Gabelli Funds LLC Decreases Stock Position in MasterBrand, Inc. (NYSE:MBC)

Gabelli Funds LLC cut its holdings in MasterBrand, Inc. (NYSE:MBCFree Report) by 55.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,000 shares of the company’s stock after selling 52,590 shares during the period. Gabelli Funds LLC’s holdings in MasterBrand were worth $624,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MBC. Avestar Capital LLC lifted its holdings in MasterBrand by 12.3% in the 4th quarter. Avestar Capital LLC now owns 28,979 shares of the company’s stock valued at $430,000 after purchasing an additional 3,164 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in MasterBrand in the 4th quarter valued at about $211,000. Allianz Asset Management GmbH lifted its holdings in MasterBrand by 45.0% in the 4th quarter. Allianz Asset Management GmbH now owns 210,643 shares of the company’s stock valued at $3,128,000 after purchasing an additional 65,390 shares in the last quarter. Giverny Capital Inc. lifted its holdings in MasterBrand by 0.4% in the 4th quarter. Giverny Capital Inc. now owns 912,988 shares of the company’s stock valued at $13,558,000 after purchasing an additional 3,610 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in MasterBrand in the 4th quarter valued at about $152,000. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

MasterBrand Price Performance

NYSE:MBC opened at $16.04 on Tuesday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 11.30 and a beta of 1.70. The company has a current ratio of 2.06, a quick ratio of 1.34 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average is $16.88 and its two-hundred day moving average is $15.99. MasterBrand, Inc. has a 12-month low of $10.53 and a 12-month high of $19.07.

MasterBrand (NYSE:MBCGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.29 EPS for the quarter. MasterBrand had a net margin of 6.86% and a return on equity of 16.75%. The company had revenue of $638.10 million during the quarter.

MasterBrand Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MasterBrand (NYSE:MBC)

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