Kempen Capital Management N.v. Lowers stake in Mattel (MAT)

Mattel (MAT) : Kempen Capital Management N.v. reduced its stake in Mattel by 5.06% during the most recent quarter end. The investment management company now holds a total of 688,621 shares of Mattel which is valued at $23,454,431 after selling 36,666 shares in Mattel , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Mattel makes up approximately 2.63% of Kempen Capital Management N.v.’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies sold out all of its stake in MAT during the most recent quarter. The investment firm sold 1,545,700 shares of MAT which is valued $52,646,542. Pacad Investment Ltd. sold out all of its stake in MAT during the most recent quarter. The investment firm sold 16,116 shares of MAT which is valued $548,911.Hightower Advisors reduced its stake in MAT by selling 18,200 shares or 28.67% in the most recent quarter. The Hedge Fund company now holds 45,280 shares of MAT which is valued at $1,542,237. Mattel makes up approx 0.02% of Hightower Advisors’s portfolio.Td Asset Management Inc boosted its stake in MAT in the latest quarter, The investment management firm added 16,803 additional shares and now holds a total of 490,965 shares of Mattel which is valued at $16,668,262. Mattel makes up approx 0.03% of Td Asset Management Inc’s portfolio. Cribstone Capital Management added MAT to its portfolio by purchasing 56 company shares during the most recent quarter which is valued at $1,838.

Mattel (MAT) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $33.77 and reached the intraday high at $33.98. The bulls started the profit booking and pushed the shares to intraday low of $33.65. The trading session was marked by a volume range of 25,41,208 shares exchanging hands. The 52-week high of the shares is $34.76 and the 52-week low is $19.445. The market cap of the company stands at $11,479 M and there are 34,06,19,060 shares in public circulation.

On the company’s financial health, Mattel reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $-0.06. The company had revenue of $957.30 million for the quarter, compared to analysts expectations of $936.69 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

Many Wall Street Analysts have commented on Mattel. Company shares were Reiterated by MKM Partners on Jul 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 36 from a previous price target of $33 .

MATTEL INC. designs manufactures and markets a variety of toy products around the world which are sold to its customers and directly to consumers. The Company operates through three segments: North America which consists of the United States and Canada International and American Girl. The Company’s North America segment markets and sells toys in the United States and Canada through the Mattel Girls & Boys Brands Fisher-Price Brands and Construction and Arts & Crafts Brands categories. The Company’s International segment products are developed and marketed by the North America segment although some are developed or adapted for particular international markets. The Company’s American Girl segment is a direct marketer children’s publisher and retailer for its line of historical dolls books and accessories as well as the My American Girl and Bitty Baby brands. American Girl also publishes Advice & Activity books and American Girl magazine.

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