Argent Capital Management LLC trimmed its holdings in shares of Mattel, Inc. (NASDAQ:MAT) by 18.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 393,922 shares of the company’s stock after selling 88,232 shares during the period. Argent Capital Management LLC owned about 0.11% of Mattel worth $8,481,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Cleararc Capital Inc. lifted its position in shares of Mattel by 0.8% in the 1st quarter. Cleararc Capital Inc. now owns 8,394 shares of the company’s stock valued at $215,000 after acquiring an additional 69 shares in the last quarter. Sentry Investment Management LLC lifted its position in shares of Mattel by 0.6% in the 1st quarter. Sentry Investment Management LLC now owns 25,692 shares of the company’s stock valued at $658,000 after acquiring an additional 145 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Mattel by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock valued at $456,000 after acquiring an additional 200 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Mattel by 1.3% in the 2nd quarter. Private Advisor Group LLC now owns 16,306 shares of the company’s stock valued at $341,000 after acquiring an additional 204 shares in the last quarter. Finally, Boyd Watterson Asset Management LLC OH lifted its position in shares of Mattel by 1.4% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 18,951 shares of the company’s stock valued at $408,000 after acquiring an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Mattel, Inc. (NASDAQ:MAT) traded down 0.06% during midday trading on Friday, reaching $15.55. 7,236,280 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $15.69 and its 200 day moving average is $20.39. The stock has a market cap of $5.33 billion, a P/E ratio of 22.31 and a beta of 0.86. Mattel, Inc. has a 1-year low of $14.35 and a 1-year high of $33.23.

Mattel (NASDAQ:MAT) last released its quarterly earnings results on Thursday, July 27th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.05). The company had revenue of $974.50 million during the quarter, compared to analyst estimates of $972.36 million. Mattel had a net margin of 4.51% and a return on equity of 11.62%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) EPS. Equities analysts anticipate that Mattel, Inc. will post $0.77 earnings per share for the current fiscal year.

In related news, CEO Mary Margaret Hasti Georgiadis purchased 12,660 shares of Mattel stock in a transaction dated Tuesday, August 1st. The stock was bought at an average price of $19.61 per share, for a total transaction of $248,262.60. Following the completion of the acquisition, the chief executive officer now directly owns 116,788 shares of the company’s stock, valued at $2,290,212.68. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

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Several brokerages recently commented on MAT. DA Davidson reduced their price target on shares of Mattel from $14.00 to $13.00 and set an “underperform” rating for the company in a research report on Friday, September 22nd. MKM Partners reduced their price target on shares of Mattel from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, July 3rd. BidaskClub downgraded shares of Mattel from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Jefferies Group LLC restated a “hold” rating and issued a $17.00 price target (down previously from $19.00) on shares of Mattel in a research report on Friday, July 28th. Finally, UBS AG restated a “buy” rating and issued a $23.00 price target on shares of Mattel in a research report on Saturday, September 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.12.

About Mattel

Mattel, Inc manufactures and markets a range of toy products around the world. The Company’s segments are North America; International, and American Girl. Its portfolio of brands and products are grouped into approximately four major brand categories, including Mattel Girls & Boys Brands, Fisher-Price Brands, American Girl Brands and Construction and Arts & Crafts Brands.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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