Gabelli Funds LLC Sells 20,500 Shares of Mattel Inc (MAT)

Gabelli Funds LLC lessened its holdings in Mattel Inc (NASDAQ:MAT) by 30.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,000 shares of the company’s stock after selling 20,500 shares during the period. Gabelli Funds LLC’s holdings in Mattel were worth $611,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Legacy Advisors LLC acquired a new stake in shares of Mattel in the 1st quarter valued at $39,000. CSat Investment Advisory L.P. raised its holdings in shares of Mattel by 112.4% in the 4th quarter. CSat Investment Advisory L.P. now owns 5,198 shares of the company’s stock valued at $52,000 after purchasing an additional 2,751 shares in the last quarter. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Mattel in the 1st quarter valued at $400,000. Delta Asset Management LLC TN raised its holdings in shares of Mattel by 19.2% in the 4th quarter. Delta Asset Management LLC TN now owns 7,100 shares of the company’s stock valued at $71,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Ffcm LLC raised its holdings in shares of Mattel by 149.7% in the 4th quarter. Ffcm LLC now owns 7,802 shares of the company’s stock valued at $78,000 after purchasing an additional 4,678 shares in the last quarter.

Shares of NASDAQ:MAT opened at $10.83 on Friday. Mattel Inc has a 12 month low of $9.09 and a 12 month high of $17.98. The company has a current ratio of 1.88, a quick ratio of 1.27 and a debt-to-equity ratio of 5.50. The firm has a market cap of $3.74 billion, a P/E ratio of -9.50 and a beta of 1.41.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Thursday, April 25th. The company reported ($0.44) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.56) by $0.12. Mattel had a negative net margin of 8.98% and a negative return on equity of 42.68%. The firm had revenue of $689.20 million for the quarter, compared to analyst estimates of $652.36 million. During the same period last year, the business earned ($0.60) EPS. Mattel’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts expect that Mattel Inc will post -0.54 EPS for the current fiscal year.

MAT has been the topic of a number of analyst reports. Cfra lowered shares of Mattel to a “sell” rating and set a $13.00 price objective on the stock. in a report on Friday, February 8th. MKM Partners lifted their price target on shares of Mattel to $15.00 and gave the stock a “neutral” rating in a research note on Monday, February 11th. BidaskClub upgraded shares of Mattel from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Zacks Investment Research upgraded shares of Mattel from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, February 13th. Finally, ValuEngine upgraded shares of Mattel from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Mattel currently has an average rating of “Hold” and a consensus price target of $14.31.

In other Mattel news, Director Roger Lynch acquired 8,000 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were bought at an average cost of $13.50 per share, for a total transaction of $108,000.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at approximately $108,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ynon Kreiz acquired 71,425 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was acquired at an average price of $14.02 per share, for a total transaction of $1,001,378.50. Following the completion of the purchase, the chief executive officer now owns 71,425 shares of the company’s stock, valued at approximately $1,001,378.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 129,425 shares of company stock worth $1,807,179. 1.00% of the stock is currently owned by company insiders.

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Mattel Profile

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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