60,723 Shares in MasterBrand, Inc. (NYSE:MBC) Acquired by Bryce Point Capital LLC

Key Points

• Bryce Point Capital LLC has invested approximately $814,000 in MasterBrand, purchasing 60,723 shares during the 1st quarter.
• MasterBrand recently missed analysts' earnings expectations, reporting $0.18 EPS against a forecast of $0.23 EPS.
• Institutional investors control 87.32% of MasterBrand's stock, reflecting significant institutional interest in the company.

Bryce Point Capital LLC purchased a new stake in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 60,723 shares of the company's stock, valued at approximately $814,000.

Other large investors have also made changes to their positions in the company. Gates Capital Management Inc. increased its stake in MasterBrand by 7.5% in the 4th quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company's stock valued at $138,643,000 after buying an additional 658,807 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of MasterBrand by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,976,769 shares of the company's stock worth $72,709,000 after purchasing an additional 226,818 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of MasterBrand by 0.4% during the 1st quarter. Pzena Investment Management LLC now owns 2,859,484 shares of the company's stock worth $37,345,000 after purchasing an additional 11,599 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of MasterBrand by 15.2% during the 4th quarter. Invesco Ltd. now owns 1,577,259 shares of the company's stock worth $23,044,000 after buying an additional 208,568 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of MasterBrand by 14.1% during the 4th quarter. Northern Trust Corp now owns 1,521,870 shares of the company's stock worth $22,235,000 after buying an additional 187,666 shares during the period. Institutional investors and hedge funds own 87.32% of the company's stock.

Wall Street Analyst Weigh In

MBC has been the subject of a number of research reports. Zelman & Associates reissued an "underperform" rating on shares of MasterBrand in a report on Monday, April 14th. Loop Capital reduced their price objective on shares of MasterBrand from $16.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, May 7th.

MasterBrand Price Performance

Shares of MasterBrand stock traded down $0.14 during mid-day trading on Thursday, reaching $11.12. 273,721 shares of the stock were exchanged, compared to its average volume of 1,014,059. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 14.26 and a beta of 1.43. The company has a current ratio of 1.90, a quick ratio of 1.10 and a debt-to-equity ratio of 0.81. The firm has a 50-day simple moving average of $10.87 and a 200 day simple moving average of $12.78. MasterBrand, Inc. has a fifty-two week low of $9.63 and a fifty-two week high of $20.67.

MasterBrand (NYSE:MBC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). The firm had revenue of $660.30 million for the quarter, compared to analyst estimates of $663.95 million. MasterBrand had a return on equity of 12.60% and a net margin of 3.74%.

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.