Speece Thorson Capital Group Inc. lifted its position in shares of Mattel, Inc. (NASDAQ:MAT) by 15.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 817,010 shares of the company’s stock after purchasing an additional 108,895 shares during the quarter. Mattel comprises approximately 2.6% of Speece Thorson Capital Group Inc.’s holdings, making the stock its 18th largest holding. Speece Thorson Capital Group Inc. owned approximately 0.24% of Mattel worth $12,647,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Thrivent Financial For Lutherans lifted its position in Mattel by 5.8% during the 1st quarter. Thrivent Financial For Lutherans now owns 12,640 shares of the company’s stock worth $324,000 after acquiring an additional 690 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Mattel by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,345,746 shares of the company’s stock worth $34,463,000 after acquiring an additional 11,301 shares in the last quarter. KCG Holdings Inc. lifted its position in Mattel by 84.2% during the 1st quarter. KCG Holdings Inc. now owns 30,972 shares of the company’s stock worth $793,000 after acquiring an additional 14,158 shares in the last quarter. HighTower Advisors LLC lifted its position in Mattel by 1.2% during the 1st quarter. HighTower Advisors LLC now owns 51,921 shares of the company’s stock worth $1,345,000 after acquiring an additional 600 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in Mattel by 930.8% during the 1st quarter. Bank of Nova Scotia now owns 78,515 shares of the company’s stock worth $2,011,000 after acquiring an additional 70,898 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.
Shares of Mattel, Inc. (NASDAQ MAT) traded up 9.29% on Monday, reaching $15.30. The company had a trading volume of 21,928,861 shares. The company’s 50-day moving average is $15.40 and its 200 day moving average is $19.35. Mattel, Inc. has a 12 month low of $12.71 and a 12 month high of $32.48. The firm has a market capitalization of $5.24 billion, a PE ratio of 21.95 and a beta of 0.86.
Mattel (NASDAQ:MAT) last posted its earnings results on Thursday, October 26th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.49). The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. Mattel’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 EPS. Equities analysts forecast that Mattel, Inc. will post $0.69 earnings per share for the current year.
MAT has been the topic of a number of recent analyst reports. Jefferies Group LLC set a $13.00 target price on Mattel and gave the company a “hold” rating in a research report on Sunday. KeyCorp reaffirmed a “hold” rating on shares of Mattel in a research report on Sunday. Stifel Nicolaus cut their target price on Mattel from $19.00 to $17.00 and set a “hold” rating on the stock in a research report on Thursday, October 12th. MKM Partners cut their target price on Mattel from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, July 3rd. Finally, BidaskClub lowered Mattel from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Mattel currently has an average rating of “Hold” and an average target price of $21.79.
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In other Mattel news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased at an average cost of $19.61 per share, with a total value of $248,262.60. Following the acquisition, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at approximately $2,290,212.68. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is owned by company insiders.
Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.
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