Renaissance Technologies LLC Sells 519,600 Shares of MasterBrand, Inc. $MBC

Renaissance Technologies LLC lowered its position in MasterBrand, Inc. (NYSE:MBC) by 22.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,752,263 shares of the company’s stock after selling 519,600 shares during the quarter. Renaissance Technologies LLC’s holdings in MasterBrand were worth $14,561,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MBC. Royal Bank of Canada boosted its position in MasterBrand by 12.8% during the first quarter. Royal Bank of Canada now owns 55,615 shares of the company’s stock worth $726,000 after purchasing an additional 6,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of MasterBrand by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 75,362 shares of the company’s stock valued at $984,000 after purchasing an additional 3,292 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of MasterBrand by 4.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,517,294 shares of the company’s stock valued at $19,816,000 after buying an additional 59,879 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of MasterBrand by 10.7% during the 1st quarter. Jane Street Group LLC now owns 357,305 shares of the company’s stock valued at $4,666,000 after buying an additional 34,422 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of MasterBrand by 71.1% during the 1st quarter. Intech Investment Management LLC now owns 119,325 shares of the company’s stock valued at $1,558,000 after buying an additional 49,578 shares in the last quarter. 87.32% of the stock is owned by hedge funds and other institutional investors.

MasterBrand Stock Up 1.4%

MBC stock opened at $8.26 on Friday. The stock has a 50-day simple moving average of $8.90 and a two-hundred day simple moving average of $9.49. MasterBrand, Inc. has a twelve month low of $6.61 and a twelve month high of $14.22. The firm has a market capitalization of $1.06 billion, a PE ratio of -412.99 and a beta of 1.38. The company has a quick ratio of 1.31, a current ratio of 2.08 and a debt-to-equity ratio of 0.82.

MasterBrand (NYSE:MBC) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10. MasterBrand had a negative net margin of 0.07% and a positive return on equity of 7.35%. The firm had revenue of $618.00 million for the quarter, compared to the consensus estimate of $591.35 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. MasterBrand has set its Q2 2026 guidance at 0.030-0.13 EPS.

Insider Activity at MasterBrand

In other news, Director David D. Petratis bought 11,587 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were acquired at an average price of $8.82 per share, with a total value of $102,197.34. Following the acquisition, the director owned 69,915 shares of the company’s stock, valued at approximately $616,650.30. The trade was a 19.87% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Philip D. Fracassa bought 5,000 shares of the stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $9.11 per share, for a total transaction of $45,550.00. Following the completion of the purchase, the director directly owned 45,041 shares in the company, valued at approximately $410,323.51. This represents a 12.49% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 81,587 shares of company stock valued at $696,347 in the last quarter. 2.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MBC has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of MasterBrand from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Weiss Ratings restated a “sell (d)” rating on shares of MasterBrand in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

MasterBrand Profile

MasterBrand Inc is one of the largest manufacturers of cabinetry and home storage solutions in North America. The company specializes in designing, producing and distributing kitchen and bath cabinetry for both new construction and the remodeling markets. Its offerings span a broad spectrum of styles and price points, serving homebuilders, home improvement retailers and independent dealers.

MasterBrand’s product portfolio includes framed and frameless cabinet lines, bath vanities, closet systems and other organizational accessories.