Connor Clark & Lunn Investment Management Ltd. Buys New Stake in Mattel, Inc. (NASDAQ:MAT)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Mattel, Inc. (NASDAQ:MAT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,018 shares of the company's stock, valued at approximately $591,000.

A number of other institutional investors also recently bought and sold shares of MAT. UMB Bank n.a. raised its holdings in Mattel by 584.3% in the 3rd quarter. UMB Bank n.a. now owns 1,485 shares of the company's stock worth $28,000 after purchasing an additional 1,268 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Mattel in the third quarter worth about $29,000. GAMMA Investing LLC lifted its position in shares of Mattel by 108.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,022 shares of the company's stock valued at $33,000 after buying an additional 1,052 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Mattel by 143.2% during the 2nd quarter. Blue Trust Inc. now owns 2,072 shares of the company's stock valued at $34,000 after acquiring an additional 1,220 shares during the period. Finally, Prospera Private Wealth LLC purchased a new stake in Mattel in the 3rd quarter worth approximately $34,000. Institutional investors own 97.15% of the company's stock.

Mattel Price Performance

NASDAQ:MAT traded up $0.27 during trading hours on Friday, reaching $19.02. The stock had a trading volume of 1,504,225 shares, compared to its average volume of 3,233,855. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.88 and a current ratio of 2.45. Mattel, Inc. has a 52 week low of $15.87 and a 52 week high of $20.59. The stock has a market capitalization of $6.41 billion, a PE ratio of 11.89, a PEG ratio of 0.97 and a beta of 0.78. The company has a 50 day moving average price of $19.04 and a two-hundred day moving average price of $18.40.

Mattel (NASDAQ:MAT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.19. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.86 billion. Mattel had a net margin of 10.24% and a return on equity of 25.39%. The business's quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 earnings per share. As a group, sell-side analysts anticipate that Mattel, Inc. will post 1.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MAT shares. StockNews.com downgraded shares of Mattel from a "buy" rating to a "hold" rating in a report on Thursday, October 24th. Bank of America lifted their target price on shares of Mattel from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. DA Davidson reiterated a "buy" rating and issued a $27.00 price target on shares of Mattel in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their price objective on Mattel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group increased their target price on Mattel from $18.25 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Mattel currently has a consensus rating of "Hold" and an average price target of $23.75.

Mattel Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.