Assenagon Asset Management S.A. Sells 56,942 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Assenagon Asset Management S.A. reduced its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 31.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,114 shares of the company’s stock after selling 56,942 shares during the quarter. Assenagon Asset Management S.A. owned 0.14% of JELD-WEN worth $1,645,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC raised its holdings in shares of JELD-WEN by 1.5% in the 4th quarter. SummerHaven Investment Management LLC now owns 40,531 shares of the company’s stock valued at $765,000 after purchasing an additional 591 shares during the period. Diversified Trust Co lifted its position in shares of JELD-WEN by 4.2% in the first quarter. Diversified Trust Co now owns 24,301 shares of the company’s stock valued at $516,000 after buying an additional 981 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of JELD-WEN by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock worth $325,000 after acquiring an additional 1,205 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of JELD-WEN by 790.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after acquiring an additional 1,922 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in JELD-WEN in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of JELD-WEN from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. UBS Group cut their price objective on shares of JELD-WEN from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Barclays lowered their target price on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, July 12th. 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 note on Friday, July 19th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $13.00 price objective on shares of JELD-WEN in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.80.

JELD-WEN Stock Up 1.5 %

Shares of NYSE JELD opened at $13.96 on Thursday. JELD-WEN Holding, Inc. has a 52 week low of $11.02 and a 52 week high of $21.75. The stock’s fifty day moving average is $14.38 and its 200 day moving average is $16.77. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.39 and a current ratio of 2.08. The stock has a market capitalization of $1.20 billion, a P/E ratio of 60.70 and a beta of 2.28.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, August 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.23 by $0.11. The company had revenue of $986.00 million during the quarter, compared to analysts’ expectations of $1 billion. JELD-WEN had a net margin of 0.47% and a return on equity of 15.78%. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. Sell-side analysts forecast that JELD-WEN Holding, Inc. will post 1.19 earnings per share for the current fiscal year.

About JELD-WEN

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.