American Century Companies Inc. trimmed its holdings in Mattel, Inc. (NASDAQ:MAT) by 78.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,055,813 shares of the company’s stock after selling 7,596,503 shares during the period. American Century Companies Inc.’s holdings in Mattel were worth $31,618,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MAT. Zeke Capital Advisors LLC acquired a new stake in Mattel in the 3rd quarter worth about $163,000. Hartland & Co. LLC acquired a new stake in Mattel in the 3rd quarter worth about $165,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Mattel in the 4th quarter worth about $206,000. National Asset Management Inc. acquired a new stake in Mattel in the 2nd quarter worth about $213,000. Finally, Vident Investment Advisory LLC acquired a new stake in Mattel in the 3rd quarter worth about $236,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on MAT. BidaskClub downgraded Mattel from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Jefferies Group set a $14.00 price objective on Mattel and gave the stock a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded Mattel from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 26th. Barclays raised their price objective on Mattel from $15.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, February 5th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $16.00 price objective on shares of Mattel in a report on Monday, January 29th. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Mattel presently has an average rating of “Hold” and a consensus price target of $19.00.

Shares of Mattel, Inc. (NASDAQ:MAT) opened at $16.36 on Wednesday. The company has a market capitalization of $5,620.00, a PE ratio of -5.35, a P/E/G ratio of 14.42 and a beta of 1.00. The company has a current ratio of 1.92, a quick ratio of 1.55 and a debt-to-equity ratio of 2.28. Mattel, Inc. has a twelve month low of $12.71 and a twelve month high of $26.30.

Mattel (NASDAQ:MAT) last announced its earnings results on Thursday, February 1st. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.93). The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Mattel had a negative net margin of 21.59% and a negative return on equity of 21.37%. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. research analysts predict that Mattel, Inc. will post 0.13 earnings per share for the current year.

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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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