700,624 Shares in JELD-WEN Holding, Inc. (NYSE:JELD) Purchased by Marshall Wace LLP

Marshall Wace LLP bought a new position in JELD-WEN Holding, Inc. (NYSE:JELD – Get Rating) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 700,624 shares of the company’s stock, valued at approximately $6,128,000. Marshall Wace LLP owned approximately 0.83% of JELD-WEN at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Towle & Co bought a new stake in JELD-WEN during the third quarter worth approximately $18,456,000. Turtle Creek Asset Management Inc. raised its position in JELD-WEN by 12.7% during the second quarter. Turtle Creek Asset Management Inc. now owns 13,179,207 shares of the company’s stock valued at $192,285,000 after purchasing an additional 1,487,132 shares during the period. Brandywine Global Investment Management LLC raised its position in JELD-WEN by 314.0% during the third quarter. Brandywine Global Investment Management LLC now owns 740,564 shares of the company’s stock valued at $6,480,000 after purchasing an additional 561,702 shares during the period. Renaissance Technologies LLC raised its position in JELD-WEN by 126.5% during the third quarter. Renaissance Technologies LLC now owns 999,900 shares of the company’s stock valued at $8,749,000 after purchasing an additional 558,400 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in JELD-WEN by 234.3% during the third quarter. Cubist Systematic Strategies LLC now owns 478,842 shares of the company’s stock valued at $4,190,000 after purchasing an additional 335,599 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

JELD-WEN Trading Down 4.7 %

JELD opened at $12.65 on Monday. The stock’s fifty day moving average is $12.35 and its two-hundred day moving average is $10.74. The company has a market capitalization of $1.07 billion, a P/E ratio of 24.33 and a beta of 2.26. JELD-WEN Holding, Inc. has a 52 week low of $8.38 and a 52 week high of $24.35. The company has a quick ratio of 1.31, a current ratio of 2.16 and a debt-to-equity ratio of 2.37.

JELD-WEN (NYSE:JELD – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.25 by $0.22. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.22 billion. JELD-WEN had a return on equity of 22.73% and a net margin of 0.89%. JELD-WEN’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. Analysts forecast that JELD-WEN Holding, Inc. will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on JELD. The Goldman Sachs Group upped their price objective on JELD-WEN from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, February 21st. JPMorgan Chase & Co. upgraded JELD-WEN from an “underweight” rating to a “neutral” rating and set a $9.50 price objective on the stock in a research report on Tuesday, December 20th. Barclays reduced their price target on JELD-WEN from $10.00 to $9.00 in a report on Wednesday, December 14th. Deutsche Bank Aktiengesellschaft increased their price target on JELD-WEN from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Tuesday, January 10th. Finally, Stifel Nicolaus increased their price target on JELD-WEN from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Monday, December 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.58.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management bought 30,800 shares of the company’s stock in a transaction on Monday, January 30th. The shares were acquired at an average price of $11.85 per share, with a total value of $364,980.00. Following the transaction, the insider now owns 1,099,659 shares of the company’s stock, valued at $13,030,959.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.81% of the stock is currently owned by company insiders.

JELD-WEN Profile

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JELD-WEN Holding, Inc engages in the manufacture and sale of doors, windows, and related products. It designs, produces, and distributes interior and exterior doors, wood, vinyl, aluminum windows, and related products for construction, repair, and remodeling of residential homes and non-residential buildings.