MasterBrand, Inc. (NYSE:MBC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its holdings in MasterBrand, Inc. (NYSE:MBC - Free Report) by 80.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,760 shares of the company's stock after selling 190,558 shares during the quarter. Jane Street Group LLC's holdings in MasterBrand were worth $867,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of MasterBrand by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,069,569 shares of the company's stock valued at $15,701,000 after buying an additional 7,446 shares during the last quarter. nVerses Capital LLC purchased a new position in MasterBrand during the second quarter valued at approximately $75,000. Versor Investments LP lifted its holdings in MasterBrand by 38.6% in the second quarter. Versor Investments LP now owns 23,700 shares of the company's stock valued at $348,000 after acquiring an additional 6,600 shares during the period. Victory Capital Management Inc. lifted its holdings in MasterBrand by 27.7% in the second quarter. Victory Capital Management Inc. now owns 189,192 shares of the company's stock valued at $2,777,000 after acquiring an additional 41,065 shares during the period. Finally, Arizona State Retirement System boosted its position in MasterBrand by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 35,554 shares of the company's stock worth $522,000 after purchasing an additional 717 shares in the last quarter. 87.32% of the stock is owned by hedge funds and other institutional investors.

MasterBrand Price Performance

Shares of MasterBrand stock traded down $0.02 during trading hours on Thursday, reaching $14.59. The stock had a trading volume of 887,965 shares, compared to its average volume of 936,155. MasterBrand, Inc. has a twelve month low of $13.37 and a twelve month high of $20.67. The company has a current ratio of 1.82, a quick ratio of 1.02 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $1.85 billion, a PE ratio of 12.80 and a beta of 1.35. The stock's 50 day moving average is $16.51 and its 200 day moving average is $16.49.

MasterBrand (NYSE:MBC - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.06. The company had revenue of $718.10 million for the quarter. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%.

Wall Street Analyst Weigh In

Separately, Loop Capital lifted their target price on shares of MasterBrand from $20.00 to $23.00 and gave the company a "buy" rating in a report on Thursday, October 17th.

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.