Jane Street Group LLC Trims Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)

Jane Street Group LLC reduced its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 57.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,124 shares of the company’s stock after selling 58,008 shares during the period. Jane Street Group LLC owned about 0.05% of JELD-WEN worth $353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC increased its holdings in shares of JELD-WEN by 57.1% in the fourth quarter. SG Americas Securities LLC now owns 32,884 shares of the company’s stock worth $269,000 after purchasing an additional 11,946 shares during the last quarter. Empowered Funds LLC boosted its position in JELD-WEN by 5.1% in the fourth quarter. Empowered Funds LLC now owns 429,432 shares of the company’s stock valued at $3,517,000 after buying an additional 20,945 shares during the last quarter. Leavell Investment Management Inc. purchased a new stake in shares of JELD-WEN in the fourth quarter worth about $123,000. Rhumbline Advisers boosted its stake in shares of JELD-WEN by 3.5% during the 4th quarter. Rhumbline Advisers now owns 148,461 shares of the company’s stock worth $1,216,000 after acquiring an additional 4,962 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new position in JELD-WEN during the fourth quarter worth about $9,492,000. Institutional investors own 95.04% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Turtle Creek Asset Management acquired 150,000 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $4.26 per share, with a total value of $639,000.00. Following the acquisition, the insider now directly owns 13,250,853 shares of the company’s stock, valued at $56,448,633.78. The trade was a 1.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have bought 736,068 shares of company stock valued at $3,894,427. 1.24% of the stock is owned by company insiders.

JELD-WEN Stock Down 1.6%

Shares of JELD opened at $3.65 on Monday. The firm has a 50 day simple moving average of $4.87 and a two-hundred day simple moving average of $7.17. The company has a market cap of $311.59 million, a P/E ratio of -1.64 and a beta of 1.86. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. JELD-WEN Holding, Inc. has a one year low of $3.27 and a one year high of $17.70.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $769.25 million. During the same quarter last year, the business earned $0.21 EPS. The company’s revenue was down 19.1% compared to the same quarter last year. Research analysts forecast that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Analysts Set New Price Targets

JELD has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their target price on JELD-WEN from $6.00 to $5.25 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Royal Bank of Canada reduced their price target on JELD-WEN from $5.00 to $2.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 7th. Loop Capital decreased their price target on JELD-WEN from $8.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. Barclays cut their target price on JELD-WEN from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.34.

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.