Mattel (MAT) : Absolute Return Capital reduced its stake in Mattel by 51.63% during the most recent quarter end. The investment management company now holds a total of 678,014 shares of Mattel which is valued at $23,093,157 after selling 723,739 shares in Mattel , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Mattel makes up approximately 1.33% of Absolute Return Capital’s portfolio.
Other Hedge Funds, Including , New York Life Trust Co reduced its stake in MAT by selling 1,224 shares or 44.44% in the most recent quarter. The Hedge Fund company now holds 1,530 shares of MAT which is valued at $52,112. Mattel makes up approx 0.24% of New York Life Trust Co’s portfolio.Fairpointe Capital reduced its stake in MAT by selling 585,263 shares or 13.11% in the most recent quarter. The Hedge Fund company now holds 3,878,366 shares of MAT which is valued at $132,097,146. Mattel makes up approx 2.74% of Fairpointe Capital’s portfolio.California Public Employees Retirement System reduced its stake in MAT by selling 46,300 shares or 4.16% in the most recent quarter. The Hedge Fund company now holds 1,067,553 shares of MAT which is valued at $34,941,010. Mattel makes up approx 0.05% of California Public Employees Retirement System’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. Morgan Dempsey Capital Management added MAT to its portfolio by purchasing 64 company shares during the most recent quarter which is valued at $2,136.
Mattel opened for trading at $33.17 and hit $33.329 on the upside on Thursday, eventually ending the session at $33.16, with a gain of 0.09% or 0.03 points. The heightened volatility saw the trading volume jump to 19,08,694 shares. Company has a market cap of $11,295 M.
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 Companys 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 Companys International segment products are developed and marketed by the North America segment although some are developed or adapted for particular international markets. The Companys American Girl segment is a direct marketer childrens 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.