Seven Six Capital Management LLC Takes $771,000 Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Seven Six Capital Management LLC bought a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 94,200 shares of the company’s stock, valued at approximately $771,000. JELD-WEN accounts for approximately 0.7% of Seven Six Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Seven Six Capital Management LLC owned about 0.11% of JELD-WEN as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of JELD. Performa Ltd US LLC lifted its position in shares of JELD-WEN by 1,580.0% during the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after acquiring an additional 3,950 shares during the period. Quarry LP bought a new stake in shares of JELD-WEN during the 4th quarter valued at $46,000. US Bancorp DE lifted its position in shares of JELD-WEN by 257.6% during the 4th quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after acquiring an additional 7,025 shares during the period. Brevan Howard Capital Management LP bought a new stake in shares of JELD-WEN during the 4th quarter valued at $83,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of JELD-WEN during the 4th quarter valued at $100,000. 95.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Steven E. Wynne purchased 10,000 shares of JELD-WEN stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the transaction, the director now owns 28,000 shares of the company’s stock, valued at approximately $168,280. This represents a 55.56% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Turtle Creek Asset Management purchased 150,000 shares of JELD-WEN stock in a transaction on Tuesday, May 6th. The stock was bought at an average price of $4.26 per share, for a total transaction of $639,000.00. Following the transaction, the insider now directly owns 13,250,853 shares in the company, valued at approximately $56,448,633.78. The trade was a 1.14% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 864,404 shares of company stock valued at $4,662,392 in the last 90 days. Corporate insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on JELD shares. Royal Bank of Canada cut their target price on JELD-WEN from $5.00 to $2.00 and set an “underperform” rating for the company in a research report on Wednesday, May 7th. Truist Financial dropped their price objective on JELD-WEN from $11.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, February 19th. StockNews.com downgraded JELD-WEN from a “hold” rating to a “sell” rating in a research report on Wednesday. Loop Capital dropped their price objective on JELD-WEN from $8.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group dropped their price objective on JELD-WEN from $6.00 to $5.25 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.34.

JELD-WEN Price Performance

Shares of JELD stock opened at $4.04 on Friday. JELD-WEN Holding, Inc. has a twelve month low of $3.73 and a twelve month high of $17.70. The business has a fifty day simple moving average of $5.37 and a 200 day simple moving average of $7.80. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The company has a market cap of $344.45 million, a P/E ratio of -1.81 and a beta of 1.86.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The business had revenue of $776.00 million during the quarter, compared to analysts’ expectations of $769.25 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. On average, sell-side analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

JELD-WEN Company 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.