Think Investments Lp Lowers stake in Masonite International Corp (DOOR)

Masonite International Corp (DOOR) : Think Investments Lp reduced its stake in Masonite International Corp by 21.84% during the most recent quarter end. The investment management company now holds a total of 560,283 shares of Masonite International Corp which is valued at $37,510,947 after selling 156,571 shares in Masonite International Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Masonite International Corp makes up approximately 16.67% of Think Investments Lp’s portfolio.

Other Hedge Funds, Including , Numeric Investors sold out all of its stake in DOOR during the most recent quarter. The investment firm sold 5,200 shares of DOOR which is valued $348,140.Artisan Partners Limited Partnership boosted its stake in DOOR in the latest quarter, The investment management firm added 80,983 additional shares and now holds a total of 244,939 shares of Masonite International Corp which is valued at $15,529,133. Masonite International Corp makes up approx 0.03% of Artisan Partners Limited Partnership’s portfolio. Ruggie Capital Group sold out all of its stake in DOOR during the most recent quarter. The investment firm sold 112 shares of DOOR which is valued $7,101.Blackrock Advisors reduced its stake in DOOR by selling 4,226 shares or 6.79% in the most recent quarter. The Hedge Fund company now holds 57,968 shares of DOOR which is valued at $3,307,074.Rhumbline Advisers boosted its stake in DOOR in the latest quarter, The investment management firm added 1,169 additional shares and now holds a total of 32,565 shares of Masonite International Corp which is valued at $1,857,833. Masonite International Corp makes up approx 0.01% of Rhumbline Advisers’s portfolio.

Masonite International Corp (DOOR) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $67.3 and reached the intraday high at $68. The bulls started the profit booking and pushed the shares to intraday low of $67. The trading session was marked by a volume range of 1,64,523 shares exchanging hands. The 52-week high of the shares is $72.75 and the 52-week low is $45.14. The market cap of the company stands at $2,014 M and there are 2,99,91,791 shares in public circulation.

On the company’s financial health, Masonite International Corp reported $1.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $0.89. The company had revenue of $514.00 million for the quarter, compared to analysts expectations of $512.99 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on Masonite International Corp. Company shares were Upgraded by Stifel on Nov 10, 2016 to ” Buy”, Firm has raised the Price Target to $ 72 from a previous price target of $62 .

Masonite International Corporation is a designer and manufacturer of interior and exterior doors for residential construction residential repair renovation and remodeling and the non-residential building construction markets. The Company markets and sells its products to remodeling contractors builders homeowners retailers dealers lumberyards commercial and general contractors and architects through wholesale and retail distribution channels. Its portfolio of brands include Masonite Marshfield Premdor Mohawk Megantic Algoma Birchwood Best Lemieux Door-Stop and Harring Doors among others. Its other products also include the Vista Grande Storm Guard AvantGuard and Heritage Collection. Its product lines include residential doors architectural doors and components. The Company operates under the following geographical segments: North America; Europe Asia and Latin America and Africa.

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