Centiva Capital LP Acquires Shares of 21,072 MasterBrand, Inc. (NYSE:MBC)

Centiva Capital LP acquired a new stake in MasterBrand, Inc. (NYSE:MBC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 21,072 shares of the company’s stock, valued at approximately $391,000.

Other institutional investors also recently bought and sold shares of the company. Foundry Partners LLC acquired a new position in MasterBrand in the 3rd quarter valued at $4,952,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in MasterBrand in the 3rd quarter valued at $872,000. Segall Bryant & Hamill LLC acquired a new position in MasterBrand in the 3rd quarter valued at $1,669,000. Mawer Investment Management Ltd. acquired a new position in MasterBrand in the 2nd quarter valued at $9,873,000. Finally, Charles Schwab Investment Management Inc. increased its stake in MasterBrand by 18.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,092,694 shares of the company’s stock valued at $38,799,000 after buying an additional 330,874 shares during the period. 87.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Mark A. Young sold 4,715 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $16.33, for a total value of $76,995.95. Following the completion of the transaction, the chief accounting officer now owns 45,148 shares of the company’s stock, valued at approximately $737,266.84. The trade was a 9.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann F. Hackett sold 17,589 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were 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 directly owns 45,520 shares of the company’s stock, valued at $726,044. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.38% of the company’s stock.

Analysts Set New Price Targets

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

MasterBrand Price Performance

Shares of NYSE MBC opened at $16.78 on Tuesday. The firm has a market capitalization of $2.13 billion, a P/E ratio of 14.72 and a beta of 1.36. MasterBrand, Inc. has a one year low of $13.37 and a one year high of $20.67. The company’s fifty day moving average is $17.60 and its two-hundred day moving average is $16.61. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.02 and a current ratio of 1.82.

MasterBrand (NYSE:MBC) last issued its earnings results on Tuesday, November 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.34 by $0.06. The company had revenue of $718.10 million for the quarter. MasterBrand had a net margin of 5.46% and a return on equity of 15.51%.

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.