JELD-WEN Holding, Inc. (NYSE:JELD) Short Interest Update

JELD-WEN Holding, Inc. (NYSE:JELD) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 3,651,658 shares, a growth of 24.4% from the February 12th total of 2,934,661 shares. Based on an average daily trading volume, of 1,987,264 shares, the days-to-cover ratio is currently 1.8 days. Approximately 4.3% of the shares of the company are short sold. Approximately 4.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,987,264 shares, the days-to-cover ratio is currently 1.8 days.

JELD-WEN Stock Performance

JELD traded up $0.01 during trading on Tuesday, hitting $1.45. The company’s stock had a trading volume of 436,385 shares, compared to its average volume of 1,565,481. JELD-WEN has a one year low of $1.42 and a one year high of $6.98. The business’s 50 day simple moving average is $2.40 and its 200-day simple moving average is $3.37. The company has a quick ratio of 0.99, a current ratio of 1.76 and a debt-to-equity ratio of 12.47. The firm has a market cap of $124.72 million, a PE ratio of -0.20 and a beta of 1.77.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Tuesday, February 17th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.19). The company had revenue of $801.96 million during the quarter, compared to analysts’ expectations of $747.20 million. JELD-WEN had a negative return on equity of 29.63% and a negative net margin of 18.96%. As a group, sell-side analysts predict that JELD-WEN will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JELD has been the topic of several research analyst reports. Barclays set a $2.50 target price on shares of JELD-WEN in a research note on Monday, December 8th. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a research report on Monday, December 29th. Zacks Research upgraded shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. The Goldman Sachs Group cut their target price on shares of JELD-WEN from $3.75 to $3.25 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Finally, Jefferies Financial Group increased their price target on JELD-WEN from $2.25 to $2.60 and gave the company a “hold” rating in a report on Monday, December 15th. Six investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $3.35.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in JELD-WEN by 238.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,389 shares of the company’s stock worth $29,000 after acquiring an additional 5,205 shares during the period. Quarry LP bought a new position in shares of JELD-WEN in the third quarter worth approximately $49,000. Performa Ltd US LLC increased its stake in shares of JELD-WEN by 73.8% in the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after purchasing an additional 5,500 shares in the last quarter. Zacks Investment Management bought a new stake in shares of JELD-WEN during the 3rd quarter valued at $64,000. Finally, GAMMA Investing LLC raised its position in shares of JELD-WEN by 264.0% during the 4th quarter. GAMMA Investing LLC now owns 13,443 shares of the company’s stock valued at $33,000 after purchasing an additional 9,750 shares during the period. 95.04% of the stock is currently owned by institutional investors.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.