Mattel by 2.9% in the 2nd quarter. Swiss National Bank now owns 1,247,750 shares of the company’s stock valued at $26,864,000 after buying an additional 35,700 shares during the period. 93.81% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. UBS AG reissued a “buy” rating and issued a $23.00 target price on shares of Mattel in a report on Saturday. BidaskClub raised shares of Mattel from a “strong sell” rating to a “sell” rating in a report on Thursday, September 14th. DA Davidson reissued an “underperform” rating and issued a $14.00 target price (down from $18.00) on shares of Mattel in a report on Tuesday, September 12th. Jefferies Group LLC reissued a “hold” rating and issued a $17.00 target price on shares of Mattel in a report on Thursday, September 7th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $19.00 target price on shares of Mattel in a report on Tuesday, September 5th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.04.
In other Mattel news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of Mattel stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is owned by company insiders.
Shares of Mattel, Inc. (NASDAQ MAT) opened at 15.05 on Wednesday. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 21.59 and a beta of 0.87. The firm’s 50-day moving average is $16.82 and its 200-day moving average is $21.28. Mattel, Inc. has a 12-month low of $14.82 and a 12-month high of $33.23.
Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $972.36 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. On average, equities analysts predict that Mattel, Inc. will post $0.79 EPS for the current year.
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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