Texas Permanent School Fund cut its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,258 shares of the company’s stock after selling 6,692 shares during the quarter. Texas Permanent School Fund’s holdings in Mattel were worth $1,213,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Mattel by 7.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,612,258 shares of the company’s stock valued at $21,200,000 after buying an additional 115,267 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Mattel by 48.1% during the first quarter. Russell Investments Group Ltd. now owns 69,875 shares of the company’s stock valued at $918,000 after buying an additional 22,693 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Mattel by 13,860.4% during the first quarter. Cubist Systematic Strategies LLC now owns 14,100 shares of the company’s stock valued at $185,000 after buying an additional 13,999 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Mattel by 15.4% during the first quarter. Allianz Asset Management GmbH now owns 26,898 shares of the company’s stock valued at $354,000 after buying an additional 3,596 shares during the last quarter. Finally, DnB Asset Management AS raised its position in shares of Mattel by 14.9% during the second quarter. DnB Asset Management AS now owns 37,718 shares of the company’s stock valued at $619,000 after buying an additional 4,900 shares during the last quarter.

NASDAQ:MAT opened at $13.55 on Friday. Mattel, Inc. has a 12-month low of $12.21 and a 12-month high of $19.21. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.70 and a quick ratio of 1.21. The stock has a market capitalization of $4.99 billion, a P/E ratio of -12.55 and a beta of 1.10.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, October 25th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Mattel had a negative return on equity of 65.25% and a negative net margin of 17.99%. Equities analysts predict that Mattel, Inc. will post -1.02 EPS for the current fiscal year.

Several research analysts recently issued reports on MAT shares. BidaskClub lowered shares of Mattel from a “buy” rating to a “hold” rating in a research report on Friday, July 13th. MKM Partners dropped their price target on shares of Mattel to $13.00 and set a “neutral” rating for the company in a research report on Thursday, July 26th. ValuEngine lowered shares of Mattel from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. DA Davidson raised shares of Mattel from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $12.00 to $14.00 in a research report on Friday, July 27th. Finally, Zacks Investment Research lowered shares of Mattel from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Mattel presently has an average rating of “Hold” and an average price target of $15.22.

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About Mattel

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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