Columbia Asset Management Has $467,000 Position in Mattel, Inc. (MAT)

Columbia Asset Management lowered its holdings in Mattel, Inc. (NASDAQ:MAT) by 57.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,168 shares of the company’s stock after selling 41,222 shares during the period. Columbia Asset Management’s holdings in Mattel were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MAT. Janus Henderson Group PLC grew its position in Mattel by 19,570.6% in the second quarter. Janus Henderson Group PLC now owns 9,617,527 shares of the company’s stock valued at $207,066,000 after purchasing an additional 9,568,634 shares in the last quarter. Parnassus Investments CA grew its position in Mattel by 92.5% in the third quarter. Parnassus Investments CA now owns 16,064,364 shares of the company’s stock valued at $248,676,000 after purchasing an additional 7,719,364 shares in the last quarter. American Century Companies Inc. grew its position in Mattel by 91.6% in the second quarter. American Century Companies Inc. now owns 9,958,114 shares of the company’s stock valued at $214,398,000 after purchasing an additional 4,759,608 shares in the last quarter. Eaton Vance Management grew its position in Mattel by 581.7% in the second quarter. Eaton Vance Management now owns 2,682,680 shares of the company’s stock valued at $57,758,000 after purchasing an additional 2,289,165 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Mattel by 20.6% in the third quarter. Bank of New York Mellon Corp now owns 13,201,338 shares of the company’s stock valued at $204,357,000 after purchasing an additional 2,253,399 shares in the last quarter. 95.89% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on MAT shares. Stifel Nicolaus reaffirmed a “hold” rating on shares of Mattel in a research report on Thursday, August 3rd. Jefferies Group LLC set a $13.00 target price on shares of Mattel and gave the company a “hold” rating in a research report on Sunday, October 29th. BidaskClub downgraded shares of Mattel from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 4th. Monness Crespi & Hardt raised their target price on shares of Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, ValuEngine raised shares of Mattel from a “sell” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.46.

Shares of Mattel, Inc. (NASDAQ MAT) traded up $0.20 during mid-day trading on Thursday, hitting $18.53. 4,148,547 shares of the company traded hands, compared to its average volume of 7,964,804. The company has a market cap of $6,372.75, a P/E ratio of 123.60, a price-to-earnings-growth ratio of 47.67 and a beta of 0.88. The company has a quick ratio of 0.89, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. Mattel, Inc. has a 1-year low of $12.71 and a 1-year high of $32.48.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.49). Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm earned $0.70 EPS. Mattel’s revenue for the quarter was down 13.1% compared to the same quarter last year. equities research analysts anticipate that Mattel, Inc. will post 0.04 earnings per share for the current fiscal year.

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About Mattel

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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