JELD-WEN Holding, Inc. $JELD Shares Sold by Empowered Funds LLC

Empowered Funds LLC trimmed its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 88.0% in the first quarter, Holdings Channel.com reports. The fund owned 37,459 shares of the company’s stock after selling 275,000 shares during the period. Empowered Funds LLC’s holdings in JELD-WEN were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada lifted its stake in JELD-WEN by 66.1% during the first quarter. Royal Bank of Canada now owns 53,641 shares of the company’s stock worth $321,000 after purchasing an additional 21,346 shares during the last quarter. AQR Capital Management LLC increased its stake in JELD-WEN by 37.5% during the first quarter. AQR Capital Management LLC now owns 375,806 shares of the company’s stock valued at $2,244,000 after purchasing an additional 102,543 shares during the last quarter. Millennium Management LLC raised its holdings in shares of JELD-WEN by 42.7% during the first quarter. Millennium Management LLC now owns 902,802 shares of the company’s stock worth $5,390,000 after purchasing an additional 270,226 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of JELD-WEN by 82.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company’s stock worth $2,367,000 after purchasing an additional 179,615 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of JELD-WEN by 350.2% in the 1st quarter. Jane Street Group LLC now owns 194,154 shares of the company’s stock worth $1,159,000 after buying an additional 151,030 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on JELD. UBS Group boosted their price objective on shares of JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of JELD-WEN in a report on Friday, May 22nd. Wall Street Zen upgraded JELD-WEN from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Barclays upped their target price on JELD-WEN from $1.50 to $2.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $2.00 price target on shares of JELD-WEN in a research report on Thursday, August 6th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $2.10.

JELD-WEN Stock Performance

Shares of JELD opened at $2.08 on Friday. The firm has a fifty day moving average of $1.52 and a 200-day moving average of $1.64. The company has a market cap of $180.03 million, a price-to-earnings ratio of -0.34 and a beta of 2.10. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.98 and a current ratio of 1.73. JELD-WEN Holding, Inc. has a 1 year low of $0.93 and a 1 year high of $6.97.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. The business had revenue of $817.84 million for the quarter, compared to analysts’ expectations of $792.64 million. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%.

JELD-WEN Company Profile

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.