Bluemountain Capital Management buys $80,495,803 stake in Mattel (MAT)

Mattel (MAT) : Bluemountain Capital Management scooped up 4,423 additional shares in Mattel during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,514,708 shares of Mattel which is valued at $80,495,803.Mattel makes up approximately 2.63% of Bluemountain Capital Management’s portfolio.

Other Hedge Funds, Including , Earnest Partners reduced its stake in MAT by selling 76 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 328,550 shares of MAT which is valued at $10,516,886. Mattel makes up approx 0.11% of Earnest Partners’s portfolio.Wellesley Investment Partners reduced its stake in MAT by selling 2,022 shares or 14.07% in the most recent quarter. The Hedge Fund company now holds 12,344 shares of MAT which is valued at $387,478. Mattel makes up approx 0.20% of Wellesley Investment Partners’s portfolio.Sprucegrove Investment Management Ltd reduced its stake in MAT by selling 135,800 shares or 8.97% in the most recent quarter. The Hedge Fund company now holds 1,378,700 shares of MAT which is valued at $42,532,895. Mattel makes up approx 1.78% of Sprucegrove Investment Management Ltd’s portfolio.First Trust Advisors Lp boosted its stake in MAT in the latest quarter, The investment management firm added 213,579 additional shares and now holds a total of 812,987 shares of Mattel which is valued at $25,121,298. Mattel makes up approx 0.08% of First Trust Advisors Lp’s portfolio.Penn Davis Mcfarland Inc reduced its stake in MAT by selling 27,314 shares or 5.47% in the most recent quarter. The Hedge Fund company now holds 471,699 shares of MAT which is valued at $14,443,423. Mattel makes up approx 3.96% of Penn Davis Mcfarland Inc’s portfolio.

Mattel closed down -1.29 points or -4.06% at $30.52 with 37,33,871 shares getting traded on Monday. Post opening the session at $31.32, the shares hit an intraday low of $30.49 and an intraday high of $31.47 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Mattel reported $0.69 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 19, 2016. Analyst had a consensus of $0.71. The company had revenue of $1795.60 million for the quarter, compared to analysts expectations of $1761.11 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on Mattel. Company shares were Reiterated by B. Riley & Co. on Oct 20, 2016 to “Buy”, Firm has raised the Price Target to $ 41 from a previous price target of $38 .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.

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.

Leave a Reply

Mattel - Is it time to Sell?

Top Brokerage Firms are advising their investors on Mattel. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.