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.

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Mattel Profile

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.

Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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