Macquarie Group Ltd. decreased its position in Mattel (NASDAQ:MAT) by 97.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,200 shares of the company’s stock after selling 398,100 shares during the quarter. Macquarie Group Ltd.’s holdings in Mattel were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Calton & Associates Inc. acquired a new position in Mattel in the 4th quarter valued at about $112,000. Wolverine Asset Management LLC acquired a new position in Mattel in the 4th quarter valued at about $177,000. Virtu Financial LLC acquired a new position in Mattel in the 4th quarter valued at about $187,000. Marathon Trading Investment Management LLC acquired a new position in shares of Mattel during the 4th quarter valued at about $194,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Mattel during the 4th quarter valued at about $206,000.

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A number of research firms have recently commented on MAT. BidaskClub downgraded shares of Mattel from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Barclays downgraded shares of Mattel from an “equal weight” rating to an “underweight” rating and set a $16.00 price objective for the company. in a research note on Friday, March 9th. UBS set a $18.00 price objective on shares of Mattel and gave the company a “buy” rating in a research note on Wednesday, February 21st. Zacks Investment Research raised shares of Mattel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Jefferies Group set a $12.00 price objective on shares of Mattel and gave the company a “sell” rating in a research note on Thursday, March 15th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Mattel currently has an average rating of “Hold” and a consensus price target of $17.58.

MAT opened at $14.72 on Tuesday. The company has a market cap of $5,035.84, a P/E ratio of -13.63 and a beta of 1.01. Mattel has a 1 year low of $12.71 and a 1 year high of $25.57. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.92 and a quick ratio of 1.55.

Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.93). The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.69 billion. Mattel had a negative return on equity of 21.37% and a negative net margin of 21.59%. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period last year, the company posted $0.52 EPS. analysts expect that Mattel will post -0.1 earnings per share for the current year.

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Mattel Profile

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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