MasterBrand, Inc. (NYSE:MBC) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its position in shares of MasterBrand, Inc. (NYSE:MBC) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,479 shares of the company’s stock after selling 2,210 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MasterBrand were worth $512,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MBC. State of Wyoming acquired a new position in MasterBrand during the fourth quarter worth $25,000. Tower Research Capital LLC TRC raised its holdings in shares of MasterBrand by 226.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,686 shares of the company’s stock worth $31,000 after acquiring an additional 1,864 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of MasterBrand in the fourth quarter worth $33,000. MetLife Investment Management LLC acquired a new position in shares of MasterBrand in the fourth quarter worth $34,000. Finally, Penserra Capital Management LLC acquired a new position in shares of MasterBrand in the fourth quarter worth $34,000. 87.32% of the stock is owned by institutional investors and hedge funds.

MasterBrand Stock Performance

NYSE MBC opened at $16.48 on Thursday. MasterBrand, Inc. has a fifty-two week low of $7.32 and a fifty-two week high of $19.07. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 11.77 and a beta of 1.63. The business has a fifty day moving average of $17.19 and a 200-day moving average of $14.68. The company has a quick ratio of 1.22, a current ratio of 1.94 and a debt-to-equity ratio of 0.58.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $677.10 million during the quarter. MasterBrand had a return on equity of 17.24% and a net margin of 6.68%.

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.