Pzena Investment Management LLC Sells 196,200 Shares of MasterBrand, Inc. (NYSE:MBC)

Pzena Investment Management LLC reduced its position in shares of MasterBrand, Inc. (NYSE:MBCFree Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,394,286 shares of the company’s stock after selling 196,200 shares during the period. Pzena Investment Management LLC owned 2.68% of MasterBrand worth $50,405,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MBC. HM Payson & Co. raised its stake in MasterBrand by 70.0% during the 3rd quarter. HM Payson & Co. now owns 2,975 shares of the company’s stock valued at $36,000 after purchasing an additional 1,225 shares during the last quarter. Whittier Trust Co. raised its stake in MasterBrand by 102.9% during the 4th quarter. Whittier Trust Co. now owns 3,112 shares of the company’s stock valued at $46,000 after purchasing an additional 1,578 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in MasterBrand during the 3rd quarter valued at $152,000. Aigen Investment Management LP acquired a new position in MasterBrand during the 4th quarter valued at $152,000. Finally, Oak Thistle LLC acquired a new position in MasterBrand during the 4th quarter valued at $153,000. 87.32% of the stock is owned by institutional investors.

MasterBrand Price Performance

Shares of MBC stock traded down $0.14 during mid-day trading on Thursday, reaching $16.19. The company’s stock had a trading volume of 60,812 shares, compared to its average volume of 989,609. MasterBrand, Inc. has a 1-year low of $10.13 and a 1-year high of $19.07. The company has a market cap of $2.06 billion, a P/E ratio of 11.50 and a beta of 1.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.34 and a current ratio of 2.06. The firm’s 50-day moving average is $17.48 and its two-hundred day moving average is $15.64.

MasterBrand (NYSE:MBCGet Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $677.10 million during the quarter. MasterBrand had a net margin of 6.86% and a return on equity of 16.75%.

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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