Susquehanna International Group LLP Increases Holdings in MasterBrand, Inc. (NYSE:MBC)

Susquehanna International Group LLP raised its stake in MasterBrand, Inc. (NYSE:MBC - Free Report) by 307.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 130,490 shares of the company's stock after acquiring an additional 98,439 shares during the period. Susquehanna International Group LLP owned approximately 0.10% of MasterBrand worth $1,906,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MBC. Smartleaf Asset Management LLC raised its position in 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 buying an additional 1,549 shares during the last quarter. KBC Group NV grew its stake in shares of 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 acquiring an additional 1,983 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of MasterBrand during the fourth quarter valued at approximately $150,000. Cibc World Markets Corp bought a new position in MasterBrand during the fourth quarter valued at approximately $173,000. Finally, CIBC Asset Management Inc boosted its holdings in MasterBrand by 6.1% in the fourth quarter. CIBC Asset Management Inc now owns 12,885 shares of the company's stock worth $188,000 after purchasing an additional 736 shares during the last quarter. 87.32% of the stock is currently owned by institutional investors.

MasterBrand Trading Down 4.6 %

NYSE:MBC opened at $9.87 on Friday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.18 and a beta of 1.74. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.65 and a quick ratio of 1.02. The business has a fifty day moving average price of $12.43 and a 200-day moving average price of $14.97. MasterBrand, Inc. has a one year low of $9.78 and a one year high of $20.67.

MasterBrand (NYSE:MBC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate 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 return on equity of 13.89% and a net margin of 4.66%.

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

Insiders Place Their Bets

In other MasterBrand news, Director Juliana L. Chugg acquired 6,989 shares of the stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $14.17 per share, for a total transaction of $99,034.13. Following the completion of the transaction, the director now directly owns 33,424 shares of the company's stock, valued at approximately $473,618.08. The trade was a 26.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Crisci bought 20,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $14.08 per share, for a total transaction of $281,600.00. Following the purchase, the director now directly owns 66,435 shares in the company, valued at $935,404.80. This trade represents a 43.07 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.38% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Loop Capital dropped their price target on MasterBrand from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday. 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.

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