Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 33,000 Shares of Mattel, Inc. (MAT)

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Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in shares of Mattel, Inc. (NASDAQ:MAT) by 32.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,422 shares of the company’s stock after selling 33,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Mattel were worth $674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Federated Investors Inc. PA bought a new stake in Mattel during the third quarter valued at about $83,000. Caption Management LLC bought a new stake in Mattel during the fourth quarter valued at about $100,000. Korea Investment CORP bought a new stake in Mattel during the third quarter valued at about $212,000. Monarch Capital Management Inc. boosted its position in Mattel by 38.1% during the fourth quarter. Monarch Capital Management Inc. now owns 14,500 shares of the company’s stock valued at $145,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Freestone Capital Holdings LLC bought a new stake in Mattel during the third quarter valued at about $235,000.

MAT has been the subject of a number of research analyst reports. Jefferies Financial Group set a $13.00 price target on Mattel and gave the company a “hold” rating in a research note on Sunday, October 28th. BidaskClub upgraded Mattel from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Wells Fargo & Co decreased their price target on Mattel from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, December 4th. Cfra cut Mattel to a “sell” rating and set a $13.00 price target for the company. in a research note on Friday. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Mattel in a research note on Tuesday, November 13th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.08.

Mattel stock opened at $15.23 on Monday. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.70 and a quick ratio of 1.21. Mattel, Inc. has a one year low of $9.09 and a one year high of $18.02. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of -13.36, a price-to-earnings-growth ratio of 114.23 and a beta of 1.38.

Mattel (NASDAQ:MAT) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.15. Mattel had a negative return on equity of 42.04% and a negative net margin of 11.77%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the business posted ($0.72) earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, equities analysts predict that Mattel, Inc. will post 0.01 earnings per share for the current year.

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About Mattel

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.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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