Marshall Wace North America L.P. Takes $394,000 Position in Jeld-Wen Holding Inc (NYSE:JELD)

Marshall Wace North America L.P. purchased a new stake in shares of Jeld-Wen Holding Inc (NYSE:JELD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,314 shares of the company’s stock, valued at approximately $394,000.

A number of other hedge funds have also recently bought and sold shares of the business. Marshall Wace LLP bought a new position in Jeld-Wen during the 1st quarter valued at $143,000. Loews Corp raised its holdings in shares of Jeld-Wen by 17.6% during the first quarter. Loews Corp now owns 14,935 shares of the company’s stock worth $264,000 after acquiring an additional 2,236 shares in the last quarter. CNA Financial Corp raised its holdings in shares of Jeld-Wen by 13.8% during the first quarter. CNA Financial Corp now owns 163,499 shares of the company’s stock worth $2,887,000 after acquiring an additional 19,852 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Jeld-Wen during the first quarter worth $631,000. Finally, Jennison Associates LLC raised its holdings in shares of Jeld-Wen by 20.5% during the first quarter. Jennison Associates LLC now owns 1,488,574 shares of the company’s stock worth $26,288,000 after acquiring an additional 252,869 shares in the last quarter. 61.73% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:JELD traded down $0.17 during trading on Thursday, reaching $20.88. The stock had a trading volume of 164,736 shares, compared to its average volume of 536,600. Jeld-Wen Holding Inc has a 52 week low of $13.28 and a 52 week high of $30.25. The firm has a 50-day simple moving average of $20.71. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.64 and a quick ratio of 0.93. The company has a market cap of $2.16 billion, a PE ratio of 13.05, a PEG ratio of 1.07 and a beta of 2.50.

Jeld-Wen (NYSE:JELD) last posted its earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.03). Jeld-Wen had a net margin of 2.74% and a return on equity of 20.28%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Equities research analysts anticipate that Jeld-Wen Holding Inc will post 1.75 earnings per share for the current fiscal year.

Several brokerages recently issued reports on JELD. Royal Bank of Canada lowered Zayo Group from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $33.00 to $35.00 in a report on Wednesday, May 8th. Zacks Investment Research upgraded shares of Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Jeld-Wen has an average rating of “Hold” and a consensus price target of $22.08.

Jeld-Wen Company Profile

JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.

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Institutional Ownership by Quarter for Jeld-Wen (NYSE:JELD)

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