Shell Asset Management Co. Purchases 11,030 Shares of Mattel, Inc. (MAT)

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Shell Asset Management Co. raised its position in Mattel, Inc. (NASDAQ:MAT) by 67.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,432 shares of the company’s stock after purchasing an additional 11,030 shares during the quarter. Shell Asset Management Co.’s holdings in Mattel were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Freestone Capital Holdings LLC acquired a new position in shares of Mattel during the 3rd quarter worth about $235,000. Credit Suisse AG raised its holdings in Mattel by 4.4% in the 3rd quarter. Credit Suisse AG now owns 1,485,144 shares of the company’s stock valued at $23,317,000 after acquiring an additional 62,976 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Mattel by 37.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 71,424 shares of the company’s stock valued at $1,123,000 after acquiring an additional 19,369 shares in the last quarter. CIBC World Markets Inc. acquired a new position in Mattel in the 3rd quarter valued at approximately $762,000. Finally, American International Group Inc. raised its holdings in Mattel by 5.5% in the 3rd quarter. American International Group Inc. now owns 148,828 shares of the company’s stock valued at $2,337,000 after acquiring an additional 7,735 shares in the last quarter.

MAT has been the subject of several recent research reports. Citigroup cut their price target on Mattel from $19.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. Consumer Edge initiated coverage on Mattel in a report on Monday, August 13th. They issued an “equal weight” rating for the company. Zacks Investment Research reaffirmed a “hold” rating on shares of Mattel in a report on Tuesday, November 13th. UBS Group set a $15.00 price target on Mattel and gave the company a “hold” rating in a report on Thursday, November 1st. Finally, BidaskClub raised Mattel from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Mattel currently has a consensus rating of “Hold” and an average price target of $14.70.

MAT stock opened at $13.43 on Friday. Mattel, Inc. has a 1-year low of $12.21 and a 1-year high of $18.88. The company has a market capitalization of $4.75 billion, a PE ratio of -12.44 and a beta of 1.09. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.21 and a current ratio of 1.70.

Mattel (NASDAQ:MAT) last released its quarterly earnings data on Thursday, October 25th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Mattel had a negative net margin of 17.99% and a negative return on equity of 65.25%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.51 billion. Analysts forecast that Mattel, Inc. will post -1.02 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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