Rhumbline Advisers decreased its holdings in shares of Mattel Inc (NASDAQ:MAT) by 9.4% in the 1st quarter, Holdings Channel reports. The fund owned 526,513 shares of the company’s stock after selling 54,899 shares during the quarter. Rhumbline Advisers’ holdings in Mattel were worth $6,845,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its stake in shares of Mattel by 906.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 373,676 shares of the company’s stock valued at $37,000 after buying an additional 336,550 shares in the last quarter. Legacy Advisors LLC acquired a new stake in shares of Mattel in the first quarter valued at $39,000. CSat Investment Advisory L.P. grew its stake in shares of Mattel by 112.4% in the fourth quarter. CSat Investment Advisory L.P. now owns 5,198 shares of the company’s stock valued at $52,000 after buying an additional 2,751 shares in the last quarter. Delta Asset Management LLC TN grew its stake in shares of Mattel by 19.2% in the fourth quarter. Delta Asset Management LLC TN now owns 7,100 shares of the company’s stock valued at $71,000 after buying an additional 1,145 shares in the last quarter. Finally, Ffcm LLC grew its stake in shares of Mattel by 149.7% in the fourth quarter. Ffcm LLC now owns 7,802 shares of the company’s stock valued at $78,000 after buying an additional 4,678 shares in the last quarter.
A number of brokerages have recently weighed in on MAT. ValuEngine raised Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Mattel in a research note on Thursday, February 14th. BidaskClub raised Mattel from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Zacks Investment Research raised Mattel from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, February 13th. Finally, MKM Partners lifted their price objective on Mattel to $15.00 and gave the company a “neutral” rating in a research note on Monday, February 11th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.31.
Mattel (NASDAQ:MAT) last released its earnings results on Thursday, April 25th. The company reported ($0.44) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.56) by $0.12. Mattel had a negative return on equity of 42.68% and a negative net margin of 8.98%. The firm had revenue of $689.20 million during the quarter, compared to analysts’ expectations of $652.36 million. During the same period in the previous year, the firm posted ($0.60) EPS. Mattel’s revenue for the quarter was down 2.7% on a year-over-year basis. As a group, research analysts forecast that Mattel Inc will post -0.54 EPS for the current fiscal year.
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Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.
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