North Growth Management Ltd. Sells 3,000 Shares of MasterBrand, Inc. (NYSE:MBC)

North Growth Management Ltd. lessened its holdings in shares of MasterBrand, Inc. (NYSE:MBC) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 177,000 shares of the company’s stock after selling 3,000 shares during the quarter. North Growth Management Ltd. owned 0.14% of MasterBrand worth $2,583,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its holdings in MasterBrand by 11.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,926,048 shares of the company’s stock worth $91,329,000 after buying an additional 518,443 shares during the period. Geode Capital Management LLC raised its holdings in shares of MasterBrand by 4.2% during the third quarter. Geode Capital Management LLC now owns 3,400,366 shares of the company’s stock worth $63,053,000 after acquiring an additional 135,693 shares during the period. Pzena Investment Management LLC raised its holdings in shares of MasterBrand by 1.3% during the third quarter. Pzena Investment Management LLC now owns 2,838,716 shares of the company’s stock worth $52,630,000 after acquiring an additional 35,497 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in MasterBrand by 18.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,092,694 shares of the company’s stock worth $38,799,000 after purchasing an additional 330,874 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in MasterBrand by 58.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,425,966 shares of the company’s stock worth $26,437,000 after purchasing an additional 528,537 shares in the last quarter. 87.32% of the stock is owned by institutional investors and hedge funds.

MasterBrand Price Performance

NYSE MBC opened at $16.68 on Friday. The firm’s 50 day moving average is $16.10 and its 200-day moving average is $16.73. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $2.12 billion, a PE ratio of 14.63 and a beta of 1.58. MasterBrand, Inc. has a 12-month low of $13.90 and a 12-month high of $20.67.

Analyst Upgrades and Downgrades

Separately, Loop Capital upped their price objective on MasterBrand from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th.

About MasterBrand

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.