Mattel, Inc. $MAT Shares Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC grew its position in shares of Mattel, Inc. (NASDAQ:MAT) by 37.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 318,769 shares of the company’s stock after buying an additional 86,207 shares during the quarter. Great Lakes Advisors LLC’s holdings in Mattel were worth $5,365,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Traub Capital Management LLC purchased a new position in Mattel during the second quarter worth about $40,000. IFP Advisors Inc raised its stake in shares of Mattel by 90.6% during the 2nd quarter. IFP Advisors Inc now owns 2,215 shares of the company’s stock worth $44,000 after buying an additional 1,053 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Mattel during the 2nd quarter worth approximately $55,000. True Wealth Design LLC lifted its holdings in shares of Mattel by 409.1% in the 2nd quarter. True Wealth Design LLC now owns 2,846 shares of the company’s stock valued at $56,000 after buying an additional 2,287 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Mattel by 469.5% in the second quarter. Allworth Financial LP now owns 2,853 shares of the company’s stock valued at $56,000 after buying an additional 2,352 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Mattel Trading Up 0.6%

Shares of MAT opened at $20.89 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.60 and a quick ratio of 1.18. Mattel, Inc. has a 1-year low of $13.94 and a 1-year high of $22.25. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 2.22 and a beta of 0.69. The firm has a 50 day simple moving average of $20.70 and a 200-day simple moving average of $19.04.

Analyst Ratings Changes

A number of equities research analysts have commented on MAT shares. Cfra Research downgraded Mattel from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 22nd. UBS Group increased their price target on shares of Mattel from $29.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Zacks Research downgraded shares of Mattel from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Roth Mkm set a $20.00 target price on shares of Mattel and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Mattel from $25.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.50.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.