Cooke & Bieler LP acquired a new position in shares of MasterBrand, Inc. (NYSE:MBC – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,831,036 shares of the company’s stock, valued at approximately $31,255,000.
Other institutional investors also recently made changes to their positions in the company. EMG Holdings L.P. bought a new stake in shares of MasterBrand during the third quarter worth approximately $2,174,000. SG Americas Securities LLC boosted its holdings in shares of MasterBrand by 6,255.0% during the fourth quarter. SG Americas Securities LLC now owns 737,874 shares of the company’s stock worth $8,146,000 after acquiring an additional 726,263 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of MasterBrand by 353.2% during the third quarter. JPMorgan Chase & Co. now owns 695,128 shares of the company’s stock worth $9,155,000 after acquiring an additional 541,748 shares during the period. Strs Ohio boosted its holdings in shares of MasterBrand by 253.2% during the third quarter. Strs Ohio now owns 168,100 shares of the company’s stock worth $2,214,000 after acquiring an additional 120,500 shares during the period. Finally, Denali Advisors LLC bought a new stake in shares of MasterBrand during the third quarter worth approximately $3,179,000. Institutional investors own 87.32% of the company’s stock.
MasterBrand Stock Performance
Shares of MasterBrand stock opened at $7.70 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 2.08 and a debt-to-equity ratio of 0.82. MasterBrand, Inc. has a twelve month low of $6.61 and a twelve month high of $14.22. The stock has a market cap of $986.03 million, a price-to-earnings ratio of -385.01 and a beta of 1.54. The company’s fifty day moving average is $8.21 and its 200 day moving average is $10.20.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on MBC shares. Wall Street Zen cut MasterBrand from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Weiss Ratings cut MasterBrand from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.
Read Our Latest Stock Report on MBC
MasterBrand Company Profile
MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.
MasterBrand’s product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.
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