Coliseum Capital Management LLC purchased a new position in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,178,919 shares of the company's stock, valued at approximately $41,517,000. MasterBrand makes up approximately 3.5% of Coliseum Capital Management LLC's investment portfolio, making the stock its 10th biggest position. Coliseum Capital Management LLC owned about 2.51% of MasterBrand as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in MBC. Signaturefd LLC lifted its position in shares of MasterBrand by 213.8% during the first quarter. Signaturefd LLC now owns 1,949 shares of the company's stock worth $25,000 after purchasing an additional 1,328 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in MasterBrand in the first quarter valued at approximately $49,000. Public Employees Retirement System of Ohio increased its stake in MasterBrand by 36.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the company's stock valued at $70,000 after purchasing an additional 1,286 shares during the last quarter. Eisler Capital Management Ltd. purchased a new position in MasterBrand in the first quarter valued at approximately $135,000. Finally, Caxton Associates LP purchased a new position in MasterBrand in the fourth quarter valued at approximately $148,000. Institutional investors and hedge funds own 87.32% of the company's stock.
MasterBrand Stock Performance
Shares of MBC traded down $0.55 during mid-day trading on Tuesday, reaching $12.87. 512,007 shares of the company's stock were exchanged, compared to its average volume of 1,144,668. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.87 and a quick ratio of 1.12. The stock has a market capitalization of $1.63 billion, a PE ratio of 17.87 and a beta of 1.43. The business's fifty day simple moving average is $12.08 and its 200-day simple moving average is $11.89. MasterBrand, Inc. has a 52-week low of $9.63 and a 52-week high of $20.67.
MasterBrand (NYSE:MBC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.06. MasterBrand had a return on equity of 11.88% and a net margin of 3.37%.The firm had revenue of $730.90 million during the quarter, compared to the consensus estimate of $683.30 million.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of MasterBrand from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $15.00.
Check Out Our Latest Stock Analysis on MBC
About MasterBrand
(
Free Report)
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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