Campbell & CO Investment Adviser LLC Purchases New Shares in MasterBrand, Inc. $MBC

Campbell & CO Investment Adviser LLC purchased a new stake in shares of MasterBrand, Inc. (NYSE:MBC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 40,958 shares of the company’s stock, valued at approximately $448,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its position in MasterBrand by 213.8% during the 1st quarter. Signaturefd LLC now owns 1,949 shares of the company’s stock valued at $25,000 after acquiring an additional 1,328 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of MasterBrand by 61.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 4,357 shares of the company’s stock worth $48,000 after purchasing an additional 1,655 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in MasterBrand during the 1st quarter valued at approximately $49,000. Eisler Capital Management Ltd. bought a new position in MasterBrand during the 1st quarter valued at approximately $135,000. Finally, Aristeia Capital L.L.C. bought a new stake in MasterBrand in the first quarter worth $160,000. Institutional investors own 87.32% of the company’s stock.

Analysts Set New Price Targets

MBC has been the topic of a number of analyst reports. Wall Street Zen cut shares of MasterBrand from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of MasterBrand in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.00.

MasterBrand Stock Performance

MBC opened at $10.16 on Friday. The company’s 50 day moving average is $12.66 and its 200 day moving average is $11.83. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 0.69. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 15.87 and a beta of 1.42. MasterBrand, Inc. has a 12-month low of $9.63 and a 12-month high of $18.43.

MasterBrand (NYSE:MBC) last released its quarterly earnings results on Tuesday, June 13th. The company reported $0.40 earnings per share for the quarter. The business had revenue of $777.10 million for the quarter. MasterBrand had a net margin of 3.00% and a return on equity of 10.88%.

MasterBrand Profile

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.