AlphaQuest LLC Grows Stock Holdings in MasterBrand, Inc. (NYSE:MBC)

AlphaQuest LLC grew its position in MasterBrand, Inc. (NYSE:MBC - Free Report) by 2,161.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 74,275 shares of the company's stock after acquiring an additional 70,990 shares during the period. AlphaQuest LLC owned 0.06% of MasterBrand worth $1,085,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of MasterBrand by 150.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company's stock worth $37,000 after purchasing an additional 1,549 shares during the last quarter. Quest Partners LLC grew its position in shares of MasterBrand by 33.3% in the 3rd quarter. Quest Partners LLC now owns 3,285 shares of the company's stock valued at $61,000 after buying an additional 821 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of MasterBrand by 52.4% in the third quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company's stock valued at $66,000 after buying an additional 1,216 shares during the period. KBC Group NV raised its position in shares of MasterBrand by 52.0% during the fourth quarter. KBC Group NV now owns 5,800 shares of the company's stock worth $85,000 after acquiring an additional 1,983 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in MasterBrand by 39.9% in the third quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company's stock valued at $89,000 after acquiring an additional 1,364 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Separately, Loop Capital cut their price target on shares of MasterBrand from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th.

MasterBrand Stock Up 2.9 %

NYSE MBC traded up $0.38 during mid-day trading on Friday, hitting $13.38. The company's stock had a trading volume of 1,084,545 shares, compared to its average volume of 1,097,497. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. The company's 50 day simple moving average is $15.73 and its 200 day simple moving average is $16.51. MasterBrand, Inc. has a twelve month low of $12.68 and a twelve month high of $20.67. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 13.79 and a beta of 1.77.

MasterBrand (NYSE:MBC - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). The firm had revenue of $667.70 million during the quarter, compared to the consensus estimate of $722.85 million. MasterBrand had a return on equity of 13.89% and a net margin of 4.66%.

Insiders Place Their Bets

In other news, Director Juliana L. Chugg bought 6,989 shares of MasterBrand stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $14.17 per share, with a total value of $99,034.13. Following the completion of the purchase, the director now directly owns 33,424 shares in the company, valued at $473,618.08. The trade was a 26.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert Crisci purchased 20,000 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $14.08 per share, for a total transaction of $281,600.00. Following the transaction, the director now directly owns 66,435 shares of the company's stock, valued at approximately $935,404.80. This represents a 43.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.38% of the company's stock.

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.