Russell Investments Group Ltd. Has $7.38 Million Stock Position in MasterBrand, Inc. (NYSE:MBC)

Russell Investments Group Ltd. lowered its stake in MasterBrand, Inc. (NYSE:MBC) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 496,885 shares of the company’s stock after selling 41,605 shares during the period. Russell Investments Group Ltd.’s holdings in MasterBrand were worth $7,379,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Factorial Partners LLC boosted its holdings in MasterBrand by 1.7% in the third quarter. Factorial Partners LLC now owns 122,400 shares of the company’s stock valued at $1,487,000 after acquiring an additional 2,000 shares during the last quarter. Vanguard Group Inc. grew its position in shares of MasterBrand by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 10,155,860 shares of the company’s stock worth $123,394,000 after buying an additional 377,278 shares during the period. Mackenzie Financial Corp raised its stake in shares of MasterBrand by 44.8% during the third quarter. Mackenzie Financial Corp now owns 21,353 shares of the company’s stock worth $244,000 after buying an additional 6,606 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in MasterBrand in the third quarter valued at approximately $945,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in MasterBrand by 0.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 286,181 shares of the company’s stock valued at $3,477,000 after acquiring an additional 1,067 shares during the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.

MasterBrand Price Performance

MBC opened at $17.48 on Wednesday. The company has a fifty day moving average price of $17.67 and a two-hundred day moving average price of $15.21. The firm has a market capitalization of $2.22 billion, a PE ratio of 12.49 and a beta of 1.82. MasterBrand, Inc. has a 52 week low of $8.03 and a 52 week high of $19.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.22 and a current ratio of 1.94.

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

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.