MasterBrand, Inc. (NYSE:MBC) Short Interest Update

MasterBrand, Inc. (NYSE:MBC - Get Free Report) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 3,220,000 shares, a decrease of 28.8% from the December 15th total of 4,520,000 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average daily volume of 917,800 shares, the days-to-cover ratio is currently 3.5 days.

MasterBrand Price Performance

MBC stock traded up $0.66 during trading on Wednesday, hitting $16.62. The company had a trading volume of 1,008,420 shares, compared to its average volume of 1,048,369. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 14.58 and a beta of 1.55. 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 business has a 50 day moving average of $16.05 and a 200 day moving average of $16.53. MasterBrand has a fifty-two week low of $13.37 and a fifty-two week high of $20.67.

MasterBrand (NYSE:MBC - Get Free Report) last released its 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. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%. The firm had revenue of $718.10 million for the quarter.

Analyst Ratings Changes

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

Institutional Investors Weigh In On MasterBrand

Institutional investors and hedge funds have recently modified their holdings of the stock. Quest Partners LLC acquired a new position in MasterBrand during the second quarter valued at $36,000. GAMMA Investing LLC boosted its stake in shares of MasterBrand by 46.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,814 shares of the company's stock valued at $52,000 after buying an additional 890 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of MasterBrand by 52.4% during the 3rd 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. TD Private Client Wealth LLC grew its holdings in shares of MasterBrand by 39.9% during the 3rd 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 in the last quarter. Finally, Optimum Investment Advisors increased its stake in shares of MasterBrand by 1,700.0% in the third quarter. Optimum Investment Advisors now owns 9,000 shares of the company's stock worth $167,000 after acquiring an additional 8,500 shares during the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.

About MasterBrand

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.