National Bank of Canada FI Trims Stake in Mattel, Inc. (NASDAQ:MAT)

National Bank of Canada FI trimmed its position in Mattel, Inc. (NASDAQ:MAT) by 6.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 43,143 shares of the company’s stock after selling 2,746 shares during the quarter. National Bank of Canada FI’s holdings in Mattel were worth $822,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MAT. Nisa Investment Advisors LLC increased its holdings in Mattel by 2.8% during the third quarter. Nisa Investment Advisors LLC now owns 25,795 shares of the company’s stock valued at $491,000 after buying an additional 693 shares during the period. GAMMA Investing LLC raised its position in shares of Mattel by 38.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,797 shares of the company’s stock worth $53,000 after acquiring an additional 775 shares in the last quarter. CWM LLC lifted its stake in shares of Mattel by 71.0% during the 2nd quarter. CWM LLC now owns 2,641 shares of the company’s stock worth $43,000 after purchasing an additional 1,097 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Mattel by 3.0% during the third quarter. State of Alaska Department of Revenue now owns 39,484 shares of the company’s stock valued at $752,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Mattel by 143.2% in the second quarter. Blue Trust Inc. now owns 2,072 shares of the company’s stock valued at $34,000 after purchasing an additional 1,220 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

Mattel Stock Down 2.3 %

Shares of MAT stock opened at $18.87 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. Mattel, Inc. has a fifty-two week low of $15.87 and a fifty-two week high of $20.59. The firm has a market capitalization of $6.36 billion, a PE ratio of 11.79, a P/E/G ratio of 0.99 and a beta of 0.76. The stock’s 50-day simple moving average is $19.07 and its 200-day simple moving average is $18.47.

Mattel (NASDAQ:MAT) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.19. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. Mattel’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 EPS. Equities analysts expect that Mattel, Inc. will post 1.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Morgan Stanley increased their price target on shares of Mattel from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Jefferies Financial Group lifted their price target on shares of Mattel from $18.25 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, October 1st. DA Davidson reaffirmed a “buy” rating and set a $27.00 price target on shares of Mattel in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised their price objective on Mattel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, StockNews.com lowered Mattel from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $23.75.

About Mattel

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.