Gateway Investment Advisers LLC lowered its holdings in Mattel Inc (NASDAQ:MAT) by 10.5% during the first quarter, HoldingsChannel.com reports. The firm owned 68,821 shares of the company’s stock after selling 8,045 shares during the period. Gateway Investment Advisers LLC’s holdings in Mattel were worth $895,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in Mattel by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,584,759 shares of the company’s stock worth $40,582,000 after purchasing an additional 79,991 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Mattel by 13.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 40,003 shares of the company’s stock worth $628,000 after purchasing an additional 4,633 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Mattel during the 3rd quarter worth $363,000. Deutsche Bank AG grew its stake in Mattel by 1.0% during the 3rd quarter. Deutsche Bank AG now owns 2,722,492 shares of the company’s stock worth $42,740,000 after purchasing an additional 26,453 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Mattel by 34.2% during the 3rd quarter. Pacer Advisors Inc. now owns 19,417 shares of the company’s stock worth $305,000 after purchasing an additional 4,944 shares in the last quarter.
In other news, CFO Joseph J. Euteneuer bought 20,000 shares of Mattel stock in a transaction dated Friday, February 22nd. The stock was acquired at an average cost of $13.95 per share, with a total value of $279,000.00. Following the acquisition, the chief financial officer now owns 55,231 shares of the company’s stock, valued at $770,472.45. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Michael J. Eilola sold 10,904 shares of the business’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 ninety days, insiders have bought 129,425 shares of company stock valued at $1,807,179. Insiders own 1.60% of the company’s stock.
Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, February 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.15. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Mattel had a negative return on equity of 43.47% and a negative net margin of 11.77%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.72) EPS. As a group, research analysts forecast that Mattel Inc will post -0.39 earnings per share for the current year.
Several research firms recently commented on MAT. ValuEngine raised Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Stifel Nicolaus reissued a “hold” rating and set a $15.00 target price 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 target price for the company in a research note on Wednesday, February 13th. Finally, MKM Partners upped their price objective on Mattel to $15.00 and gave the stock a “neutral” rating in a research report on Monday, February 11th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.46.
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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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