Campbell & CO Investment Adviser LLC Trims Stake in Mattel, Inc. $MAT

Campbell & CO Investment Adviser LLC cut its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 74.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,110 shares of the company’s stock after selling 126,307 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Mattel were worth $726,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. EdgePoint Investment Group Inc. lifted its position in shares of Mattel by 12.9% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 40,823,584 shares of the company’s stock valued at $805,041,000 after buying an additional 4,665,541 shares in the last quarter. Ariel Investments LLC raised its stake in Mattel by 2.6% during the 2nd quarter. Ariel Investments LLC now owns 14,220,786 shares of the company’s stock worth $280,434,000 after acquiring an additional 362,671 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in Mattel by 0.6% during the second quarter. Frontier Capital Management Co. LLC now owns 8,980,205 shares of the company’s stock valued at $177,090,000 after purchasing an additional 55,916 shares in the last quarter. LSV Asset Management lifted its holdings in Mattel by 22.0% during the second quarter. LSV Asset Management now owns 5,699,638 shares of the company’s stock valued at $112,397,000 after purchasing an additional 1,026,496 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Mattel by 8.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,621,561 shares of the company’s stock worth $110,857,000 after purchasing an additional 421,580 shares during the period. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MAT. Zacks Research cut shares of Mattel from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Seaport Res Ptn upgraded Mattel to a “hold” rating in a research note on Monday, November 10th. DA Davidson lowered their price objective on Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. The Goldman Sachs Group lowered Mattel from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research note on Friday, January 9th. Finally, Roth Capital set a $20.00 target price on Mattel and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $23.50.

Mattel Stock Down 1.9%

MAT opened at $20.63 on Wednesday. The company has a market capitalization of $6.41 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.24 and a beta of 0.69. The firm has a 50-day simple moving average of $20.45 and a two-hundred day simple moving average of $18.99. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77. Mattel, Inc. has a 52 week low of $13.94 and a 52 week high of $22.25.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.16). The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a return on equity of 20.60% and a net margin of 8.27%.The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share. Analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.

Mattel Company Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.