River & Mercantile Asset Management LLP Trims Position in Mattel, Inc. (NASDAQ:MAT)

River & Mercantile Asset Management LLP lessened its stake in Mattel, Inc. (NASDAQ:MAT – Get Rating) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,090 shares of the company’s stock after selling 1,000 shares during the period. River & Mercantile Asset Management LLP’s holdings in Mattel were worth $911,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MAT. Price T Rowe Associates Inc. MD grew its holdings in Mattel by 18.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,823,993 shares of the company’s stock worth $308,690,000 after acquiring an additional 2,170,439 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in Mattel during the 3rd quarter worth about $35,094,000. Ion Asset Management Ltd. grew its holdings in Mattel by 2,303.4% during the 3rd quarter. Ion Asset Management Ltd. now owns 1,201,694 shares of the company’s stock worth $22,760,000 after acquiring an additional 1,151,694 shares in the last quarter. Bank of Montreal Can grew its holdings in Mattel by 55.6% during the 3rd quarter. Bank of Montreal Can now owns 2,556,392 shares of the company’s stock worth $53,428,000 after acquiring an additional 913,088 shares in the last quarter. Finally, Capital International Investors grew its holdings in Mattel by 6.3% during the 1st quarter. Capital International Investors now owns 11,648,917 shares of the company’s stock worth $258,722,000 after acquiring an additional 693,226 shares in the last quarter. Hedge funds and other institutional investors own 96.93% of the company’s stock.

Mattel Stock Up 3.9 %

MAT stock opened at $16.62 on Friday. The firm has a 50 day moving average of $19.05 and a 200 day moving average of $19.03. The stock has a market capitalization of $5.91 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 4.22 and a beta of 1.20. The company has a quick ratio of 1.54, a current ratio of 2.30 and a debt-to-equity ratio of 1.13. Mattel, Inc. has a 52 week low of $15.36 and a 52 week high of $26.99.

Mattel (NASDAQ:MAT – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Mattel had a return on equity of 24.47% and a net margin of 7.25%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The business’s quarterly revenue was down 21.9% compared to the same quarter last year. Sell-side analysts forecast that Mattel, Inc. will post 1.15 earnings per share for the current year.

Analyst Ratings Changes

MAT has been the topic of several recent research reports. The Goldman Sachs Group dropped their target price on shares of Mattel from $26.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, February 10th. TheStreet cut shares of Mattel from a “b-” rating to a “c+” rating in a report on Wednesday, March 1st. Bank of America lowered their price target on shares of Mattel from $26.00 to $21.00 in a report on Friday, February 10th. Roth Capital restated a “buy” rating on shares of Mattel in a report on Thursday, February 9th. Finally, UBS Group lowered their price target on shares of Mattel from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 16th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.

About Mattel

(Get Rating)

Mattel, Inc engages in the ownership of children’s and family entertainment franchises. It operates through the following segments: North America, International, and American Girl. The North America and International segments focus on marketing and selling toys and consumer products. The American Girl segment includes marketing, retailing, and publishing dedicated to its mission to help girls grow up with confidence and character.