Macquarie Group Ltd. lowered its stake in shares of Mattel Inc (NASDAQ:MAT) by 15.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,800 shares of the company’s stock after selling 1,400 shares during the period. Macquarie Group Ltd.’s holdings in Mattel were worth $78,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of MAT. Vanguard Group Inc boosted its stake in shares of Mattel by 1.6% during the third quarter. Vanguard Group Inc now owns 36,050,367 shares of the company’s stock valued at $565,991,000 after acquiring an additional 568,489 shares during the last quarter. Vanguard Group Inc. boosted its stake in Mattel by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 36,050,367 shares of the company’s stock worth $565,991,000 after buying an additional 568,489 shares during the last quarter. BlackRock Inc. boosted its stake in Mattel by 1.5% in the 4th quarter. BlackRock Inc. now owns 30,506,609 shares of the company’s stock worth $304,761,000 after buying an additional 460,247 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Mattel by 906.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 373,676 shares of the company’s stock worth $37,000 after buying an additional 336,550 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Mattel by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 4,880,401 shares of the company’s stock worth $48,678,000 after buying an additional 277,605 shares during the last quarter.
A number of brokerages have issued reports on MAT. Zacks Investment Research lowered Mattel from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 10th. BidaskClub lowered Mattel from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. ValuEngine raised Mattel from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. BMO Capital Markets decreased their price target on Mattel from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 26th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $15.00 price target on shares of Mattel in a research note on Thursday, February 14th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Mattel presently has an average rating of “Hold” and a consensus price target of $14.46.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, February 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.44 billion. Mattel had a negative return on equity of 43.47% and a negative net margin of 11.77%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business posted ($0.72) EPS. On average, equities analysts forecast that Mattel Inc will post -0.39 earnings per share for the current fiscal year.
In related news, Director Michael J. Dolan bought 30,000 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The shares were acquired at an average cost of $13.96 per share, for a total transaction of $418,800.00. Following the acquisition, the director now owns 130,920 shares in the company, valued at approximately $1,827,643.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael J. Eilola sold 10,904 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $15.72, for a total value of $171,410.88. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 129,425 shares of company stock worth $1,807,179. Company insiders own 1.60% of the company’s stock.
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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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