Natixis Advisors LLC reduced its holdings in shares of MasterBrand, Inc. (NYSE:MBC – Free Report) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,375 shares of the company’s stock after selling 1,873 shares during the quarter. Natixis Advisors LLC’s holdings in MasterBrand were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MBC. SageView Advisory Group LLC acquired a new position in MasterBrand during the first quarter worth approximately $25,000. Covestor Ltd grew its stake in MasterBrand by 71.4% in 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. GAMMA Investing LLC raised its position in shares of MasterBrand by 51.2% during the 1st quarter. GAMMA Investing LLC now owns 2,208 shares of the company’s stock valued at $41,000 after acquiring an additional 748 shares in the last quarter. Mather Group LLC. acquired a new position in MasterBrand in the first quarter valued at approximately $43,000. Finally, nVerses Capital LLC bought a new position in MasterBrand in the 2nd quarter worth approximately $75,000. Hedge funds and other institutional investors own 87.32% of the company’s stock.
Insider Transactions at MasterBrand
In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was 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 of the company’s stock, valued at $726,044. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.38% of the stock is currently owned by corporate insiders.
MasterBrand Stock Up 4.0 %
MasterBrand (NYSE:MBC – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. MasterBrand had a net margin of 6.69% and a return on equity of 16.58%. The firm had revenue of $676.50 million for the quarter.
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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