Mattel, Inc. (MAT) Shares Sold by AMG Funds LLC

AMG Funds LLC trimmed its position in shares of Mattel, Inc. (NASDAQ:MAT) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,905 shares of the company’s stock after selling 21,518 shares during the quarter. AMG Funds LLC’s holdings in Mattel were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Pacifica Capital Investments LLC grew its stake in Mattel by 191.4% during the fourth quarter. Pacifica Capital Investments LLC now owns 402,704 shares of the company’s stock worth $6,194,000 after buying an additional 264,494 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Mattel by 13.8% during the fourth quarter. California Public Employees Retirement System now owns 1,131,951 shares of the company’s stock worth $17,409,000 after purchasing an additional 136,876 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Mattel during the fourth quarter worth approximately $1,449,000. Regal Investment Advisors LLC acquired a new position in shares of Mattel during the fourth quarter worth approximately $1,811,000. Finally, Parnassus Investments CA lifted its position in shares of Mattel by 33.2% during the fourth quarter. Parnassus Investments CA now owns 21,391,928 shares of the company’s stock worth $329,008,000 after purchasing an additional 5,327,564 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on MAT. ValuEngine lowered shares of Mattel from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. BidaskClub upgraded shares of Mattel from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 15th. Stifel Nicolaus reiterated a “hold” rating and set a $14.00 target price (down from $34.00) on shares of Mattel in a research report on Wednesday, December 13th. TheStreet lowered shares of Mattel from a “c” rating to a “d” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Mattel from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Thirteen analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Mattel has a consensus rating of “Hold” and an average price target of $19.00.

Mattel, Inc. (NASDAQ MAT) opened at $17.27 on Friday. Mattel, Inc. has a twelve month low of $12.71 and a twelve month high of $26.30. The firm has a market cap of $5,940.00, a P/E ratio of -5.64, a P/E/G ratio of 13.36 and a beta of 1.00. The company has a quick ratio of 1.55, a current ratio of 1.92 and a debt-to-equity ratio of 2.28.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.72) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.93). Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the company earned $0.52 earnings per share. The company’s quarterly revenue was down 12.2% on a year-over-year basis. equities analysts predict that Mattel, Inc. will post 0.13 EPS for the current fiscal year.

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Mattel Company Profile

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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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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