Investment Centers of America Inc. lowered its position in Mattel, Inc. (NASDAQ:MAT) by 30.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,939 shares of the company’s stock after selling 6,028 shares during the quarter. Investment Centers of America Inc.’s holdings in Mattel were worth $298,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Penserra Capital Management LLC lifted its stake in Mattel by 26.6% in the second quarter. Penserra Capital Management LLC now owns 6,117 shares of the company’s stock worth $131,000 after acquiring an additional 1,287 shares during the last quarter. Delta Asset Management LLC TN lifted its stake in Mattel by 54.7% in the second quarter. Delta Asset Management LLC TN now owns 6,150 shares of the company’s stock worth $133,000 after acquiring an additional 2,175 shares during the last quarter. First Interstate Bank lifted its stake in Mattel by 237.1% in the first quarter. First Interstate Bank now owns 6,682 shares of the company’s stock worth $171,000 after acquiring an additional 4,700 shares during the last quarter. Cleararc Capital Inc. lifted its stake in Mattel by 0.8% in the first quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock worth $215,000 after acquiring an additional 69 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV purchased a new position in Mattel in the first quarter worth approximately $224,000. Institutional investors own 93.81% of the company’s stock.
Shares of Mattel, Inc. (MAT) opened at 14.87 on Tuesday. The stock has a market cap of $5.10 billion, a P/E ratio of 21.33 and a beta of 0.87. The company has a 50-day moving average of $16.96 and a 200 day moving average of $21.35. Mattel, Inc. has a 52-week low of $14.83 and a 52-week high of $33.23.
Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). Mattel had a return on equity of 11.62% and a net margin of 4.51%. The company had revenue of $974.50 million for the quarter, compared to analyst estimates of $972.36 million. During the same period in the previous year, the business posted ($0.02) EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts forecast that Mattel, Inc. will post $0.79 EPS for the current fiscal year.
A number of research analysts recently issued reports on MAT shares. DA Davidson reiterated a “buy” rating and issued a $30.00 price target on shares of Mattel in a research note on Tuesday, May 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $25.00 price target (down previously from $30.00) on shares of Mattel in a research note on Friday, July 28th. UBS AG set a $26.00 price target on shares of Mattel and gave the stock a “buy” rating in a research note on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 price target on shares of Mattel in a research note on Thursday, September 7th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Mattel in a research note on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.04.
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In other news, CEO Mary Margaret Hasti Georgiadis acquired 12,660 shares of Mattel stock in a transaction that occurred on Tuesday, August 1st. The shares were purchased at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the completion of the purchase, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at approximately $2,290,212.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.
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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