JELD-WEN Holding, Inc. (NYSE:JELD) Short Interest Down 11.0% in January

JELD-WEN Holding, Inc. (NYSE:JELD) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 2,680,000 shares, a drop of 11.0% from the January 15th total of 3,010,000 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average daily volume of 772,700 shares, the days-to-cover ratio is presently 3.5 days.

Insiders Place Their Bets

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 75,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was purchased at an average cost of $8.46 per share, for a total transaction of $634,500.00. Following the acquisition, the insider now owns 12,320,226 shares in the company, valued at approximately $104,229,111.96. The trade was a 0.61 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 310,000 shares of company stock worth $2,463,500. 1.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Performa Ltd US LLC boosted its stake in 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 purchasing an additional 3,950 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after purchasing an additional 1,284 shares in the last quarter. Quarry LP purchased a new position in shares of JELD-WEN during the fourth quarter valued at approximately $46,000. US Bancorp DE boosted its position in shares of JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company’s stock valued at $80,000 after buying an additional 7,025 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in JELD-WEN during the fourth quarter worth $83,000. 95.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank of Canada cut their target price on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 18th. UBS Group reaffirmed a “neutral” rating and set a $9.00 price objective (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. B. Riley lowered their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 14th. Finally, Barclays decreased their price target on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.75.

JELD-WEN Stock Down 23.7 %

JELD stock traded down $2.09 during midday trading on Tuesday, reaching $6.71. 4,665,783 shares of the company’s stock traded hands, compared to its average volume of 802,404. JELD-WEN has a 52 week low of $6.60 and a 52 week high of $21.75. The company has a market cap of $567.38 million, a price-to-earnings ratio of -3.66 and a beta of 2.17. The firm’s fifty day moving average price is $8.91 and its 200-day moving average price is $11.95. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

About JELD-WEN

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.