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

JELD-WEN Holding, Inc. (NYSE:JELD) saw a significant 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. Based on an average trading volume of 918,200 shares, the days-to-cover ratio is presently 5.3 days. Currently, 5.9% of the shares of the company are sold short.

JELD-WEN Stock Performance

Shares of NYSE:JELD opened at $6.14 on Friday. JELD-WEN has a twelve month low of $5.44 and a twelve month high of $21.75. The firm has a market cap of $520.55 million, a PE ratio of -2.75 and a beta of 2.22. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The business has a fifty day moving average of $7.79 and a 200-day moving average of $10.94.

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

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 125,000 shares of JELD-WEN stock in a transaction dated Tuesday, January 7th. The stock was bought at an average cost of $7.90 per share, with a total value of $987,500.00. Following the completion of the transaction, the insider now owns 12,042,190 shares of the company’s stock, valued at $95,133,301. The trade was a 1.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven E. Wynne bought 10,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $6.01 per share, with a total value of $60,100.00. Following the completion of the transaction, the director now owns 28,000 shares of the company’s stock, valued at $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 525,137 shares of company stock valued at $3,719,287. 1.03% of the stock is owned by company insiders.

Institutional Trading of JELD-WEN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Diversified Trust Co increased its position in JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock worth $226,000 after purchasing an additional 2,242 shares during the period. MetLife Investment Management LLC increased its position in JELD-WEN by 6.3% in the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock worth $425,000 after purchasing an additional 3,066 shares during the period. BNP Paribas Financial Markets increased its position in JELD-WEN by 10.3% in the third quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock worth $573,000 after purchasing an additional 3,383 shares during the period. Performa Ltd US LLC increased its position in JELD-WEN by 1,580.0% in the fourth 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. Finally, Price T Rowe Associates Inc. MD increased its position in JELD-WEN by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,261 shares of the company’s stock worth $412,000 after purchasing an additional 4,944 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JELD has been the subject of several research reports. StockNews.com cut JELD-WEN from a “hold” rating to a “sell” rating in a research report on Friday, March 7th. Loop Capital cut their price objective on JELD-WEN from $10.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, February 19th. Barclays cut their price objective on JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. UBS Group cut their price objective on JELD-WEN from $9.00 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group cut 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 research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.06.

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.