Pacer Advisors Inc. Decreases Stock Holdings in MasterBrand, Inc. (NYSE:MBC)

Pacer Advisors Inc. trimmed its position in shares of MasterBrand, Inc. (NYSE:MBC) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,768,175 shares of the company’s stock after selling 79,882 shares during the period. Pacer Advisors Inc. owned approximately 5.33% of MasterBrand worth $99,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in MasterBrand by 3.4% in the first quarter. Vanguard Group Inc. now owns 10,646,110 shares of the company’s stock worth $199,508,000 after buying an additional 346,346 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in MasterBrand by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company’s stock worth $66,738,000 after buying an additional 497,327 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in MasterBrand by 23.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,797,378 shares of the company’s stock worth $26,691,000 after buying an additional 338,497 shares during the last quarter. Renaissance Technologies LLC lifted its position in MasterBrand by 7.0% in the second quarter. Renaissance Technologies LLC now owns 1,442,018 shares of the company’s stock worth $21,169,000 after buying an additional 94,800 shares during the last quarter. Finally, Bridgeway Capital Management LLC bought a new stake in MasterBrand in the first quarter worth $20,894,000. 87.32% of the stock is owned by hedge funds and other institutional investors.

MasterBrand Stock Up 0.2 %

Shares of MBC opened at $18.87 on Friday. The company has a market cap of $2.40 billion, a PE ratio of 13.29 and a beta of 1.49. The business has a fifty day moving average of $16.39 and a 200 day moving average of $16.56. MasterBrand, Inc. has a 52-week low of $10.53 and a 52-week high of $19.07. The company has a quick ratio of 1.43, a current ratio of 2.24 and a debt-to-equity ratio of 0.55.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The company had revenue of $676.50 million during the quarter. MasterBrand had a return on equity of 16.58% and a net margin of 6.69%.

Insider Transactions at MasterBrand

In other news, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction on 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 sale, the chief accounting officer now directly owns 45,148 shares in the company, valued at $737,266.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Ann F. Hackett sold 17,589 shares of MasterBrand stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total transaction of $280,544.55. Following the completion of the sale, the director now directly owns 45,520 shares in the company, valued at $726,044. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction on Friday, September 13th. The stock was sold at an average price of $16.33, for a total value of $76,995.95. Following the sale, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at $737,266.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,806 shares of company stock worth $365,567. 1.38% of the stock is currently owned by insiders.

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.