GSA Capital Partners LLP Invests $628,000 in MasterBrand, Inc. (NYSE:MBC)

Key Points

• GSA Capital Partners LLP invested $628,000 in MasterBrand, Inc., acquiring 48,087 shares in the first quarter.
• Multiple institutional investors, including Principal Financial Group and JPMorgan Chase & Co., have significantly increased their stakes in MasterBrand, indicating strong institutional interest.
• MasterBrand missed analysts' earnings expectations in its most recent quarter, reporting an EPS of $0.18 compared to the consensus estimate of $0.23.

GSA Capital Partners LLP acquired a new stake in MasterBrand, Inc. (NYSE:MBC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 48,087 shares of the company's stock, valued at approximately $628,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Gates Capital Management Inc. boosted its holdings in MasterBrand by 7.5% during the fourth quarter. Gates Capital Management Inc. now owns 9,489,578 shares of the company's stock worth $138,643,000 after buying an additional 658,807 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in MasterBrand by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,976,769 shares of the company's stock valued at $72,709,000 after acquiring an additional 226,818 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of MasterBrand by 0.4% during the first 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 period. Invesco Ltd. increased its stake in MasterBrand by 15.2% during the 4th quarter. Invesco Ltd. now owns 1,577,259 shares of the company's stock valued at $23,044,000 after buying an additional 208,568 shares during the period. Finally, Northern Trust Corp boosted its position 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 valued at $22,235,000 after purchasing an additional 187,666 shares in the last quarter. 87.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on MBC. Zelman & Associates reissued an "underperform" rating on shares of MasterBrand in a research report on Monday, April 14th. Loop Capital lowered their price objective on MasterBrand from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th.

MasterBrand Stock Up 9.1%

MBC stock traded up $1.04 on Wednesday, reaching $12.37. 8,041,858 shares of the company traded hands, compared to its average volume of 676,443. The company has a market cap of $1.57 billion, a P/E ratio of 15.85 and a beta of 1.42. MasterBrand, Inc. has a one year low of $9.63 and a one year high of $20.67. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.90 and a quick ratio of 1.10. The firm has a fifty day simple moving average of $10.97 and a 200-day simple moving average of $12.61.

MasterBrand (NYSE:MBC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.06. MasterBrand had a return on equity of 12.60% and a net margin of 3.74%. The company had revenue of $730.90 million for the quarter, compared to analysts' expectations of $683.30 million.

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.