Squarepoint Ops LLC Makes New $602,000 Investment in MasterBrand, Inc. (NYSE:MBC)

Squarepoint Ops LLC bought a new position in shares of MasterBrand, Inc. (NYSE:MBC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 41,211 shares of the company's stock, valued at approximately $602,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its position in shares of MasterBrand by 150.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,577 shares of the company's stock worth $37,000 after purchasing an additional 1,549 shares during the period. KBC Group NV raised its stake in MasterBrand by 52.0% in the fourth quarter. KBC Group NV now owns 5,800 shares of the company's stock worth $85,000 after buying an additional 1,983 shares in the last quarter. Caxton Associates LP bought a new position in MasterBrand in the fourth quarter worth approximately $148,000. Proficio Capital Partners LLC purchased a new position in shares of MasterBrand in the 4th quarter valued at $150,000. Finally, Cetera Investment Advisers purchased a new position in shares of MasterBrand in the 4th quarter valued at $164,000. Hedge funds and other institutional investors own 87.32% of the company's stock.

MasterBrand Stock Up 0.7%

Shares of NYSE:MBC traded up $0.08 on Friday, reaching $10.41. The company had a trading volume of 505,313 shares, compared to its average volume of 983,095. The firm has a market capitalization of $1.32 billion, a PE ratio of 10.73 and a beta of 1.42. MasterBrand, Inc. has a 52-week low of $9.63 and a 52-week high of $20.67. The company has a current ratio of 1.65, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. The firm's 50 day simple moving average is $11.22 and its 200-day simple moving average is $14.01.

MasterBrand (NYSE:MBC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). MasterBrand had a return on equity of 13.89% and a net margin of 4.66%. The firm had revenue of $660.30 million during the quarter, compared to analysts' expectations of $663.95 million.

MasterBrand declared that its board has initiated a stock buyback program on Monday, March 17th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Loop Capital cut their price target on MasterBrand from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Zelman & Associates reiterated an "underperform" rating on shares of MasterBrand in a report on Monday, April 14th.

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.