AlphaQuest LLC Purchases 11,312 Shares of MasterBrand, Inc. $MBC

AlphaQuest LLC grew its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 14.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 90,876 shares of the company’s stock after acquiring an additional 11,312 shares during the period. AlphaQuest LLC’s holdings in MasterBrand were worth $993,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Gates Capital Management Inc. grew its stake in shares of MasterBrand by 1.9% in the first quarter. Gates Capital Management Inc. now owns 9,669,562 shares of the company’s stock worth $126,284,000 after purchasing an additional 179,984 shares during the last quarter. Boston Partners boosted its position in MasterBrand by 49.5% during the first quarter. Boston Partners now owns 7,827,706 shares of the company’s stock valued at $101,927,000 after acquiring an additional 2,590,583 shares during the last quarter. Pzena Investment Management LLC boosted its position in MasterBrand by 45.3% during the second quarter. Pzena Investment Management LLC now owns 4,154,751 shares of the company’s stock valued at $45,411,000 after acquiring an additional 1,295,267 shares during the last quarter. Coliseum Capital Management LLC bought a new stake in MasterBrand during the first quarter valued at $41,517,000. Finally, Charles Schwab Investment Management Inc. boosted its position in MasterBrand by 4.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,510,270 shares of the company’s stock valued at $32,784,000 after acquiring an additional 106,290 shares during the last quarter. Institutional investors own 87.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MBC has been the topic of a number of research analyst reports. Wall Street Zen raised shares of MasterBrand from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of MasterBrand in a report on Saturday. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.

MasterBrand Stock Down 1.4%

Shares of NYSE:MBC opened at $12.81 on Friday. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 17.80 and a beta of 1.42. The company has a quick ratio of 1.12, a current ratio of 1.87 and a debt-to-equity ratio of 0.73. MasterBrand, Inc. has a 12-month low of $9.63 and a 12-month high of $20.67. The business’s 50 day moving average is $13.03 and its 200 day moving average is $11.85.

MasterBrand (NYSE:MBC) last posted its quarterly earnings data on Tuesday, June 13th. The company reported $0.40 EPS for the quarter. The firm had revenue of $777.10 million during the quarter. MasterBrand had a net margin of 3.37% and a return on equity of 11.88%.

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.