Gamco Investors INC. ET AL Sells 50,229 Shares of MasterBrand, Inc. (NYSE:MBC)

Gamco Investors INC. ET AL lessened its stake in shares of MasterBrand, Inc. (NYSE:MBCFree Report) by 26.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,776 shares of the company’s stock after selling 50,229 shares during the period. Gamco Investors INC. ET AL owned 0.11% of MasterBrand worth $1,698,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MBC. UBS Group AG bought a new position in shares of MasterBrand in the 4th quarter valued at $712,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of MasterBrand in the 4th quarter valued at $125,000. HighTower Advisors LLC bought a new position in shares of MasterBrand in the 4th quarter valued at $154,000. Victory Capital Management Inc. bought a new position in shares of MasterBrand in the 4th quarter valued at $202,000. Finally, Advisor Group Holdings Inc. bought a new position in shares of MasterBrand in the 4th quarter valued at $225,000. Institutional investors own 87.87% of the company’s stock.

MasterBrand Trading Down 1.0 %

Shares of MBC opened at $14.57 on Friday. MasterBrand, Inc. has a 52-week low of $7.08 and a 52-week high of $15.69. The business’s fifty day moving average is $14.58 and its 200-day moving average is $13.04. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.13 and a current ratio of 1.86. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 11.75 and a beta of 1.45.

MasterBrand (NYSE:MBCGet Free Report) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.46 earnings per share for the quarter. The business had revenue of $677.30 million for the quarter. MasterBrand had a return on equity of 20.15% and a net margin of 5.69%.

MasterBrand Profile

(Free Report)

MasterBrand, Inc manufactures and sells residential cabinetry products for the kitchen, bathroom, and other parts of the home in North America. The company offers a range of cabinetry products under the Aristokraft, Decora, Diamond, Fieldstone Cabinetry, Homecrest, Kemper, KitchenCraft Cabinetry, Mantra, MC mid continent Cabinetry, Omega Cabinetry, Schrock, Starmark Cabinetry, Ultracraft, and Urban Effect Cabinetry brands.

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Institutional Ownership by Quarter for MasterBrand (NYSE:MBC)

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