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 (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.
COPYRIGHT VIOLATION WARNING: “Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 33,000 Shares of Mattel, Inc. (MAT)” was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://weekherald.com/2019/02/11/fjarde-ap-fonden-fourth-swedish-national-pension-fund-sells-33000-shares-of-mattel-inc-mat.html.
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.
Further Reading: What is the float in trading stocks?
Want to see what other hedge funds are holding MAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mattel, Inc. (NASDAQ:MAT).
Receive News & Ratings for Mattel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel and related companies with MarketBeat.com's FREE daily email newsletter.