DNB Asset Management AS lowered its stake in shares of Mattel Inc (NASDAQ:MAT) by 8.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 30,763 shares of the company’s stock after selling 2,938 shares during the period. DNB Asset Management AS’s holdings in Mattel were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its stake in Mattel by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 36,050,367 shares of the company’s stock valued at $565,991,000 after purchasing an additional 568,489 shares during the last quarter. Vanguard Group Inc. boosted its stake in Mattel by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 36,050,367 shares of the company’s stock valued at $565,991,000 after purchasing an additional 568,489 shares during the last quarter. BlackRock Inc. boosted its stake in Mattel by 1.5% during the 4th quarter. BlackRock Inc. now owns 30,506,609 shares of the company’s stock valued at $304,761,000 after purchasing an additional 460,247 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mattel by 6.0% in the 4th quarter. Geode Capital Management LLC now owns 4,880,401 shares of the company’s stock worth $48,678,000 after buying an additional 277,605 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Mattel by 2.4% in the 4th quarter. Northern Trust Corp now owns 3,938,499 shares of the company’s stock worth $39,345,000 after buying an additional 90,595 shares during the last quarter.

NASDAQ:MAT opened at $12.49 on Friday. The company has a debt-to-equity ratio of 4.26, a current ratio of 1.88 and a quick ratio of 1.44. Mattel Inc has a 12 month low of $9.09 and a 12 month high of $17.98.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, February 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.15. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Mattel had a negative net margin of 11.77% and a negative return on equity of 43.47%. Mattel’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.72) EPS. On average, research analysts predict that Mattel Inc will post -0.39 earnings per share for the current fiscal year.

In related news, CEO Ynon Kreiz purchased 71,425 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were bought at an average price of $14.02 per share, with a total value of $1,001,378.50. Following the acquisition, the chief executive officer now owns 71,425 shares of the company’s stock, valued at approximately $1,001,378.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Dolan bought 30,000 shares of the stock in a transaction on Friday, February 22nd. The shares were acquired at an average cost of $13.96 per share, for a total transaction of $418,800.00. Following the acquisition, the director now directly owns 130,920 shares in the company, valued at $1,827,643.20. The disclosure for this purchase can be found here. Insiders purchased a total of 129,425 shares of company stock worth $1,807,179 in the last ninety days. 1.60% of the stock is currently owned by insiders.

A number of equities analysts have recently weighed in on MAT shares. SunTrust Banks restated a “hold” rating and issued a $13.00 target price on shares of Mattel in a research note on Monday, December 24th. BidaskClub upgraded Mattel from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 9th. Cfra downgraded Mattel to a “sell” rating and set a $13.00 target price on the stock. in a research note on Friday, February 8th. MKM Partners boosted their target price on Mattel to $15.00 and gave the stock a “neutral” rating in a research note on Monday, February 11th. Finally, Zacks Investment Research upgraded Mattel from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Wednesday, February 13th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Mattel currently has a consensus rating of “Hold” and an average price target of $14.46.

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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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