Public Employees Retirement System of Ohio Acquires 121,911 Shares of JELD-WEN Holding, Inc. $JELD

Public Employees Retirement System of Ohio lifted its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 914.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,247 shares of the company’s stock after purchasing an additional 121,911 shares during the quarter. Public Employees Retirement System of Ohio owned 0.16% of JELD-WEN worth $530,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. CWM LLC increased its stake in JELD-WEN by 2,140.2% in the 1st quarter. CWM LLC now owns 6,407 shares of the company’s stock valued at $38,000 after buying an additional 6,121 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of JELD-WEN in the 2nd quarter valued at about $52,000. Performa Ltd US LLC increased its position in shares of JELD-WEN by 119.0% in the first quarter. Performa Ltd US LLC now owns 9,200 shares of the company’s stock valued at $55,000 after acquiring an additional 5,000 shares during the last quarter. AlphaQuest LLC increased its position in shares of JELD-WEN by 294.7% in the first quarter. AlphaQuest LLC now owns 11,169 shares of the company’s stock valued at $67,000 after acquiring an additional 8,339 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in JELD-WEN during the first quarter worth about $74,000. Institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JELD. Wall Street Zen raised JELD-WEN from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. Jefferies Financial Group raised their target price on shares of JELD-WEN from $3.75 to $5.25 and gave the company a “hold” rating in a research note on Wednesday, August 20th. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a report on Saturday, September 27th. Barclays upped their price target on shares of JELD-WEN from $4.50 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. Finally, UBS Group lifted their price objective on shares of JELD-WEN from $5.00 to $5.75 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Seven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $6.03.

JELD-WEN Stock Up 1.3%

JELD-WEN stock opened at $4.90 on Monday. The company’s 50-day moving average price is $5.64 and its two-hundred day moving average price is $4.96. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 2.42. The stock has a market cap of $418.03 million, a P/E ratio of -1.21 and a beta of 1.70. JELD-WEN Holding, Inc. has a twelve month low of $3.27 and a twelve month high of $16.25.

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.