AlphaQuest LLC Grows Stock Holdings in MasterBrand, Inc. (NYSE:MBC)

AlphaQuest LLC raised its stake in MasterBrand, Inc. (NYSE:MBC) by 2,161.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,275 shares of the company’s stock after buying an additional 70,990 shares during the period. AlphaQuest LLC owned about 0.06% of MasterBrand worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in MBC. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of MasterBrand in the 3rd quarter valued at about $872,000. Foundry Partners LLC acquired a new position in MasterBrand during the 3rd quarter valued at approximately $4,952,000. Vestcor Inc boosted its holdings in shares of MasterBrand by 329.0% in the 3rd quarter. Vestcor Inc now owns 40,815 shares of the company’s stock valued at $757,000 after acquiring an additional 31,300 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of MasterBrand in the 3rd quarter valued at $1,669,000. Finally, Empowered Funds LLC boosted its holdings in shares of MasterBrand by 5.1% in the 4th quarter. Empowered Funds LLC now owns 650,450 shares of the company’s stock valued at $9,503,000 after acquiring an additional 31,714 shares during the last quarter. 87.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MasterBrand

In other news, Director Juliana L. Chugg acquired 6,989 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $14.17 per share, for a total transaction of $99,034.13. Following the completion of the transaction, the director now owns 33,424 shares in the company, valued at approximately $473,618.08. This trade represents a 26.44 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Crisci acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $14.08 per share, with a total value of $281,600.00. Following the completion of the transaction, the director now owns 66,435 shares of the company’s stock, valued at $935,404.80. The trade was a 43.07 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.38% of the company’s stock.

Analyst Ratings Changes

Separately, Loop Capital lowered their price target on shares of MasterBrand from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th.

MasterBrand Stock Performance

MBC opened at $13.79 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 14.21 and a beta of 1.77. MasterBrand, Inc. has a 52-week low of $12.68 and a 52-week high of $20.67. The firm’s fifty day simple moving average is $15.78 and its two-hundred day simple moving average is $16.55.

MasterBrand (NYSE:MBC) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $667.70 million for the quarter, compared to analysts’ expectations of $722.85 million. MasterBrand had a net margin of 4.66% and a return on equity of 13.89%.

MasterBrand Company Profile

MasterBrand, Inc engages in the manufacture and sale of residential cabinets in the United States and Canada. The company offers a range of residential cabinetry products for the kitchen, bathroom, and other parts of the home. It sells its products to remodeling and new construction markets through dealers, retailers, and builders.