Apertura Capital Lowers stake in Mattel (MAT)

Mattel (MAT) : Apertura Capital reduced its stake in Mattel by 60.0% during the most recent quarter end. The investment management company now holds a total of 80,000 shares of Mattel which is valued at $2,729,600 after selling 120,000 shares in Mattel , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Mattel makes up approximately 3.95% of Apertura Capital’s portfolio.

Other Hedge Funds, Including , Teacher Retirement System Of Texas reduced its stake in MAT by selling 7,009 shares or 16.19% in the most recent quarter. The Hedge Fund company now holds 36,277 shares of MAT which is valued at $1,235,595. Mattel makes up approx 0.01% of Teacher Retirement System Of Texas’s portfolio.Simmons Bank boosted its stake in MAT in the latest quarter, The investment management firm added 4,348 additional shares and now holds a total of 51,645 shares of Mattel which is valued at $1,690,341. Mattel makes up approx 0.19% of Simmons Bank’s portfolio.Agf Investments boosted its stake in MAT in the latest quarter, The investment management firm added 97,130 additional shares and now holds a total of 196,887 shares of Mattel which is valued at $6,444,112. Mattel makes up approx 0.07% of Agf Investments’s portfolio.Goelzer Investment Management boosted its stake in MAT in the latest quarter, The investment management firm added 2,735 additional shares and now holds a total of 128,590 shares of Mattel which is valued at $4,212,608. Mattel makes up approx 0.56% of Goelzer Investment Management’s portfolio.Dynamic Advisors Solutions reduced its stake in MAT by selling 111,706 shares or 92.57% in the most recent quarter. The Hedge Fund company now holds 8,961 shares of MAT which is valued at $293,562. Mattel makes up approx 0.12% of Dynamic Advisors Solutions’s portfolio.

Mattel closed down -0.04 points or -0.12% at $33.64 with 15,91,808 shares getting traded on Wednesday. Post opening the session at $33.74, the shares hit an intraday low of $33.41 and an intraday high of $33.745 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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