Quadrature Capital Ltd Sells 5,895 Shares of MasterBrand, Inc. (NYSE:MBC)

Quadrature Capital Ltd cut its holdings in shares of MasterBrand, Inc. (NYSE:MBC) by 32.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,451 shares of the company’s stock after selling 5,895 shares during the period. Quadrature Capital Ltd’s holdings in MasterBrand were worth $231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quest Partners LLC bought a new stake in MasterBrand during the 2nd quarter worth approximately $36,000. GAMMA Investing LLC grew its holdings in MasterBrand by 46.3% during the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock worth $52,000 after buying an additional 890 shares in the last quarter. nVerses Capital LLC purchased a new stake in MasterBrand in the 2nd quarter valued at $75,000. Optimum Investment Advisors lifted its stake in MasterBrand by 1,700.0% during the 3rd quarter. Optimum Investment Advisors now owns 9,000 shares of the company’s stock valued at $167,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in MasterBrand during the 3rd quarter worth $180,000. Institutional investors and hedge funds own 87.32% of the company’s stock.

Insider Buying and Selling

In related news, CAO Mark A. Young sold 4,715 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $16.33, for a total value of $76,995.95. Following the transaction, the chief accounting officer now owns 45,148 shares in the company, valued at approximately $737,266.84. This represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.38% of the stock is currently owned by corporate insiders.

MasterBrand Price Performance

Shares of NYSE MBC opened at $16.42 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $2.09 billion, a PE ratio of 14.40 and a beta of 1.36. The stock’s 50 day moving average price is $17.57 and its 200-day moving average price is $16.62. MasterBrand, Inc. has a twelve month low of $13.37 and a twelve month high of $20.67.

MasterBrand (NYSE:MBC) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The firm had revenue of $718.10 million during the quarter. MasterBrand had a return on equity of 15.51% and a net margin of 5.46%.

Wall Street Analysts Forecast Growth

Separately, Loop Capital raised their price target on shares of MasterBrand from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, October 17th.

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.