Marshall Wace LLP Purchases Shares of 11,700 MasterBrand, Inc. (NYSE:MBC)

Marshall Wace LLP bought a new position in shares of MasterBrand, Inc. (NYSE:MBC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,700 shares of the company’s stock, valued at approximately $172,000.

A number of other hedge funds have also added to or reduced their stakes in MBC. Covestor Ltd grew its position in shares of MasterBrand by 71.4% during the 1st quarter. Covestor Ltd now owns 1,596 shares of the company’s stock worth $30,000 after buying an additional 665 shares during the period. Arizona State Retirement System grew its holdings in MasterBrand by 2.1% in the second quarter. Arizona State Retirement System now owns 35,554 shares of the company’s stock worth $522,000 after purchasing an additional 717 shares during the period. GAMMA Investing LLC increased its stake in MasterBrand by 51.2% in the first quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock valued at $41,000 after purchasing an additional 748 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of MasterBrand by 1.5% during the second quarter. Wedge Capital Management L L P NC now owns 63,799 shares of the company’s stock valued at $937,000 after purchasing an additional 942 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of MasterBrand by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 63,900 shares of the company’s stock worth $938,000 after purchasing an additional 1,100 shares in the last quarter. 87.32% of the stock is currently owned by institutional investors.

MasterBrand Stock Performance

Shares of MasterBrand stock opened at $17.78 on Friday. The business has a 50-day simple moving average of $16.59 and a 200 day simple moving average of $16.53. MasterBrand, Inc. has a one year low of $10.53 and a one year high of $19.10. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.24 and a quick ratio of 1.43. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 12.52 and a beta of 1.49.

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

Insider Buying and Selling at MasterBrand

In other MasterBrand news, CAO Mark A. Young sold 4,715 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Ann F. Hackett sold 17,589 shares of MasterBrand stock in a transaction that occurred 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 transaction, the director now owns 45,520 shares of the company’s stock, valued at $726,044. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark A. Young sold 4,715 shares of MasterBrand stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $16.33, for a total value of $76,995.95. Following the transaction, the chief accounting officer now directly owns 45,148 shares in the company, valued at approximately $737,266.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,806 shares of company stock valued at $365,567. Company insiders own 1.38% of the company’s stock.

MasterBrand Company 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.