In today’s session Mattel, Inc. (MAT) registered an unusually high (176) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MAT increase. With 176 contracts traded and 40634 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MAT161118C00031000 closed last at: $0.1 or 90% down. About 354,052 shares traded hands. Mattel, Inc. (NASDAQ:MAT) has declined 6.20% since April 20, 2016 and is downtrending. It has underperformed by 10.76% the S&P500.
Mattel, Inc. (NASDAQ:MAT) Ratings Coverage
Out of 13 analysts covering Mattel Inc. (NASDAQ:MAT), 11 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 85% are positive. Mattel Inc. has been the topic of 19 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Suntrust Robinson maintained the shares of MAT in a report on Friday, October 16 with “Neutral” rating. On Thursday, March 24 the stock rating was initiated by UBS with “Buy”. The rating was upgraded by Monness Crespi & Hardt on Monday, September 19 to “Buy”. Argus Research upgraded Mattel, Inc. (NASDAQ:MAT) on Thursday, February 4 to “Buy” rating. The rating was maintained by M Partners with “Neutral” on Thursday, July 21. As per Thursday, August 20, the company rating was initiated by Oppenheimer. B. Riley & Co maintained it with “Buy” rating and $41 target price in Thursday, October 20 report. JP Morgan initiated Mattel, Inc. (NASDAQ:MAT) on Thursday, April 7 with “Overweight” rating. As per Tuesday, April 5, the company rating was maintained by M Partners. Piper Jaffray maintained the stock with “Neutral” rating in Friday, August 14 report.
According to Zacks Investment Research, “Mattel, Inc. designs, manufactures, and markets a broad variety of family products on a worldwide basis through both sales to retailers and direct to consumers. Mattel’s business is dependent in great part on its ability each year to redesign, restyle and extend existing core products and product lines, to design and develop innovative new products and product lines, and successfully market those products and product lines.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in Q2 2016. Its down 0.01, from 1.11 in 2016Q1. The ratio dropped, as 68 funds sold all Mattel, Inc. shares owned while 162 reduced positions. 49 funds bought stakes while 207 increased positions. They now own 317.56 million shares or 0.80% less from 320.13 million shares in 2016Q1.
Bollard Ltd Limited Liability Company reported 4,078 shares or 0.01% of all its holdings. Iowa Comml Bank holds 0.01% or 400 shares in its portfolio. Apg Asset Mngmt Nv has 0.03% invested in the company for 571,242 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys last reported 0.02% of its portfolio in the stock. Earnest Ptnrs Lc last reported 328,626 shares in the company. Nomura Asset Co has invested 0.04% of its portfolio in Mattel, Inc. (NASDAQ:MAT). Avalon Advsrs Lc has 0.84% invested in the company for 695,847 shares. Alethea Limited Com, a California-based fund reported 58,236 shares. Adage Prtn Ltd Llc holds 500,842 shares or 0.04% of its portfolio. The Illinois-based Ariel Investments Ltd Liability Com has invested 1.58% in Mattel, Inc. (NASDAQ:MAT). Psagot Invest House Limited holds 0% of its portfolio in Mattel, Inc. (NASDAQ:MAT) for 186 shares. Hourglass Cap Ltd Liability Com holds 1.58% of its portfolio in Mattel, Inc. (NASDAQ:MAT) for 204,795 shares. Sumitomo Mitsui Asset Mngmt has 0.02% invested in the company for 25,943 shares. Stadion Money Limited Liability Co holds 59,945 shares or 0.06% of its portfolio. Old Mutual Global (Uk) Ltd has invested 0% of its portfolio in Mattel, Inc. (NASDAQ:MAT).
Insider Transactions: Since August 30, 2016, the stock had 0 insider buys, and 1 sale for $239,280 net activity. Another trade for 7,128 shares valued at $239,280 was sold by Walker Geoffrey H.
Mattel, Inc. manufactures and markets a range of toy products around the world. The company has a market cap of $10.85 billion. The Company’s divisions are North America; International and American Girl. It has a 29.98 P/E ratio. The Company’s 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.
MAT Company Profile
Mattel, Inc., incorporated on March 6, 1968, designs, makes, and markets a range of toy products around the world, which are sold to its clients and directly to consumers. The Company’s divisions are North America, which consists of the United States and Canada; International, and American Girl. The Company’s 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. The North America and International divisions sell products in the Mattel Girls & Boys Brands, Fisher-Price Brands, and Construction and Arts & Crafts Brands categories.
More news for Mattel, Inc. (NASDAQ:MAT) were recently published by: Investorplace.com, which released: “Mattel, Inc. (MAT) Makes Curvy Barbie Doll in Ashley Graham’s Likeness” on November 15, 2016. Marketwatch.com‘s article titled: “Mattel CEO says he’s not leaving until turnaround stabilizes” and published on November 03, 2016 is yet another important article.
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