Fox Run Management L.L.C. Acquires New Shares in MasterBrand, Inc. $MBC

Fox Run Management L.L.C. bought a new position in shares of MasterBrand, Inc. (NYSE:MBC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,726 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds also recently made changes to their positions in the stock. Penserra Capital Management LLC lifted its holdings in MasterBrand by 41.6% during the 2nd quarter. Penserra Capital Management LLC now owns 25,613 shares of the company’s stock worth $279,000 after purchasing an additional 7,524 shares in the last quarter. Versor Investments LP purchased a new position in MasterBrand during the 2nd quarter valued at about $916,000. Nixon Capital LLC increased its position in shares of MasterBrand by 14.6% during the second quarter. Nixon Capital LLC now owns 878,107 shares of the company’s stock valued at $9,598,000 after buying an additional 111,606 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of MasterBrand by 369.5% in the second quarter. Teacher Retirement System of Texas now owns 1,068,481 shares of the company’s stock worth $11,678,000 after buying an additional 840,900 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in shares of MasterBrand by 14.2% in the second quarter. AlphaQuest LLC now owns 90,876 shares of the company’s stock valued at $993,000 after acquiring an additional 11,312 shares during the period. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

MasterBrand Price Performance

Shares of NYSE:MBC opened at $10.16 on Friday. The company’s fifty day moving average price is $12.66 and its 200-day moving average price is $11.83. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.13. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 15.87 and a beta of 1.42. MasterBrand, Inc. has a one year low of $9.63 and a one year high of $18.43.

MasterBrand (NYSE:MBC) last posted its quarterly earnings data on Tuesday, June 13th. The company reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $777.10 million during the quarter. MasterBrand had a net margin of 3.00% and a return on equity of 10.88%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of MasterBrand from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of MasterBrand in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.00.

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.