Great Lakes Advisors LLC Purchases 34,804 Shares of Mattel Inc (NASDAQ:MAT)

Great Lakes Advisors LLC raised its position in Mattel Inc (NASDAQ:MAT) by 25.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 174,188 shares of the company’s stock after buying an additional 34,804 shares during the quarter. Great Lakes Advisors LLC’s holdings in Mattel were worth $1,984,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. EdgePoint Investment Group Inc. boosted its stake in shares of Mattel by 0.8% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 36,645,254 shares of the company’s stock valued at $417,389,000 after purchasing an additional 304,819 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Mattel by 27.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,981 shares of the company’s stock worth $57,000 after buying an additional 1,071 shares during the period. Huntington National Bank boosted its position in Mattel by 550.9% during the 3rd quarter. Huntington National Bank now owns 2,929 shares of the company’s stock worth $33,000 after buying an additional 2,479 shares during the period. Gamco Investors INC. ET AL boosted its position in Mattel by 7.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 30,300 shares of the company’s stock worth $345,000 after buying an additional 2,000 shares during the period. Finally, Texas Permanent School Fund boosted its position in Mattel by 253.8% during the 3rd quarter. Texas Permanent School Fund now owns 235,184 shares of the company’s stock worth $2,679,000 after buying an additional 168,711 shares during the period.

Mattel stock opened at $11.76 on Friday. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of -10.32 and a beta of 1.68. The firm has a 50 day moving average price of $11.34 and a two-hundred day moving average price of $11.33. The company has a debt-to-equity ratio of 6.30, a quick ratio of 1.14 and a current ratio of 1.60. Mattel Inc has a 52-week low of $9.06 and a 52-week high of $17.26.

Mattel (NASDAQ:MAT) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.18. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.44 billion. Mattel had a negative net margin of 4.53% and a negative return on equity of 26.03%. Mattel’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. As a group, equities research analysts predict that Mattel Inc will post -0.45 EPS for the current fiscal year.

MAT has been the topic of several recent research reports. DZ Bank downgraded shares of Mattel from a “hold” rating to a “sell” rating and set a $46.00 target price on the stock. in a research report on Tuesday, October 29th. Jefferies Financial Group set a $10.50 target price on shares of Mattel and gave the stock a “hold” rating in a research report on Friday, October 18th. Stifel Nicolaus cut their target price on shares of Mattel from $14.00 to $13.50 and set a “hold” rating on the stock in a research report on Tuesday, October 1st. BidaskClub downgraded shares of Mattel from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, SunTrust Banks cut their target price on shares of Mattel to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.42.

Mattel Profile

Mattel, Inc, a children's entertainment company, designs and produces toys and consumer products worldwide. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, content, gaming, and lifestyle products for children under the Barbie brand; diecast cars, tracks, playsets, and play products for kids, adults, and collectors under the Hot Wheels brand name; content, toy, live events, and other lifestyle products under the Fisher-Price and Thomas & Friends brands; and dolls and books under the American Girl brand name.

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Institutional Ownership by Quarter for Mattel (NASDAQ:MAT)

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