1,167,688 Shares in MasterBrand, Inc. (NYSE:MBC) Purchased by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. acquired 1,167,688 shares of MasterBrand, Inc. for approximately $15.25 million, increasing its ownership to 0.92% of the company as of the end of the first quarter.
• MasterBrand reported earnings per share (EPS) of $0.18 for the most recent quarter, missing the consensus estimate of $0.23, with revenues slightly below expectations at $660.30 million.
• Institutional investors hold approximately 87.32% of MasterBrand's stock, highlighting a significant interest from large investors in the company.

Pacer Advisors Inc. purchased a new position in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,167,688 shares of the company's stock, valued at approximately $15,250,000. Pacer Advisors Inc. owned 0.92% of MasterBrand as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MBC. Signaturefd LLC boosted its position in MasterBrand by 213.8% during the 1st quarter. Signaturefd LLC now owns 1,949 shares of the company's stock worth $25,000 after acquiring an additional 1,328 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of MasterBrand by 36.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,821 shares of the company's stock valued at $70,000 after acquiring an additional 1,286 shares in the last quarter. Caxton Associates LP purchased a new stake in MasterBrand in the 4th quarter worth about $148,000. Proficio Capital Partners LLC acquired a new stake in MasterBrand during the 4th quarter worth about $150,000. Finally, Cetera Investment Advisers purchased a new position in MasterBrand during the fourth quarter valued at approximately $164,000. Institutional investors and hedge funds own 87.32% of the company's stock.

MasterBrand Stock Down 1.1%

Shares of NYSE MBC traded down $0.13 during mid-day trading on Wednesday, reaching $11.41. 77,092 shares of the company traded hands, compared to its average volume of 1,015,400. The stock has a market cap of $1.45 billion, a PE ratio of 14.62 and a beta of 1.43. The company's fifty day moving average is $10.85 and its two-hundred day moving average is $12.79. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.10 and a current ratio of 1.90. 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 released its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). The company had revenue of $660.30 million during the quarter, compared to the consensus estimate of $663.95 million. MasterBrand had a net margin of 3.74% and a return on equity of 12.60%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MBC shares. Loop Capital dropped their price objective on shares of MasterBrand from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Zelman & Associates reissued an "underperform" rating on shares of MasterBrand in a report on Monday, April 14th.

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.