MasterBrand, Inc. (NYSE:MBC) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its stake in MasterBrand, Inc. (NYSE:MBC) by 29.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 130,808 shares of the company’s stock after selling 55,319 shares during the quarter. Exchange Traded Concepts LLC owned 0.10% of MasterBrand worth $1,911,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MBC. GAMMA Investing LLC lifted its holdings in MasterBrand by 46.3% in the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock valued at $52,000 after acquiring an additional 890 shares during the period. Quest Partners LLC lifted its stake 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 purchasing an additional 821 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in MasterBrand by 52.4% during the third quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock worth $66,000 after buying an additional 1,216 shares in the last quarter. TD Private Client Wealth LLC grew its position in MasterBrand by 39.9% during the third quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock valued at $89,000 after buying an additional 1,364 shares during the period. Finally, Optimum Investment Advisors increased its holdings in MasterBrand by 1,700.0% in the third quarter. Optimum Investment Advisors now owns 9,000 shares of the company’s stock valued at $167,000 after buying an additional 8,500 shares in the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

MasterBrand Stock Down 0.1 %

MasterBrand stock opened at $17.40 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.82 and a quick ratio of 1.02. The stock has a market capitalization of $2.21 billion, a PE ratio of 15.26 and a beta of 1.55. The business has a 50 day simple moving average of $16.05 and a 200-day simple moving average of $16.68. MasterBrand, Inc. has a 12 month low of $13.37 and a 12 month high of $20.67.

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

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.