Mercer Global Advisors Inc. ADV Acquires New Stake in MasterBrand, Inc. (NYSE:MBC)

Mercer Global Advisors Inc. ADV acquired a new stake in shares of MasterBrand, Inc. (NYSE:MBC – Get Rating) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 66,063 shares of the company’s stock, valued at approximately $499,000.

A number of other hedge funds also recently bought and sold shares of MBC. Eagle Bay Advisors LLC purchased a new stake in MasterBrand during the fourth quarter valued at $30,000. Atwood & Palmer Inc. purchased a new stake in MasterBrand during the fourth quarter valued at $36,000. IFP Advisors Inc purchased a new stake in MasterBrand during the fourth quarter valued at $47,000. Asset Management One Co. Ltd. purchased a new stake in MasterBrand during the fourth quarter valued at $49,000. Finally, DB Fitzpatrick & Co Inc bought a new stake in MasterBrand during the fourth quarter valued at about $54,000.

Analysts Set New Price Targets

Separately, Loop Capital raised MasterBrand from a “hold” rating to a “buy” rating and boosted their price target for the company from $9.00 to $13.00 in a report on Wednesday, May 10th.

MasterBrand Price Performance

NYSE:MBC opened at $10.86 on Monday. The firm’s 50-day moving average is $8.28. MasterBrand, Inc. has a 52-week low of $7.08 and a 52-week high of $15.00. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.08 and a quick ratio of 1.19.

MasterBrand (NYSE:MBC – Get Rating) last released its quarterly earnings results on Tuesday, March 7th. The company reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $784.40 million for the quarter.

About MasterBrand

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MasterBrand, Inc manufactures and sells residential cabinets for the kitchen, bathroom, and other parts of the home in North America. The company is based in Jasper, Indiana.