MasterBrand, Inc. (NYSE:MBC) Shares Purchased by Optimum Investment Advisors

Optimum Investment Advisors raised its holdings in shares of MasterBrand, Inc. (NYSE:MBC) by 1,700.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,000 shares of the company’s stock after buying an additional 8,500 shares during the period. Optimum Investment Advisors’ holdings in MasterBrand were worth $167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SageView Advisory Group LLC acquired a new position in shares of MasterBrand during the first quarter worth $25,000. Covestor Ltd lifted its position in shares of MasterBrand by 71.4% during the first quarter. Covestor Ltd now owns 1,596 shares of the company’s stock worth $30,000 after purchasing an additional 665 shares in the last quarter. Quest Partners LLC acquired a new position in shares of MasterBrand during the second quarter worth $36,000. GAMMA Investing LLC lifted its position in shares of MasterBrand by 51.2% during the first quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock worth $41,000 after purchasing an additional 748 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in shares of MasterBrand during the first quarter worth $43,000. 87.32% of the stock is owned by institutional investors and hedge funds.

MasterBrand Trading Up 1.7 %

NYSE MBC opened at $19.06 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.43 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $16.82 and its 200-day simple moving average is $16.54. The stock has a market cap of $2.42 billion, a P/E ratio of 13.42 and a beta of 1.49. MasterBrand, Inc. has a 52 week low of $10.53 and a 52 week high of $19.13.

MasterBrand (NYSE:MBC) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $676.50 million during the quarter. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%.

Insider Buying and Selling

In related news, Director Ann F. Hackett sold 17,589 shares of MasterBrand stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total value of $280,544.55. Following the completion of the sale, the director now owns 45,520 shares in the company, valued at approximately $726,044. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $15.95, for a total transaction of $280,544.55. Following the completion of the sale, the director now owns 45,520 shares in the company, valued at $726,044. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mark A. Young sold 4,715 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $16.33, for a total transaction of $76,995.95. Following the sale, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,806 shares of company stock worth $365,567. Insiders own 1.38% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.