JELD-WEN Holding, Inc. (NYSE:JELD) Short Interest Up 63.7% in February

JELD-WEN Holding, Inc. (NYSE:JELD) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 4,910,000 shares, a growth of 63.7% from the February 13th total of 3,000,000 shares. Currently, 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 918,200 shares, the short-interest ratio is presently 5.3 days.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management purchased 86,801 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $5.62 per share, for a total transaction of $487,821.62. Following the purchase, the insider now directly owns 12,389,409 shares in the company, valued at $69,628,478.58. This trade represents a 0.71 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven E. Wynne purchased 10,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $6.01 per share, with a total value of $60,100.00. Following the acquisition, the director now directly owns 28,000 shares in the company, valued at $168,280. This represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 525,137 shares of company stock valued at $3,719,287. Company insiders own 1.03% of the company’s stock.

Institutional Trading of JELD-WEN

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Performa Ltd US LLC grew its stake 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 worth $34,000 after purchasing an additional 3,950 shares during the period. Quarry LP purchased a new position in JELD-WEN in the fourth quarter valued at $46,000. US Bancorp DE raised its position in shares of JELD-WEN by 257.6% in the fourth 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 period. MQS Management LLC acquired a new stake in shares of JELD-WEN during the 3rd quarter valued at about $160,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of JELD-WEN in the 4th quarter valued at about $83,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

JELD has been the topic of several recent analyst reports. Barclays reduced their target price on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Royal Bank of Canada decreased their price objective on shares of JELD-WEN from $7.00 to $5.00 and set an “underperform” rating for the company in a research note on Wednesday, February 19th. UBS Group cut their target price on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Loop Capital decreased their price target on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group dropped their price objective on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.06.

JELD-WEN Stock Performance

Shares of JELD opened at $6.14 on Monday. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The firm has a market cap of $520.55 million, a PE ratio of -2.75 and a beta of 2.22. JELD-WEN has a 12 month low of $5.44 and a 12 month high of $21.75. The stock has a fifty day moving average price of $7.76 and a 200-day moving average price of $10.84.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analyst estimates of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Equities research analysts predict that JELD-WEN will post 0.88 earnings per share 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.