Atria Investments Inc Sells 916 Shares of MasterBrand, Inc. (NYSE:MBC)

Atria Investments Inc lessened its position in MasterBrand, Inc. (NYSE:MBC) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,179 shares of the company’s stock after selling 916 shares during the quarter. Atria Investments Inc’s holdings in MasterBrand were worth $485,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of MBC. Covestor Ltd increased its position in shares of MasterBrand by 71.4% during the 1st quarter. Covestor Ltd now owns 1,596 shares of the company’s stock worth $30,000 after purchasing an additional 665 shares during the last quarter. Quest Partners LLC acquired a new position in MasterBrand during the second quarter worth $36,000. GAMMA Investing LLC raised its position in MasterBrand by 46.3% during the third quarter. GAMMA Investing LLC now owns 2,814 shares of the company’s stock worth $52,000 after acquiring an additional 890 shares in the last quarter. nVerses Capital LLC acquired a new stake in MasterBrand in the second quarter valued at $75,000. Finally, Optimum Investment Advisors grew its position in shares of MasterBrand by 1,700.0% in the 3rd quarter. Optimum Investment Advisors now owns 9,000 shares of the company’s stock valued at $167,000 after acquiring an additional 8,500 shares during the period. Institutional investors own 87.32% of the company’s stock.

Insider Buying and Selling

In other MasterBrand news, Director Ann F. Hackett sold 17,589 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $15.95, for a total value of $280,544.55. Following the transaction, the director now directly owns 45,520 shares of the company’s stock, valued at $726,044. This represents a 27.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Mark A. Young sold 4,715 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $16.33, for a total value of $76,995.95. Following the transaction, the chief accounting officer now owns 45,148 shares in the company, valued at $737,266.84. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,806 shares of company stock valued at $365,567. Company insiders own 1.38% of the company’s stock.

MasterBrand Stock Performance

MBC opened at $16.42 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83. MasterBrand, Inc. has a 12-month low of $12.86 and a 12-month high of $20.67. The business has a 50 day moving average of $17.77 and a 200-day moving average of $16.58. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 14.40 and a beta of 1.53.

MasterBrand (NYSE:MBC) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.40 EPS 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 firm had revenue of $718.10 million during the quarter.

Analysts Set New Price Targets

Separately, Loop Capital upped their target price on shares of MasterBrand from $20.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, October 17th.

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.