Tredje AP fonden Has $840,000 Holdings in Mattel, Inc. (MAT)

Tredje AP fonden grew its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 171.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,260 shares of the company’s stock after purchasing an additional 34,280 shares during the period. Tredje AP fonden’s holdings in Mattel were worth $840,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MAT. Sentry Investment Management LLC lifted its holdings in shares of Mattel by 0.3% during the 2nd quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock worth $555,000 after acquiring an additional 67 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Mattel by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock worth $456,000 after acquiring an additional 200 shares during the period. Private Advisor Group LLC lifted its holdings in shares of Mattel by 1.3% during the 2nd quarter. Private Advisor Group LLC now owns 16,306 shares of the company’s stock worth $341,000 after acquiring an additional 204 shares during the period. Simmons Bank lifted its holdings in shares of Mattel by 0.6% during the 2nd quarter. Simmons Bank now owns 55,546 shares of the company’s stock worth $1,196,000 after acquiring an additional 339 shares during the period. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Mattel by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock worth $281,000 after acquiring an additional 410 shares during the period. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Mattel, Inc. (NASDAQ MAT) opened at $15.04 on Friday. The company has a market cap of $5,290.00, a P/E ratio of 102.60, a P/E/G ratio of 39.57 and a beta of 1.00. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89. Mattel, Inc. has a 52 week low of $12.71 and a 52 week high of $31.60.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). Mattel had a negative net margin of 11.73% and a positive return on equity of 2.51%. 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 company posted $0.70 earnings per share. The company’s revenue was down 13.1% compared to the same quarter last year. equities analysts expect that Mattel, Inc. will post 0.04 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of Mattel from a “hold” rating to a “sell” rating in a report on Thursday. Stifel Nicolaus dropped their price objective on shares of Mattel from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, October 12th. UBS reissued a “buy” rating and issued a $23.00 price objective on shares of Mattel in a research note on Saturday, September 16th. DA Davidson dropped their price objective on shares of Mattel from $14.00 to $13.00 and set an “underperform” rating for the company in a research note on Friday, September 22nd. Finally, Monness Crespi & Hardt increased their price objective on shares of Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Mattel currently has a consensus rating of “Hold” and an average target price of $21.79.

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Mattel Profile

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.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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