UBS Group AG raised its position in MasterBrand, Inc. (NYSE:MBC – Free Report) by 156.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,388,884 shares of the company’s stock after acquiring an additional 846,519 shares during the quarter. UBS Group AG owned approximately 1.10% of MasterBrand worth $15,333,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its stake in MasterBrand by 18.8% in the third quarter. Parkside Financial Bank & Trust now owns 5,178 shares of the company’s stock valued at $68,000 after acquiring an additional 821 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in MasterBrand by 26.7% in the third quarter. Jones Financial Companies Lllp now owns 5,579 shares of the company’s stock valued at $76,000 after acquiring an additional 1,177 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in MasterBrand by 1.4% in the second quarter. Gamco Investors INC. ET AL now owns 88,754 shares of the company’s stock valued at $970,000 after acquiring an additional 1,230 shares during the last quarter. CWM LLC lifted its stake in MasterBrand by 57.5% in the third quarter. CWM LLC now owns 3,414 shares of the company’s stock valued at $45,000 after acquiring an additional 1,247 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in MasterBrand by 3.4% in the third quarter. Amalgamated Bank now owns 37,519 shares of the company’s stock valued at $494,000 after acquiring an additional 1,250 shares during the last quarter. Institutional investors and hedge funds own 87.32% of the company’s stock.
MasterBrand Stock Performance
NYSE MBC opened at $6.97 on Thursday. The firm has a 50-day moving average of $8.47 and a 200-day moving average of $10.51. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.31 and a current ratio of 2.08. The stock has a market cap of $892.22 million, a PE ratio of -348.38 and a beta of 1.54. MasterBrand, Inc. has a 52-week low of $6.80 and a 52-week high of $14.22.
Analyst Ratings Changes
A number of analysts have commented on the stock. Weiss Ratings cut shares of MasterBrand from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 17th. Wall Street Zen cut shares of MasterBrand from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.
Read Our Latest Stock Analysis on MBC
MasterBrand 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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