Citigroup Inc. Acquires Shares of 386,285 MasterBrand, Inc. (NYSE:MBC)

Citigroup Inc. bought a new position in shares of MasterBrand, Inc. (NYSE:MBC – Get Rating) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 386,285 shares of the company’s stock, valued at approximately $2,916,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MBC. Yousif Capital Management LLC bought a new stake in shares of MasterBrand during the fourth quarter worth $640,000. CGN Advisors LLC bought a new stake in shares of MasterBrand during the fourth quarter worth $138,000. State of Alaska Department of Revenue bought a new stake in shares of MasterBrand during the fourth quarter worth $679,000. Gateway Investment Advisers LLC bought a new stake in shares of MasterBrand during the fourth quarter worth $203,000. Finally, Wendell David Associates Inc. bought a new stake in shares of MasterBrand during the fourth quarter worth $78,000.

MasterBrand Trading Up 0.6 %

NYSE MBC opened at $10.92 on Tuesday. The firm has a 50-day moving average of $8.33. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.88. MasterBrand, Inc. has a 12 month low of $7.08 and a 12 month high of $15.00.

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

Analyst Ratings Changes

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

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.