Mattel (MAT) Stake Raised by Amalgamated Bank

Amalgamated Bank lifted its position in shares of Mattel (NASDAQ:MAT) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,542 shares of the company’s stock after purchasing an additional 3,804 shares during the period. Amalgamated Bank’s holdings in Mattel were worth $670,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mengis Capital Management Inc. grew its stake in Mattel by 55.3% in the 4th quarter. Mengis Capital Management Inc. now owns 28,078 shares of the company’s stock valued at $431,000 after buying an additional 10,000 shares during the last quarter. Ascend Capital LLC acquired a new position in shares of Mattel during the 4th quarter worth approximately $2,376,000. Sasco Capital Inc. CT grew its position in shares of Mattel by 25.5% during the 4th quarter. Sasco Capital Inc. CT now owns 2,452,417 shares of the company’s stock worth $37,718,000 after purchasing an additional 498,790 shares in the last quarter. Tyvor Capital LLC acquired a new position in shares of Mattel during the 4th quarter worth approximately $2,902,000. Finally, Standard Life Aberdeen plc grew its position in shares of Mattel by 6.5% during the 4th quarter. Standard Life Aberdeen plc now owns 168,185 shares of the company’s stock worth $2,589,000 after purchasing an additional 10,311 shares in the last quarter. Institutional investors own 93.86% of the company’s stock.

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A number of brokerages have issued reports on MAT. Stifel Nicolaus decreased their target price on shares of Mattel from $15.50 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday. UBS decreased their target price on shares of Mattel from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, March 29th. BMO Capital Markets decreased their target price on shares of Mattel from $23.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 20th. BidaskClub lowered shares of Mattel from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 20th. Finally, Jefferies Group set a $12.00 price target on shares of Mattel and gave the stock a “sell” rating in a report on Thursday, March 15th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.50.

NASDAQ:MAT traded down $0.12 on Friday, hitting $13.12. The company had a trading volume of 3,187,266 shares, compared to its average volume of 6,603,612. The company has a market cap of $4,553.54, a price-to-earnings ratio of -12.15 and a beta of 1.01. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.92 and a quick ratio of 1.55. Mattel has a 52 week low of $12.71 and a 52 week high of $25.97.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, February 1st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.93). The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. Mattel’s revenue was down 12.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. analysts expect that Mattel will post -0.07 EPS for the current year.

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Mattel Profile

Mattel, Inc designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers Mattel Girls & Boys branded products, including Barbie dolls and accessories, Monster High, DC Super Hero Girls, Enchantimals, Polly Pocket, Hot Wheels and Matchbox vehicles and play sets, CARS, DC Comics, WWE Wrestling, Minecraft, Toy Story, and games and puzzles.

Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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