Maverick Capital Ltd. Acquires 16,813 Shares of MasterBrand, Inc. (NYSE:MBC)

Maverick Capital Ltd. lifted its holdings in MasterBrand, Inc. (NYSE:MBC) by 16.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,126 shares of the company’s stock after acquiring an additional 16,813 shares during the period. Maverick Capital Ltd. owned 0.09% of MasterBrand worth $2,227,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC bought a new position in shares of MasterBrand in the 2nd quarter valued at about $36,000. GAMMA Investing LLC lifted its holdings in shares of MasterBrand by 46.3% in the 3rd quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock valued at $52,000 after acquiring an additional 890 shares during the last quarter. nVerses Capital LLC bought a new position in shares of MasterBrand in the 2nd quarter valued at about $75,000. Optimum Investment Advisors lifted its stake in MasterBrand by 1,700.0% in the third quarter. Optimum Investment Advisors now owns 9,000 shares of the company’s stock worth $167,000 after purchasing an additional 8,500 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in MasterBrand in the second quarter worth about $161,000. Institutional investors own 87.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Loop Capital raised their price objective on shares of MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th.

MasterBrand Price Performance

NYSE MBC opened at $17.34 on Friday. MasterBrand, Inc. has a 12-month low of $13.16 and a 12-month high of $20.67. The firm’s fifty day simple moving average is $17.77 and its two-hundred day simple moving average is $16.59. The company has a current ratio of 1.82, a quick ratio of 1.02 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2.20 billion, a P/E ratio of 15.23 and a beta of 1.53.

MasterBrand (NYSE:MBC) last posted its earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The company had revenue of $718.10 million during the quarter. MasterBrand had a net margin of 5.46% and a return on equity of 15.51%.

Insider Activity at MasterBrand

In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the completion of the transaction, the director now owns 45,520 shares in the company, valued at approximately $726,044. This represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $16.33, for a total transaction of $76,995.95. Following the completion of the transaction, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,806 shares of company stock worth $365,567 over the last three months. Company insiders own 1.38% of the company’s stock.

MasterBrand 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.