Great Lakes Advisors LLC Purchases 86,207 Shares of Mattel, Inc. $MAT

Great Lakes Advisors LLC increased its position in Mattel, Inc. (NASDAQ:MAT) by 37.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,769 shares of the company’s stock after buying an additional 86,207 shares during the period. Great Lakes Advisors LLC owned 0.10% of Mattel worth $5,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in Mattel in the first quarter worth $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Mattel by 74.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock valued at $67,000 after acquiring an additional 1,468 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Mattel by 50.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after purchasing an additional 1,393,000 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Mattel by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock worth $15,135,000 after acquiring an additional 37,118 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of Mattel during the first quarter valued at about $266,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Mattel Stock Up 0.6%

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

Analysts Set New Price Targets

MAT has been the topic of several analyst reports. The Goldman Sachs Group downgraded shares of Mattel from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Friday, January 9th. DA Davidson lowered their target price on shares of Mattel from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Cfra Research lowered Mattel from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. UBS Group increased their price target on Mattel from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Finally, Seaport Research Partners raised Mattel to a “hold” rating in a report on Monday, November 10th. 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 company’s stock. According to data from MarketBeat, Mattel presently has an average rating of “Hold” and an average 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.