Landscape Capital Management L.L.C. bought a new stake in MasterBrand, Inc. (NYSE:MBC – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,910 shares of the company’s stock, valued at approximately $232,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. IFP Advisors Inc acquired a new position in MasterBrand during the fourth quarter worth $47,000. State of Wyoming acquired a new position in shares of MasterBrand during the 4th quarter worth $25,000. Macquarie Group Ltd. acquired a new position in shares of MasterBrand during the 4th quarter worth $33,000. MetLife Investment Management LLC purchased a new stake in shares of MasterBrand in the 4th quarter worth about $34,000. Finally, Atlas Capital Advisors LLC acquired a new stake in MasterBrand in the 4th quarter valued at about $35,000. 88.13% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Loop Capital lifted their price objective on MasterBrand from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, July 24th.
MasterBrand Price Performance
MBC stock opened at $12.58 on Monday. The company has a 50 day moving average price of $11.91 and a two-hundred day moving average price of $10.09. The company has a quick ratio of 1.09, a current ratio of 1.95 and a debt-to-equity ratio of 0.71. MasterBrand, Inc. has a one year low of $7.08 and a one year high of $15.00.
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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