Mattel (MAT) : Cornerstone Investment Partners reduced its stake in Mattel by 0.31% during the most recent quarter end. The investment management company now holds a total of 50,380 shares of Mattel which is valued at $1,510,392 after selling 155 shares in Mattel , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Mattel makes up approximately 0.07% of Cornerstone Investment Partners’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in MAT in the latest quarter, The investment management firm added 1,726 additional shares and now holds a total of 17,189 shares of Mattel which is valued at $515,326. Mattel makes up approx 0.02% of Msi Financial Services Inc’s portfolio.Elm Advisors reduced its stake in MAT by selling 250 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 9,133 shares of MAT which is valued at $268,876. Mattel makes up approx 0.25% of Elm Advisors’s portfolio.British Columbia Investment Management Corp reduced its stake in MAT by selling 35,120 shares or 18.58% in the most recent quarter. The Hedge Fund company now holds 153,898 shares of MAT which is valued at $4,530,757. Mattel makes up approx 0.05% of British Columbia Investment Management Corp’s portfolio.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.
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.