Schroder Investment Management Group decreased its holdings in Mattel, Inc. (NASDAQ:MAT) by 10.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 227,548 shares of the company’s stock after selling 25,800 shares during the quarter. Schroder Investment Management Group owned 0.07% of Mattel worth $3,415,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Legal & General Group Plc increased its position in shares of Mattel by 6.4% during the 3rd quarter. Legal & General Group Plc now owns 1,967,473 shares of the company’s stock worth $30,454,000 after purchasing an additional 118,877 shares in the last quarter. Olstein Capital Management L.P. grew its holdings in Mattel by 375.4% during the 3rd quarter. Olstein Capital Management L.P. now owns 539,160 shares of the company’s stock worth $8,346,000 after acquiring an additional 425,760 shares during the last quarter. Cornerstone Investment Partners LLC grew its holdings in Mattel by 12.6% during the 3rd quarter. Cornerstone Investment Partners LLC now owns 70,430 shares of the company’s stock worth $1,090,000 after acquiring an additional 7,856 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Mattel by 399.4% during the 3rd quarter. Pacer Advisors Inc. now owns 57,563 shares of the company’s stock worth $891,000 after acquiring an additional 46,036 shares during the last quarter. Finally, AE Wealth Management LLC grew its holdings in Mattel by 36.8% during the 3rd quarter. AE Wealth Management LLC now owns 68,209 shares of the company’s stock worth $1,056,000 after acquiring an additional 18,349 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

A number of equities research analysts have commented on MAT shares. Monness Crespi & Hardt increased their price objective on shares of Mattel from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. TheStreet lowered shares of Mattel from a “c” rating to a “d” rating in a report on Thursday, October 26th. BMO Capital Markets increased their price objective on shares of Mattel from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. BidaskClub lowered shares of Mattel from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Finally, Jefferies Group reissued a “hold” rating and set a $17.00 price objective on shares of Mattel in a report on Thursday, September 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.54.

Mattel, Inc. (NASDAQ:MAT) opened at $14.62 on Wednesday. The stock has a market cap of $5,283.12, a PE ratio of 102.47, a PEG ratio of 39.52 and a beta of 1.00. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.89. Mattel, Inc. has a one year low of $12.71 and a one year high of $31.60.

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

COPYRIGHT VIOLATION NOTICE: “Schroder Investment Management Group Sells 25,800 Shares of Mattel, Inc. (MAT)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/12/13/schroder-investment-management-group-sells-25800-shares-of-mattel-inc-mat.html.

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.

Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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