Deerfield Management Company L.P. Series C Purchases 2,007 Shares of MasterBrand, Inc. (NYSE:MBC)

Deerfield Management Company L.P. Series C lifted its position in MasterBrand, Inc. (NYSE:MBC) by 15.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,837 shares of the company’s stock after buying an additional 2,007 shares during the period. Deerfield Management Company L.P. Series C’s holdings in MasterBrand were worth $218,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in MasterBrand by 3.4% in the first quarter. Vanguard Group Inc. now owns 10,646,110 shares of the company’s stock valued at $199,508,000 after acquiring an additional 346,346 shares during the period. Dimensional Fund Advisors LP grew its position in shares of MasterBrand by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,546,152 shares of the company’s stock valued at $66,738,000 after purchasing an additional 497,327 shares during the period. Thrivent Financial for Lutherans increased its stake in MasterBrand by 11.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 4,407,605 shares of the company’s stock worth $64,703,000 after purchasing an additional 448,840 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in MasterBrand by 23.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,797,378 shares of the company’s stock worth $26,691,000 after buying an additional 338,497 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in MasterBrand by 7.0% in the second quarter. Renaissance Technologies LLC now owns 1,442,018 shares of the company’s stock valued at $21,169,000 after buying an additional 94,800 shares in the last quarter. Institutional investors own 87.32% of the company’s stock.

Insider Activity 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 transaction, the director now owns 45,520 shares of the company’s stock, valued at approximately $726,044. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other 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 value of $280,544.55. Following the sale, the director now owns 45,520 shares of the company’s stock, valued at $726,044. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Mark A. Young sold 4,715 shares of the firm’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 completion of the transaction, the chief accounting officer now directly owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,806 shares of company stock valued at $365,567. 1.38% of the stock is owned by insiders.

MasterBrand Stock Up 3.4 %

Shares of MBC stock opened at $18.34 on Friday. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 12.92 and a beta of 1.49. MasterBrand, Inc. has a 12-month low of $10.53 and a 12-month high of $19.10. The firm has a fifty day moving average of $16.51 and a 200-day moving average of $16.57. The company has a quick ratio of 1.43, a current ratio of 2.24 and a debt-to-equity ratio of 0.55.

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

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.