Trust Investment Advisors Lowers stake in Mattel (MAT)

Mattel (MAT) : Trust Investment Advisors reduced its stake in Mattel by 8.07% during the most recent quarter end. The investment management company now holds a total of 64,765 shares of Mattel which is valued at $1,992,819 after selling 5,684 shares in Mattel , the firm said in a disclosure report filed with the SEC on May 2, 2016.Mattel makes up approximately 2.30% of Trust Investment Advisors’s portfolio.

Mattel opened for trading at $30.4 and hit $30.9 on the upside on Friday, eventually ending the session at $30.77, with a gain of 0.98% or 0.3 points. The heightened volatility saw the trading volume jump to 21,75,892 shares. Company has a market cap of $10,476 M.

Other Hedge Funds, Including , Nippon Life Insurance Co added MAT to its portfolio by purchasing 14,947 company shares during the most recent quarter which is valued at $459,919. Mattel makes up approx 0.01% of Nippon Life Insurance Co’s portfolio.Commonwealth Equity Services Inc reduced its stake in MAT by selling 2,739 shares or 2.77% in the most recent quarter. The Hedge Fund company now holds 95,984 shares of MAT which is valued at $2,984,143. Mattel makes up approx 0.03% of Commonwealth Equity Services Inc’s portfolio.Metlife Securities Inc boosted its stake in MAT in the latest quarter, The investment management firm added 2,339 additional shares and now holds a total of 10,308 shares of Mattel which is valued at $330,062. Mattel makes up approx 0.01% of Metlife Securities Inc’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in MAT in the latest quarter, The investment management firm added 3,440 additional shares and now holds a total of 101,150 shares of Mattel which is valued at $3,238,823. Mattel makes up approx 0.05% of Gulf International Bank (uk) Ltd’s portfolio.Sigma Planning Corp reduced its stake in MAT by selling 1,730 shares or 4.87% in the most recent quarter. The Hedge Fund company now holds 33,764 shares of MAT which is valued at $1,081,123. Mattel makes up approx 0.15% of Sigma Planning Corp’s portfolio.

On the company’s financial health, Mattel reported $-0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $-0.08. The company had revenue of $869.40 million for the quarter, compared to analysts expectations of $861.43 million. The company’s revenue was down -5.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.08 EPS.

Many Wall Street Analysts have commented on Mattel. JP Morgan Initiated Mattel on Apr 7, 2016 to “Overweight”, Price Target of the shares are set at $38.Mattel was Downgraded by Stifel to ” Hold” on Apr 6, 2016. Company shares were Reiterated by MKM Partners on Apr 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 33 from a previous price target of $26 .

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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