Connor Clark & Lunn Investment Management Ltd. raised its holdings in Mattel, Inc. (NASDAQ:MAT - Free Report) by 760.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 266,836 shares of the company's stock after purchasing an additional 235,818 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.08% of Mattel worth $4,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in MAT. Franklin Resources Inc. increased its holdings in Mattel by 84.0% in the 3rd quarter. Franklin Resources Inc. now owns 9,352,223 shares of the company's stock worth $176,757,000 after acquiring an additional 4,270,162 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Mattel during the 4th quarter valued at approximately $53,238,000. Point72 Asset Management L.P. boosted its holdings in Mattel by 54.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,582,369 shares of the company's stock worth $30,144,000 after buying an additional 558,213 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in Mattel in the 3rd quarter valued at approximately $8,997,000. Finally, Assenagon Asset Management S.A. bought a new stake in Mattel during the 4th quarter valued at $7,431,000. 97.15% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Jefferies Financial Group raised Mattel from a "hold" rating to a "buy" rating and increased their price objective for the stock from $20.00 to $28.00 in a report on Wednesday, February 5th. StockNews.com raised shares of Mattel from a "hold" rating to a "buy" rating in a report on Wednesday, March 12th. DA Davidson lifted their price objective on Mattel from $27.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Finally, Morgan Stanley upped their target price on Mattel from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $25.57.
Read Our Latest Research Report on Mattel
Mattel Price Performance
MAT traded down $0.10 during midday trading on Thursday, hitting $20.03. The stock had a trading volume of 2,291,884 shares, compared to its average volume of 3,600,307. The company has a market cap of $6.67 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.00 and a current ratio of 2.38. Mattel, Inc. has a 1 year low of $15.87 and a 1 year high of $22.07. The business has a fifty day moving average of $20.00 and a 200 day moving average of $19.25.
Mattel (NASDAQ:MAT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.15. Mattel had a return on equity of 25.94% and a net margin of 10.07%. During the same period in the prior year, the business earned $0.29 earnings per share. As a group, equities analysts forecast that Mattel, Inc. will post 1.7 earnings per share for the current fiscal year.
About Mattel
(
Free Report)
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.
Further Reading
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