MQS Management LLC Buys Shares of 10,091 JELD-WEN Holding, Inc. (NYSE:JELD)

MQS Management LLC purchased a new position in JELD-WEN Holding, Inc. (NYSE:JELD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,091 shares of the company’s stock, valued at approximately $160,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. increased its position in JELD-WEN by 1,167.9% in the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after buying an additional 2,010,275 shares in the last quarter. Blue Trust Inc. increased its position in JELD-WEN by 79.8% in the third quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock worth $46,000 after buying an additional 1,284 shares in the last quarter. SG Americas Securities LLC purchased a new stake in JELD-WEN in the third quarter worth about $331,000. The Manufacturers Life Insurance Company increased its position in JELD-WEN by 7.6% in the second quarter. The Manufacturers Life Insurance Company now owns 43,436 shares of the company’s stock worth $585,000 after buying an additional 3,066 shares in the last quarter. Finally, Engine Capital Management LP increased its position in JELD-WEN by 223.6% in the second quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock worth $15,656,000 after buying an additional 803,095 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average cost of $10.48 per share, with a total value of $2,096,000.00. Following the purchase, the insider now owns 11,941,452 shares of the company’s stock, valued at approximately $125,146,416.96. The trade was a 1.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.03% of the stock is owned by corporate insiders.

JELD-WEN Price Performance

Shares of JELD-WEN stock opened at $10.19 on Friday. The firm has a market cap of $862.28 million, a PE ratio of -5.57 and a beta of 2.25. JELD-WEN Holding, Inc. has a 12 month low of $8.90 and a 12 month high of $21.75. The stock has a 50 day moving average of $14.26 and a 200 day moving average of $14.61. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a negative net margin of 3.98% and a positive return on equity of 12.32%. JELD-WEN’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. On average, research analysts expect that JELD-WEN Holding, Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on JELD shares. Loop Capital reduced their price target on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Jefferies Financial Group increased their target price on JELD-WEN from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. B. Riley cut their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. UBS Group cut their target price on JELD-WEN from $19.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group cut their target price on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.56.

JELD-WEN 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.