Marathon Asset Management Ltd purchased a new stake in MasterBrand, Inc. (NYSE:MBC – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 742,876 shares of the company’s stock, valued at approximately $8,201,000.
Several other large investors have also added to or reduced their stakes in MBC. Stonehill Capital Management LLC lifted its position in MasterBrand by 311.5% in the 3rd quarter. Stonehill Capital Management LLC now owns 1,954,780 shares of the company’s stock valued at $25,744,000 after acquiring an additional 1,479,780 shares in the last quarter. Teacher Retirement System of Texas lifted its position in MasterBrand by 80.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 1,924,823 shares of the company’s stock valued at $25,350,000 after acquiring an additional 856,342 shares in the last quarter. UBS Group AG lifted its position in MasterBrand by 156.1% in the 4th quarter. UBS Group AG now owns 1,388,884 shares of the company’s stock valued at $15,333,000 after acquiring an additional 846,519 shares in the last quarter. Canyon Capital Advisors LLC lifted its position in MasterBrand by 69.0% in the 3rd quarter. Canyon Capital Advisors LLC now owns 1,800,000 shares of the company’s stock valued at $23,706,000 after acquiring an additional 734,854 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in MasterBrand by 6,255.0% in the 4th quarter. SG Americas Securities LLC now owns 737,874 shares of the company’s stock valued at $8,146,000 after acquiring an additional 726,263 shares in the last quarter. Institutional investors own 87.32% of the company’s stock.
MasterBrand Price Performance
MasterBrand stock opened at $6.83 on Wednesday. MasterBrand, Inc. has a 52 week low of $6.61 and a 52 week high of $14.22. The company’s 50 day moving average price is $8.28 and its two-hundred day moving average price is $10.34. The company has a quick ratio of 1.31, a current ratio of 2.08 and a debt-to-equity ratio of 0.82. The stock has a market cap of $873.53 million, a P/E ratio of -341.08 and a beta of 1.54.
Analyst Ratings Changes
Several brokerages recently weighed in on MBC. Weiss Ratings cut shares of MasterBrand from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, February 17th. Wall Street Zen cut shares of MasterBrand from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on MBC
About MasterBrand
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.
Featured Articles
- Five stocks we like better than MasterBrand
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Want to see what other hedge funds are holding MBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MasterBrand, Inc. (NYSE:MBC – Free Report).
Receive News & Ratings for MasterBrand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MasterBrand and related companies with MarketBeat.com's FREE daily email newsletter.
