Wellesley Investment Partners buys $489,306 stake in Mattel (MAT)

Mattel (MAT) : Wellesley Investment Partners scooped up 1,038 additional shares in Mattel during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 14,366 shares of Mattel which is valued at $489,306.Mattel makes up approximately 0.26% of Wellesley Investment Partners’s portfolio.

Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. boosted its stake in MAT in the latest quarter, The investment management firm added 96,138 additional shares and now holds a total of 9,284,341 shares of Mattel which is valued at $316,224,654. Mattel makes up approx 0.05% of Blackrock Institutional Trust Company N.a.’s portfolio.Investment Centers Of America Inc reduced its stake in MAT by selling 4,114 shares or 7.61% in the most recent quarter. The Hedge Fund company now holds 49,974 shares of MAT which is valued at $1,702,114. Mattel makes up approx 0.11% of Investment Centers Of America Inc’s portfolio.Penserra Capital Management boosted its stake in MAT in the latest quarter, The investment management firm added 17,357 additional shares and now holds a total of 19,761 shares of Mattel which is valued at $674,245. Mattel makes up approx 0.09% of Penserra Capital Management’s portfolio.Janney Montgomery Scott boosted its stake in MAT in the latest quarter, The investment management firm added 1,918 additional shares and now holds a total of 21,451 shares of Mattel which is valued at $728,261. Mattel makes up approx 0.01% of Janney Montgomery Scott’s portfolio.State Treasurer State Of Michigan boosted its stake in MAT in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 118,289 shares of Mattel which is valued at $3,871,599. Mattel makes up approx 0.03% of State Treasurer State Of Michigan’s portfolio.

Mattel closed down -0.51 points or -1.53% at $32.87 with 21,48,166 shares getting traded on Friday. Post opening the session at $32.91, the shares hit an intraday low of $32.73 and an intraday high of $33.13 and the price fluctuated in this range throughout the day.Shares ended Friday 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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