Economy

Granite Investment Advisors LLC Reduces Position in Mattel, Inc. (MAT)

(NASDAQ:MAT) for 250,052 shares. Qs Invsts Limited Liability Company has 13,812 shares for 0% of their portfolio.

Sasco Capital Inc, which manages about $6.25 billion and $3.99 billion US Long portfolio, decreased its stake in Herc Holdings Inc by 497,013 shares to 126,465 shares, valued at $5.08 million in 2016Q4, according to the filing.

A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in Mattel by 3,220.3% in the first quarter. The Brookstone Capital Management holds 172,502 shares with $4.75 million value, up from 128,142 last quarter.

As of quarter end California Public Employees Retirement System had acquired 14,300 shares growing its holdings by 1.6%. Moody National Bank Trust Division now owns 20,672 shares of the company's stock valued at $529,000 after buying an additional 57 shares during the period. Nationwide Fund Advisors raised its stake in shares of Mattel by 27.6% in the first quarter. The hedge fund held 160,617 shares of the package goods and cosmetics company at the end of 2016Q4, valued at $6.54 million, up from 148,265 at the end of the previous reported quarter. (NASDAQ:MAT) traded down 0.310% during trading on Friday, hitting $17.685. Finally, Anchor Capital Advisors LLC raised its stake in shares of Mattel by 3.0% in the first quarter. Concorde Asset Management LLC now owns 11,172 shares of the company's stock valued at $241,000 after buying an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 91.79% of the company's stock. Mattel, Inc. has a one year low of $17.65 and a one year high of $34.20. (NASDAQ:MAT). Korea Inv invested in 402 shares. On average, equities research analysts expect that Mattel, Inc. will post $0.80 earnings per share for the current fiscal year.

Shares last traded at $17.74 significantly below the 50 day moving average which is $20.44 and which is quite a bit below the 200 day moving average of $23.34.

Mattel (NASDAQ:MAT) last released its earnings results on Thursday, July 27th. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The business had revenue of $974.50 million during the quarter, compared to analyst estimates of $972.36 million. Mattel had a return on equity of 11.62% and a net margin of 4.51%. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by $0.05. During the same period past year, the business posted ($0.02) EPS. Additionally the company declared a dividend for shareholders to be paid on Friday the 15th of September 2017. Stockholders of record on Wednesday, August 23rd will be given a $0.15 dividend. As of the last earnings report the EPS was $0.70 and is expected to be $0.80 for the current year with 342,726,000 shares presently outstanding.

Now the shares of Mattel, Inc. The correct version of this piece can be accessed at https://www.baseball-news-blog.com/2017/08/11/mattel-inc-mat-shares-sold-by-farmers-merchants-investments-inc-updated-updated.html.

COPYRIGHT VIOLATION WARNING: This article was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & global trademark & copyright law.

Mattel, Inc. (NASDAQ:MAT) was the recipient of a significant increase in short interest in the month of July.

Several research firms recently weighed in on MAT. July 31 investment analysts at BMO Capital left the company rating at "Outperform" but moved down the price target to $25.00 from $33.00. UBS Group AG reissued a "buy" rating and issued a $29.00 target price on shares of Mattel in a report on Friday, May 19th. On Friday, July 28 the stock rating was maintained by Stifel Nicolaus with "Hold".

Mattel was downgraded by analysts at DA Davidson from a "neutral" rating to an "underperform" rating.

On June 15 the stock rating was downgraded from "Buy" to "Neutral" in a report from DA Davidson. They now have a $18.00 price target on the stock, down previously from $22.00.

In other news, CEO Mary Margaret Hasti Georgiadis bought 12,660 shares of the firm's stock in a transaction on Tuesday, August 1st. The shares were bought at an average cost of $19.61 per share, for a total transaction of $248,262.60. Following the transaction, the chief executive officer now directly owns 116,788 shares in the company, valued at $2,290,212.68. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.



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