Mattel (MAT) : Elm Advisors reduced its stake in Mattel by 2.66% during the most recent quarter end. The investment management company now holds a total of 9,133 shares of Mattel which is valued at $268,876 after selling 250 shares in Mattel , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Mattel makes up approximately 0.25% of Elm Advisors’s portfolio.
Other Hedge Funds, Including , Atria Investments boosted its stake in MAT in the latest quarter, The investment management firm added 9,258 additional shares and now holds a total of 28,023 shares of Mattel which is valued at $824,997. Mattel makes up approx 0.08% of Atria Investments’s portfolio. Contravisory Investment Management added MAT to its portfolio by purchasing 480 company shares during the most recent quarter which is valued at $14,544.Oregon Public Employees Retirement Fund reduced its stake in MAT by selling 15,600 shares or 16.15% in the most recent quarter. The Hedge Fund company now holds 81,005 shares of MAT which is valued at $2,454,452. Mattel makes up approx 0.05% of Oregon Public Employees Retirement Fund’s portfolio.Advisory Services Network boosted its stake in MAT in the latest quarter, The investment management firm added 33,019 additional shares and now holds a total of 58,663 shares of Mattel which is valued at $1,763,410. Mattel makes up approx 0.34% of Advisory Services Network’s portfolio.Washington Trust Bank boosted its stake in MAT in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 1,851 shares of Mattel which is valued at $56,604. Mattel makes up approx 0.01% of Washington Trust Bank’s portfolio.
Mattel closed down -0.86 points or -2.84% at $29.44 with 33,98,934 shares getting traded on Tuesday. Post opening the session at $30.24, the shares hit an intraday low of $29.41 and an intraday high of $30.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. MKM Partners Upgraded Mattel on Oct 10, 2016 to ” Buy”, Price Target of the shares are set at $36.Monness Crespi & Hardt Upgraded Mattel on Sep 19, 2016 to ” Buy”, Price Target of the shares are set at $37.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.