Barr E S & Co Upped Diamond Hill Invt Cl A (DHIL) Holding by $1.53 Million; Share Value Declined; Mattel (MAT) Holder Southeastern Asset Management Has Lowered Holding by $13.02 Million as Market Valuation Declined

September 12, 2018 - By Heather Owens

Mattel, Inc. (NASDAQ:MAT) Logo

Southeastern Asset Management Inc decreased its stake in Mattel Inc. (MAT) by 2.62% based on its latest 2018Q1 regulatory filing with the SEC. Southeastern Asset Management Inc sold 1.00M shares as the company’s stock declined 5.29% with the market. The hedge fund held 37.27 million shares of the consumer non-durables company at the end of 2018Q1, valued at $490.06 million, down from 38.27 million at the end of the previous reported quarter. Southeastern Asset Management Inc who had been investing in Mattel Inc. for a number of months, seems to be less bullish one the $5.55B market cap company. The stock increased 2.21% or $0.3484 during the last trading session, reaching $16.1284. About 1.92 million shares traded. Mattel, Inc. (NASDAQ:MAT) has declined 31.33% since September 12, 2017 and is downtrending. It has underperformed by 43.90% the S&P500. Some Historical MAT News: 25/04/2018 – Spin Master Claims Mattel’s Mecard Toys Infringe on at Least Two of Spin Master’s Patents; 19/04/2018 – Mattel’s CEO Margo Georgiadis to step down. Ynon Kreiz will replace her; 19/04/2018 – MATTEL INC – GEORGIADIS WILL SERVE IN AN ADVISORY ROLE AT MATTEL THROUGH MAY 10, 2018; 25/04/2018 – Spin Master Says Suing Mattel in California in Connection With Mattel’s Sale and Marketing of Its Mecard Branded Toys; 22/05/2018 – Fitch Rates Mattel’s New Unsecured Notes ‘BB’; Outlook Negative; 24/04/2018 – MATTEL – NOMINATION OF GEORGIADIS AS A DIRECTOR AT 2018 ANNUAL MEETING IS WITHDRAWN, NO NOMINEE FOR ELECTION WILL BE NAMED IN PLACE OF GEORGIADIS; 07/05/2018 – MATTEL INC – ON MAY 3, TREVOR EDWARDS NOTIFIED CO OF DECISION TO NOT STAND FOR RE-ELECTION AS A DIRECTOR AT 2018 ANNUAL MEETING OF STOCKHOLDERS; 16/03/2018 – Moody’s Sees Lower Mattel Sales, Higher Write Offs; 03/04/2018 – MATTEL – ON MARCH 28 & MARCH 29, CO ENTERED INTO CERTAIN FOREIGN JOINDER AGREEMENTS TO SYNDICATED FACILITY AGREEMENT DATED AS OF DECEMBER 20, 2017; 19/04/2018 – MATTEL CEO MARGO GEORGIADIS IS SAID TO BE RESIGNING

Barr E S & Co increased its stake in Diamond Hill Invt Cl A (DHIL) by 15.88% based on its latest 2018Q1 regulatory filing with the SEC. Barr E S & Co bought 7,406 shares as the company’s stock declined 4.89% with the market. The hedge fund held 54,034 shares of the finance company at the end of 2018Q1, valued at $11.16M, up from 46,628 at the end of the previous reported quarter. Barr E S & Co who had been investing in Diamond Hill Invt Cl A for a number of months, seems to be bullish on the $576.66M market cap company. The stock decreased 0.43% or $0.75 during the last trading session, reaching $173.75. About 7,314 shares traded. Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) has risen 4.40% since September 12, 2017 and is uptrending. It has underperformed by 8.17% the S&P500. Some Historical DHIL News: 29/05/2018 – Diamond Hill Closes Below 50-Day Moving Average: Technicals; 02/05/2018 – Diamond Hill Inv Group 1Q Rev $37.8M; 26/03/2018 – Diamond Hill Short-Interest Ratio Rises 75% to 8 Days; 20/04/2018 – DJ Diamond Hill Investment Group Inc, Inst Holders, 1Q 2018 (DHIL); 02/05/2018 – Diamond Hill Inv Group 1Q EPS $3.72; 30/04/2018 – Diamond Hill Named A 2018 Top Workplace By Columbus CEO; 17/05/2018 – Ric Dillon To Retire As Portfolio Manager For Diamond Hill Capital Management; 21/03/2018 Consolidated Research: 2018 Summary Expectations for First Foundation, Internap, Mercantile Bank, Diamond Hill Investment Group; 02/05/2018 – Diamond Hill Adds Texas Instruments, Exits Ford: 13F; 02/05/2018 – Diamond Hill Inv Group 1Q Net $13M

