MasterBrand, Inc. (NYSE:MBC) Short Interest Update

MasterBrand, Inc. (NYSE:MBC - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 4,070,000 shares, a growth of 33.4% from the March 15th total of 3,050,000 shares. Based on an average trading volume of 1,130,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 3.2% of the shares of the stock are sold short.

Institutional Trading of MasterBrand

Hedge funds have recently added to or reduced their stakes in the stock. Madison Avenue Partners LP acquired a new position in shares of MasterBrand during the fourth quarter worth $34,073,000. BlackRock Inc. lifted its holdings in shares of MasterBrand by 18.2% during the second quarter. BlackRock Inc. now owns 20,486,885 shares of the company's stock worth $238,262,000 after purchasing an additional 3,160,945 shares during the period. Select Equity Group L.P. acquired a new position in shares of MasterBrand during the fourth quarter worth $16,268,000. Morgan Stanley acquired a new position in shares of MasterBrand during the fourth quarter worth $15,251,000. Finally, Norges Bank acquired a new position in shares of MasterBrand during the fourth quarter worth $13,640,000. Institutional investors and hedge funds own 87.32% of the company's stock.

MasterBrand Price Performance

MasterBrand stock traded down $0.32 during mid-day trading on Monday, reaching $17.23. The company had a trading volume of 612,660 shares, compared to its average volume of 1,109,737. MasterBrand has a fifty-two week low of $7.32 and a fifty-two week high of $19.07. The company has a current ratio of 1.94, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58. The company has a market cap of $2.19 billion, a P/E ratio of 12.31 and a beta of 1.63. The business has a fifty day simple moving average of $17.08 and a 200 day simple moving average of $14.63.

MasterBrand (NYSE:MBC - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.06. MasterBrand had a net margin of 6.68% and a return on equity of 17.24%. The firm had revenue of $677.10 million for the quarter.

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.

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