PNC Financial Services Group Inc. lessened its holdings in MasterBrand, Inc. (NYSE:MBC – Free Report) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,824 shares of the company’s stock after selling 7,116 shares during the period. PNC Financial Services Group Inc. owned 0.07% of MasterBrand worth $1,031,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of MBC. Advisor Partners II LLC raised its position in shares of MasterBrand by 9.0% during the first quarter. Advisor Partners II LLC now owns 11,820 shares of the company’s stock valued at $95,000 after buying an additional 979 shares during the last quarter. HM Payson & Co. increased its stake in MasterBrand by 70.0% in the third quarter. HM Payson & Co. now owns 2,975 shares of the company’s stock valued at $36,000 after acquiring an additional 1,225 shares during the period. American Century Companies Inc. increased its stake in MasterBrand by 13.2% in the first quarter. American Century Companies Inc. now owns 11,689 shares of the company’s stock valued at $90,000 after acquiring an additional 1,363 shares during the period. HighTower Advisors LLC increased its stake in MasterBrand by 7.6% in the third quarter. HighTower Advisors LLC now owns 19,362 shares of the company’s stock valued at $237,000 after acquiring an additional 1,371 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in MasterBrand by 0.4% in the second quarter. Nuveen Asset Management LLC now owns 352,074 shares of the company’s stock valued at $4,095,000 after acquiring an additional 1,471 shares during the period. Institutional investors and hedge funds own 87.87% of the company’s stock.
MasterBrand Stock Performance
NYSE MBC opened at $15.39 on Monday. The stock has a market cap of $1.95 billion, a P/E ratio of 12.41 and a beta of 1.45. The company’s 50-day simple moving average is $14.68 and its 200 day simple moving average is $13.24. MasterBrand, Inc. has a twelve month low of $7.08 and a twelve month high of $15.69. The company has a quick ratio of 1.13, a current ratio of 1.86 and a debt-to-equity ratio of 0.60.
About MasterBrand
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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Source: americanbankingnews.com
