Sanctuary Advisors LLC Decreases Holdings in MasterBrand, Inc. (NYSE:MBC)

Sanctuary Advisors LLC trimmed its stake in shares of MasterBrand, Inc. (NYSE:MBC) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,845 shares of the company’s stock after selling 774 shares during the period. Sanctuary Advisors LLC’s holdings in MasterBrand were worth $378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC lifted its holdings in MasterBrand by 33.3% during the third quarter. Quest Partners LLC now owns 3,285 shares of the company’s stock valued at $61,000 after purchasing an additional 821 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in MasterBrand by 52.4% during the third quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock valued at $66,000 after purchasing an additional 1,216 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in MasterBrand by 39.9% during the third quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock valued at $89,000 after purchasing an additional 1,364 shares in the last quarter. KBC Group NV lifted its holdings in MasterBrand by 52.0% during the fourth quarter. KBC Group NV now owns 5,800 shares of the company’s stock valued at $85,000 after purchasing an additional 1,983 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in MasterBrand during the third quarter valued at $180,000. 87.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Juliana L. Chugg acquired 6,989 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $14.17 per share, for a total transaction of $99,034.13. Following the completion of the transaction, the director now owns 33,424 shares in the company, valued at approximately $473,618.08. This trade represents a 26.44 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Loop Capital reduced their target price on shares of MasterBrand from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th.

MasterBrand Price Performance

Shares of NYSE MBC opened at $13.25 on Tuesday. The firm has a 50-day simple moving average of $15.86 and a 200-day simple moving average of $16.63. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 13.66 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 0.78. MasterBrand, Inc. has a 52 week low of $13.19 and a 52 week high of $20.67.

MasterBrand (NYSE:MBC) last issued its earnings results on Tuesday, February 18th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). The business had revenue of $667.70 million during the quarter, compared to analyst estimates of $722.85 million. MasterBrand had a net margin of 4.66% and a return on equity of 13.89%.

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.