Investors sentiment decreased to 1.56 in Q1 2018. Its down 0.14, from 1.7 in 2017Q4. It dived, as 7 investors sold DHIL shares while 25 reduced holdings. 17 funds opened positions while 33 raised stakes. 2.02 million shares or 0.44% more from 2.01 million shares in 2017Q4 were reported. Meeder Asset Mngmt Inc owns 1,855 shares. First Trust Advsr Limited Partnership has invested 0% of its portfolio in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL). New York-based Tiaa Cref Invest Ltd has invested 0% in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL). Wedge Cap L Ltd Partnership Nc holds 0.01% or 4,900 shares in its portfolio. Massachusetts-based State Street has invested 0% in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL). Secor Capital LP holds 2,898 shares. Pub Employees Retirement Systems Of Ohio has 518 shares. Invesco Ltd stated it has 3,493 shares. Wasatch Inc has 9,555 shares for 0.03% of their portfolio. Amica Retiree Med Trust accumulated 4,949 shares or 0.89% of the stock. Jbf Capital Inc reported 1,000 shares or 0.03% of all its holdings. Barr E S Com holds 54,034 shares or 1.17% of its portfolio. Amica Pension Fund Board Of Trustees reported 0.92% in Diamond Hill Investment Group, Inc. (NASDAQ:DHIL). Envestnet Asset Mgmt holds 1,120 shares or 0% of its portfolio. Fenimore Asset Management invested in 0.37% or 46,792 shares.

Since May 17, 2018, it had 0 buys, and 1 sale for $594,770 activity.

Barr E S & Co, which manages about $978.77M and $952.99 million US Long portfolio, decreased its stake in Exxon Mobil Corp (NYSE:XOM) by 18,083 shares to 337,431 shares, valued at $25.18 million in 2018Q1, according to the filing. It also reduced its holding in Goldman Sachs Inc (NYSE:GS) by 2,734 shares in the quarter, leaving it with 164,216 shares, and cut its stake in Schlumberger Ltd (NYSE:SLB).

Among 18 analysts covering Mattel Inc. (NASDAQ:MAT), 6 have Buy rating, 1 Sell and 11 Hold. Therefore 33% are positive. Mattel Inc. had 81 analyst reports since July 28, 2015 according to SRatingsIntel. On Monday, October 30 the stock rating was maintained by Stifel Nicolaus with “Hold”. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, December 13 report. The rating was maintained by B. Riley & Co on Thursday, October 20 with “Buy”. As per Monday, February 26, the company rating was downgraded by Jefferies. Jefferies maintained Mattel, Inc. (NASDAQ:MAT) rating on Tuesday, September 5. Jefferies has “Hold” rating and $17.0 target. The stock has “Hold” rating by Jefferies on Thursday, September 21. The stock of Mattel, Inc. (NASDAQ:MAT) earned “Buy” rating by UBS on Thursday, March 29. The stock has “Neutral” rating by Piper Jaffray on Friday, August 14. The firm has “Hold” rating given on Wednesday, April 6 by Stifel Nicolaus. The firm earned “Buy” rating on Monday, July 3 by M Partners.

Analysts await Mattel, Inc. (NASDAQ:MAT) to report earnings on October, 25. They expect $0.17 earnings per share, up 88.89% or $0.08 from last year’s $0.09 per share. MAT’s profit will be $58.51 million for 23.72 P/E if the $0.17 EPS becomes a reality. After $-0.56 actual earnings per share reported by Mattel, Inc. for the previous quarter, Wall Street now forecasts -130.36% EPS growth.

Southeastern Asset Management Inc, which manages about $35.07 billion and $8.17 billion US Long portfolio, upped its stake in Park Hotels & Resorts Inc. by 13.70M shares to 21.33M shares, valued at $576.41M in 2018Q1, according to the filing. It also increased its holding in Centurylink Inc (NYSE:CTL) by 69,181 shares in the quarter, for a total of 71.56 million shares, and has risen its stake in Cnx Resources Corp.

Diamond Hill Investment Group, Inc. (NASDAQ:DHIL) Institutional Positions Chart

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