Aperio Group LLC Raises Stake in Mattel, Inc. (MAT)

Aperio Group LLC lifted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 36.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 205,697 shares of the company’s stock after purchasing an additional 54,402 shares during the quarter. Aperio Group LLC’s holdings in Mattel were worth $3,164,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Sentry Investment Management LLC raised its position in shares of Mattel by 0.3% during the second quarter. Sentry Investment Management LLC now owns 25,759 shares of the company’s stock worth $555,000 after purchasing an additional 67 shares during the period. Thrivent Financial For Lutherans raised its position in shares of Mattel by 3.2% during the second quarter. Thrivent Financial For Lutherans now owns 13,050 shares of the company’s stock worth $281,000 after purchasing an additional 410 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Mattel by 4.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 27,623 shares of the company’s stock worth $595,000 after purchasing an additional 1,227 shares during the period. Chevy Chase Trust Holdings Inc. raised its position in Mattel by 1.3% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 298,913 shares of the company’s stock valued at $4,627,000 after buying an additional 3,801 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Mattel by 24.0% in the 3rd quarter. Private Advisor Group LLC now owns 20,215 shares of the company’s stock valued at $315,000 after buying an additional 3,909 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

A number of research firms recently commented on MAT. BidaskClub lowered Mattel from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Jefferies Group set a $14.00 price target on Mattel and gave the company a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised Mattel from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Barclays increased their price target on Mattel from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Monday, February 5th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $16.00 price target on shares of Mattel in a research report on Monday, January 29th. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $19.00.

Mattel, Inc. (NASDAQ:MAT) opened at $16.55 on Monday. The stock has a market capitalization of $5,690.00, a price-to-earnings ratio of -5.41, a price-to-earnings-growth ratio of 13.82 and a beta of 1.00. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.92 and a quick ratio of 1.55. Mattel, Inc. has a 12 month low of $12.71 and a 12 month high of $26.30.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.93). The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. equities research analysts expect that Mattel, Inc. will post 0.13 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://ledgergazette.com/2018/02/19/aperio-group-llc-raises-stake-in-mattel-inc-mat.html.

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.

Want to see what other hedge funds are holding MAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mattel, Inc. (NASDAQ:MAT).

Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply