MasterBrand, Inc. (NYSE:MBC) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC increased its position in shares of MasterBrand, Inc. (NYSE:MBC) by 2,161.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,275 shares of the company’s stock after purchasing an additional 70,990 shares during the period. AlphaQuest LLC’s holdings in MasterBrand were worth $1,085,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MBC. Raymond James Financial Inc. purchased a new position in MasterBrand during the fourth quarter worth about $3,364,000. Proficio Capital Partners LLC purchased a new position in MasterBrand during the fourth quarter worth about $150,000. Victory Capital Management Inc. boosted its stake in MasterBrand by 4.8% during the fourth quarter. Victory Capital Management Inc. now owns 201,306 shares of the company’s stock worth $2,941,000 after buying an additional 9,130 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in MasterBrand by 14.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,403,980 shares of the company’s stock worth $35,122,000 after buying an additional 311,286 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in MasterBrand by 150.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company’s stock worth $37,000 after buying an additional 1,549 shares during the period. 87.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

MasterBrand Trading Up 0.0 %

Shares of MBC stock opened at $13.79 on Tuesday. The company has a 50-day moving average of $15.78 and a two-hundred day moving average of $16.55. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.65 and a quick ratio of 1.02. MasterBrand, Inc. has a 1-year low of $12.68 and a 1-year high of $20.67. The firm has a market cap of $1.76 billion, a PE ratio of 14.21 and a beta of 1.77.

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

Analyst Upgrades and Downgrades

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

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.