Raymond James & Associates lifted its stake in MasterBrand, Inc. (NYSE:MBC – Free Report) by 22.8% in the fourth quarter, HoldingsChannel reports. The fund owned 88,054 shares of the company’s stock after purchasing an additional 16,335 shares during the quarter. Raymond James & Associates’ holdings in MasterBrand were worth $1,308,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of MasterBrand in the 4th quarter worth approximately $25,000. Tower Research Capital LLC TRC lifted its stake in shares of MasterBrand by 226.8% in the 2nd 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 period. Macquarie Group Ltd. bought a new stake in shares of MasterBrand in the 4th quarter worth approximately $33,000. MetLife Investment Management LLC bought a new stake in shares of MasterBrand in the 4th quarter worth approximately $34,000. Finally, Penserra Capital Management LLC bought a new stake in shares of MasterBrand in the 4th quarter worth approximately $34,000. 87.32% of the stock is owned by institutional investors and hedge funds.
MasterBrand Stock Up 0.6 %
NYSE MBC opened at $16.63 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.94 and a quick ratio of 1.22. The company’s 50 day simple moving average is $17.27 and its 200 day simple moving average is $14.72. MasterBrand, Inc. has a 12 month low of $7.32 and a 12 month high of $19.07. The company has a market capitalization of $2.11 billion, a P/E ratio of 11.88 and a beta of 1.63.
MasterBrand 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.
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