One68 Global Capital LLC Purchases New Position in JELD-WEN Holding, Inc. (NYSE:JELD)

One68 Global Capital LLC purchased a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 457,459 shares of the company’s stock, valued at approximately $3,747,000. JELD-WEN makes up about 2.0% of One68 Global Capital LLC’s portfolio, making the stock its 12th largest holding. One68 Global Capital LLC owned approximately 0.54% of JELD-WEN at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Performa Ltd US LLC grew its position in shares of JELD-WEN by 1,580.0% in the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock worth $34,000 after buying an additional 3,950 shares during the last quarter. Quarry LP purchased a new position in shares of JELD-WEN in the 4th quarter worth about $46,000. US Bancorp DE raised its holdings in JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock worth $80,000 after acquiring an additional 7,025 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of JELD-WEN during the fourth quarter valued at $100,000. Finally, AXQ Capital LP bought a new stake in shares of JELD-WEN in the fourth quarter worth approximately $105,000. 95.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Royal Bank of Canada decreased their price objective on JELD-WEN from $7.00 to $5.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 19th. UBS Group lowered their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group decreased their price objective on shares of JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Barclays dropped their price objective on JELD-WEN from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Finally, Loop Capital decreased their target price on shares of JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.94.

Insider Transactions at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 72,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $6.08 per share, with a total value of $437,760.00. Following the transaction, the insider now directly owns 701,934 shares in the company, valued at $4,267,758.72. This trade represents a 11.43 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David G. Nord purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $5.96 per share, for a total transaction of $119,200.00. Following the transaction, the director now directly owns 40,000 shares in the company, valued at $238,400. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 714,404 shares of company stock worth $4,023,392 in the last 90 days. Insiders own 1.24% of the company’s stock.

JELD-WEN Stock Down 0.7 %

JELD-WEN stock opened at $5.53 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The stock has a market capitalization of $472.07 million, a PE ratio of -2.48 and a beta of 1.93. The business has a 50 day simple moving average of $5.69 and a 200-day simple moving average of $8.69. JELD-WEN Holding, Inc. has a 12 month low of $4.91 and a 12 month high of $20.95.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.20). JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The firm had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. On average, analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

JELD-WEN Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.