Candriam Luxembourg S.C.A. Lowers Holdings in Mattel, Inc. (MAT)
Candriam Luxembourg S.C.A. lowered its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 54.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 484,699 shares of the company’s stock after selling 570,065 shares during the quarter. Candriam Luxembourg S.C.A. owned 0.14% of Mattel worth $7,503,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Highlander Capital Management LLC bought a new stake in shares of Mattel in the 2nd quarter worth about $105,000. Penserra Capital Management LLC lifted its holdings in shares of Mattel by 26.6% in the 2nd quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after acquiring an additional 1,287 shares during the last quarter. Delta Asset Management LLC TN lifted its holdings in shares of Mattel by 54.7% in the 2nd quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock worth $133,000 after acquiring an additional 2,175 shares during the last quarter. ETF Managers Group LLC bought a new stake in shares of Mattel in the 2nd quarter worth about $195,000. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Mattel by 11.4% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 9,764 shares of the company’s stock valued at $210,000 after buying an additional 1,003 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. UBS AG set a $26.00 price objective on shares of Mattel and gave the company a “buy” rating in a report on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and set a $17.00 price objective (down previously from $19.00) on shares of Mattel in a report on Friday, July 28th. BMO Capital Markets reiterated an “outperform” rating and set a $25.00 price objective (down previously from $30.00) on shares of Mattel in a report on Friday, July 28th. DA Davidson lowered shares of Mattel from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $22.00 to $18.00 in a report on Thursday, August 3rd. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Mattel in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Mattel currently has an average rating of “Hold” and an average price target of C$21.46.
Mattel, Inc. (NASDAQ MAT) traded up C$0.69 during trading hours on Friday, reaching C$14.62. 11,130,000 shares of the company’s stock traded hands, compared to its average volume of 17,137,082. The stock has a market cap of $5,025.32, a P/E ratio of 97.47, a PEG ratio of 37.59 and a beta of 0.88. Mattel, Inc. has a 12 month low of C$12.71 and a 12 month high of C$32.48. 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 (NASDAQ:MAT) last released its earnings results on Thursday, October 26th. The company reported C$0.09 earnings per share for the quarter, missing the consensus estimate of C$0.58 by C($0.49). The company had revenue of C$1.56 billion for the quarter, compared to analysts’ expectations of C$1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 EPS. research analysts anticipate that Mattel, Inc. will post 0.04 earnings per share for the current fiscal year.
WARNING: This article was reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.dailypolitical.com/2017/11/12/candriam-luxembourg-s-c-a-lowers-holdings-in-mattel-inc-mat.html.
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.
Receive News & Ratings for Mattel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel Inc. and related companies with MarketBeat.com's FREE daily email newsletter.