Miller Value Partners LLC Buys 2,065,370 Shares of JELD-WEN Holding, Inc. $JELD

Miller Value Partners LLC grew its stake in JELD-WEN Holding, Inc. (NYSE:JELD) by 99.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,134,210 shares of the company’s stock after purchasing an additional 2,065,370 shares during the quarter. JELD-WEN comprises approximately 3.6% of Miller Value Partners LLC’s holdings, making the stock its 10th largest holding. Miller Value Partners LLC owned 4.84% of JELD-WEN worth $10,170,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in JELD. Royal Bank of Canada lifted its stake in shares of JELD-WEN by 66.1% in the 1st quarter. Royal Bank of Canada now owns 53,641 shares of the company’s stock valued at $321,000 after purchasing an additional 21,346 shares during the period. AQR Capital Management LLC lifted its stake in shares of JELD-WEN by 37.5% in the 1st quarter. AQR Capital Management LLC now owns 375,806 shares of the company’s stock valued at $2,244,000 after purchasing an additional 102,543 shares during the period. Millennium Management LLC lifted its stake in shares of JELD-WEN by 42.7% in the 1st quarter. Millennium Management LLC now owns 902,802 shares of the company’s stock valued at $5,390,000 after purchasing an additional 270,226 shares during the period. Empowered Funds LLC lifted its stake in shares of JELD-WEN by 3.1% in the 1st quarter. Empowered Funds LLC now owns 442,547 shares of the company’s stock valued at $2,642,000 after purchasing an additional 13,115 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of JELD-WEN by 82.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company’s stock valued at $2,367,000 after purchasing an additional 179,615 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. UBS Group cut their price target on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen downgraded JELD-WEN from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of JELD-WEN in a research note on Friday, May 22nd. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $1.75 price objective on shares of JELD-WEN in a research report on Wednesday, May 6th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $2.11.

JELD-WEN Price Performance

JELD opened at $1.68 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 97.65. JELD-WEN Holding, Inc. has a 12 month low of $0.93 and a 12 month high of $6.98. The company has a fifty day simple moving average of $1.57 and a 200 day simple moving average of $2.02. The stock has a market cap of $144.30 million, a P/E ratio of -0.28 and a beta of 2.05.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). The firm had revenue of $722.13 million for the quarter, compared to the consensus estimate of $721.62 million. JELD-WEN had a negative return on equity of 65.79% and a negative net margin of 16.02%.

Insider Transactions at JELD-WEN

In other JELD-WEN news, Director Bruce M. Taten sold 19,483 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $1.66, for a total transaction of $32,341.78. Following the completion of the transaction, the director owned 88,158 shares in the company, valued at approximately $146,342.28. This represents a 18.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.87% of the company’s stock.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.