GAMMA Investing LLC Acquires 748 Shares of MasterBrand, Inc. (NYSE:MBC)

GAMMA Investing LLC raised its holdings in shares of MasterBrand, Inc. (NYSE:MBC) by 51.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,208 shares of the company’s stock after purchasing an additional 748 shares during the period. GAMMA Investing LLC’s holdings in MasterBrand were worth $41,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of MasterBrand by 0.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 286,181 shares of the company’s stock valued at $3,477,000 after buying an additional 1,067 shares during the last quarter. Whittier Trust Co. boosted its holdings in MasterBrand by 102.9% in the fourth quarter. Whittier Trust Co. now owns 3,112 shares of the company’s stock worth $46,000 after purchasing an additional 1,578 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in MasterBrand by 22.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,658 shares of the company’s stock worth $188,000 after purchasing an additional 2,310 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in MasterBrand by 8.9% in the third quarter. Rafferty Asset Management LLC now owns 30,763 shares of the company’s stock worth $374,000 after purchasing an additional 2,521 shares during the last quarter. Finally, Avestar Capital LLC boosted its holdings in MasterBrand by 12.3% in the fourth quarter. Avestar Capital LLC now owns 28,979 shares of the company’s stock worth $430,000 after purchasing an additional 3,164 shares during the last quarter. Institutional investors own 87.32% of the company’s stock.

MasterBrand Trading Down 3.5 %

Shares of MBC stock opened at $14.46 on Wednesday. MasterBrand, Inc. has a 12-month low of $10.53 and a 12-month high of $19.07. The company has a current ratio of 2.06, a quick ratio of 1.34 and a debt-to-equity ratio of 0.55. The firm’s 50 day moving average is $16.30 and its 200 day moving average is $16.10. The stock has a market capitalization of $1.84 billion, a P/E ratio of 10.18 and a beta of 1.70.

MasterBrand (NYSE:MBC) last issued its earnings results on Tuesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter. The company had revenue of $638.10 million for the quarter. MasterBrand had a net margin of 6.86% and a return on equity of 16.75%.

MasterBrand 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.