Synovus Financial Corp reduced its stake in shares of Mattel, Inc. (NASDAQ:MAT) by 93.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,887 shares of the company’s stock after selling 167,774 shares during the quarter. Synovus Financial Corp’s holdings in Mattel were worth $169,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System grew its position in shares of Mattel by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock valued at $456,000 after purchasing an additional 200 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Mattel by 2.9% in the second quarter. CIBC Asset Management Inc now owns 48,698 shares of the company’s stock valued at $1,048,000 after purchasing an additional 1,386 shares during the last quarter. Retirement Systems of Alabama grew its position in shares of Mattel by 0.3% in the second quarter. Retirement Systems of Alabama now owns 166,090 shares of the company’s stock valued at $3,576,000 after purchasing an additional 558 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Mattel by 231.1% in the second quarter. Canada Pension Plan Investment Board now owns 227,050 shares of the company’s stock valued at $4,888,000 after purchasing an additional 158,484 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Mattel by 7.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,759,364 shares of the company’s stock valued at $37,880,000 after purchasing an additional 126,497 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Mattel, Inc. (MAT) opened at $15.04 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.89 and a current ratio of 1.32. The stock has a market cap of $5,290.00, a P/E ratio of 102.60, a P/E/G ratio of 39.57 and a beta of 1.00. Mattel, Inc. has a one year low of $12.71 and a one year high of $31.60.

Mattel (NASDAQ:MAT) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.49). The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Mattel had a positive return on equity of 2.51% and a negative net margin of 11.73%. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 EPS. research analysts forecast that Mattel, Inc. will post 0.04 EPS for the current fiscal year.

MAT has been the topic of several research reports. Jefferies Group set a $13.00 price target on shares of Mattel and gave the company a “hold” rating in a research report on Sunday, October 29th. BidaskClub downgraded shares of Mattel from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Monness Crespi & Hardt upped their price objective on shares of Mattel from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. ValuEngine raised shares of Mattel from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, DA Davidson raised shares of Mattel from an “underperform” rating to a “neutral” rating and set a $12.00 price objective on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Mattel currently has a consensus rating of “Hold” and an average price target of $21.79.

COPYRIGHT VIOLATION NOTICE: “Mattel, Inc. (MAT) Holdings Trimmed by Synovus Financial Corp” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/10/mattel-inc-mat-holdings-trimmed-by-synovus-financial-corp.html.

Mattel Company Profile

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.

Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

Receive News & Stock Ratings for Mattel Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattel Inc. and related stocks with our FREE daily email newsletter.