Pictet Asset Management Holding SA lessened its stake in MasterBrand, Inc. (NYSE:MBC – Free Report) by 17.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 451,584 shares of the company’s stock after selling 94,218 shares during the quarter. Pictet Asset Management Holding SA’s holdings in MasterBrand were worth $3,753,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of MasterBrand by 12.8% during the first quarter. Royal Bank of Canada now owns 55,615 shares of the company’s stock valued at $726,000 after buying an additional 6,298 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of MasterBrand by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,362 shares of the company’s stock worth $984,000 after buying an additional 3,292 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of MasterBrand by 4.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,294 shares of the company’s stock worth $19,816,000 after acquiring an additional 59,879 shares in the last quarter. Jane Street Group LLC raised its stake in shares of MasterBrand by 10.7% during the 1st quarter. Jane Street Group LLC now owns 357,305 shares of the company’s stock worth $4,666,000 after acquiring an additional 34,422 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in MasterBrand by 71.1% during the first quarter. Intech Investment Management LLC now owns 119,325 shares of the company’s stock valued at $1,558,000 after acquiring an additional 49,578 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors.
MasterBrand Trading Down 0.1%
Shares of NYSE:MBC opened at $9.87 on Friday. The business’s 50-day moving average is $8.59 and its 200 day moving average is $9.85. MasterBrand, Inc. has a 1 year low of $6.61 and a 1 year high of $14.22. The firm has a market capitalization of $1.26 billion, a P/E ratio of -493.45 and a beta of 1.38. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.08 and a quick ratio of 1.31.
Insider Transactions at MasterBrand
In related news, EVP Bruce Alan Kendrick sold 26,245 shares of MasterBrand stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $9.02, for a total value of $236,729.90. Following the completion of the sale, the executive vice president directly owned 241,665 shares in the company, valued at $2,179,818.30. This trade represents a 9.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Philip D. Fracassa bought 5,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $9.11 per share, with a total value of $45,550.00. Following the completion of the purchase, the director directly owned 45,041 shares in the company, valued at $410,323.51. This represents a 12.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 81,587 shares of company stock worth $696,347 over the last ninety days. 2.04% of the stock is currently owned by insiders.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of MasterBrand from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on MasterBrand
MasterBrand Profile
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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