Russell Investments Group Ltd. Purchases New Position in MasterBrand, Inc. (NYSE:MBC)

Russell Investments Group Ltd. purchased a new stake in shares of MasterBrand, Inc. (NYSE:MBC – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 275,589 shares of the company’s stock, valued at approximately $2,081,000. Russell Investments Group Ltd. owned 0.22% of MasterBrand at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MBC. Eagle Bay Advisors LLC purchased a new position in MasterBrand during the 4th quarter valued at about $30,000. Atwood & Palmer Inc. purchased a new position in shares of MasterBrand during the 4th quarter worth approximately $36,000. IFP Advisors Inc purchased a new position in shares of MasterBrand during the 4th quarter worth approximately $47,000. Asset Management One Co. Ltd. purchased a new position in shares of MasterBrand during the 4th quarter worth approximately $49,000. Finally, DB Fitzpatrick & Co Inc purchased a new position in shares of MasterBrand during the 4th quarter worth approximately $54,000.

MasterBrand Price Performance

Shares of MBC opened at $10.86 on Monday. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average of $8.28. MasterBrand, Inc. has a 52 week low of $7.08 and a 52 week high of $15.00.

MasterBrand (NYSE:MBC – Get Rating) last issued its quarterly earnings results on Tuesday, March 7th. The company reported $0.52 EPS for the quarter. The company had revenue of $784.40 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Loop Capital upgraded MasterBrand from a “hold” rating to a “buy” rating and upped their target price for the stock from $9.00 to $13.00 in a report on Wednesday, May 10th.

MasterBrand Company Profile

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MasterBrand, Inc manufactures and sells residential cabinets for the kitchen, bathroom, and other parts of the home in North America. The company is based in Jasper, Indiana.