Short Interest in MasterBrand, Inc. (NYSE:MBC) Declines By 28.8%

MasterBrand, Inc. (NYSE:MBC) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 3,220,000 shares, a decline of 28.8% from the December 15th total of 4,520,000 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average daily volume of 917,800 shares, the short-interest ratio is currently 3.5 days.

MasterBrand Stock Up 1.4 %

NYSE MBC traded up $0.23 during trading hours on Friday, reaching $17.07. 373,858 shares of the company traded hands, compared to its average volume of 969,770. The stock has a market capitalization of $2.17 billion, a PE ratio of 14.98 and a beta of 1.55. MasterBrand has a 12 month low of $13.37 and a 12 month high of $20.67. The company has a 50 day moving average of $16.02 and a two-hundred day moving average of $16.53. The company has a current ratio of 1.82, a quick ratio of 1.02 and a debt-to-equity ratio of 0.83.

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

Wall Street Analyst Weigh In

Separately, Loop Capital lifted their price objective on MasterBrand from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, October 17th.

Institutional Trading of MasterBrand

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new position in MasterBrand during the second quarter valued at $36,000. GAMMA Investing LLC lifted its position in shares of MasterBrand by 46.3% in 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 during the last quarter. Public Employees Retirement System of Ohio grew its holdings in MasterBrand by 52.4% during the third quarter. Public Employees Retirement System of Ohio now owns 3,535 shares of the company’s stock valued at $66,000 after purchasing an additional 1,216 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in MasterBrand by 39.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 4,783 shares of the company’s stock worth $89,000 after acquiring an additional 1,364 shares during the period. Finally, Optimum Investment Advisors lifted its position in shares of MasterBrand by 1,700.0% during the 3rd quarter. Optimum Investment Advisors now owns 9,000 shares of the company’s stock worth $167,000 after purchasing an additional 8,500 shares during the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.

MasterBrand Company 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.