SG Americas Securities LLC lessened its holdings in MasterBrand, Inc. (NYSE:MBC – Free Report) by 83.8% during the first quarter, HoldingsChannel.com reports. The fund owned 119,639 shares of the company’s stock after selling 618,235 shares during the period. SG Americas Securities LLC’s holdings in MasterBrand were worth $994,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Coliseum Capital Management LLC lifted its holdings in shares of MasterBrand by 42.4% in the fourth quarter. Coliseum Capital Management LLC now owns 10,772,614 shares of the company’s stock worth $118,930,000 after acquiring an additional 3,209,323 shares during the last quarter. Boston Partners grew its holdings in shares of MasterBrand by 7.8% during the 3rd quarter. Boston Partners now owns 8,930,199 shares of the company’s stock valued at $117,688,000 after purchasing an additional 649,960 shares during the last quarter. Dimensional Fund Advisors LP increased its position in MasterBrand by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,563,076 shares of the company’s stock worth $72,456,000 after purchasing an additional 273,877 shares in the last quarter. State Street Corp increased its position in MasterBrand by 0.5% during the 4th quarter. State Street Corp now owns 4,957,171 shares of the company’s stock worth $54,727,000 after purchasing an additional 24,796 shares in the last quarter. Finally, Pertento Partners LLP bought a new position in MasterBrand in the 4th quarter valued at approximately $42,835,000. Institutional investors and hedge funds own 87.32% of the company’s stock.
MasterBrand Price Performance
MasterBrand stock opened at $9.87 on Friday. The firm has a market cap of $1.26 billion, a P/E ratio of -493.45 and a beta of 1.38. MasterBrand, Inc. has a one year low of $6.61 and a one year high of $14.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.08 and a quick ratio of 1.31. The stock’s 50 day moving average is $8.59 and its 200 day moving average is $9.85.
Insider Activity at MasterBrand
In other MasterBrand news, Director Philip D. Fracassa purchased 5,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $9.11 per share, with a total value of $45,550.00. Following the completion of the purchase, the director owned 45,041 shares in the company, valued at $410,323.51. This represents a 12.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrea Helen Simon purchased 5,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $8.56 per share, for a total transaction of $42,800.00. Following the completion of the purchase, the chief financial officer owned 497,341 shares of the company’s stock, valued at approximately $4,257,238.96. This trade represents a 1.02% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 81,587 shares of company stock worth $696,347 over the last quarter. 2.04% of the stock is owned by company insiders.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of MasterBrand from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.
Check Out Our Latest Research Report on MBC
About MasterBrand
MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.
MasterBrand’s product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.
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