Access Investment Management LLC Reduces Stock Holdings in JELD-WEN Holding, Inc. (NYSE:JELD)
Access Investment Management LLC has reduced its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 47% in Q4, now owning 60,000 shares valued at $491,000. Other institutional investors have also adjusted their positions, with Blue Trust Inc. increasing its holdings by 79.8%. Recent analyst ratings have downgraded JELD-WEN, with Loop Capital setting a price target of $8.00. The stock is currently trading at $5.97, down 3.3%, and has a market cap of $504.76 million. JELD-WEN reported a loss of $0.13 EPS in its latest earnings announcement.
Access Investment Management LLC lowered its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 47.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the company's stock after selling 53,120 shares during the quarter. Access Investment Management LLC owned approximately 0.07% of JELD-WEN worth $491,000 as of its most recent filing with the Securities & Exchange Commission.
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Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in JELD-WEN by 79.8% during the third quarter. Blue Trust Inc. now owns 2,893 shares of the company's stock valued at $46,000 after buying an additional 1,284 shares during the last quarter. Leavell Investment Management Inc. bought a new stake in shares of JELD-WEN during the 4th quarter valued at $123,000. MQS Management LLC purchased a new stake in shares of JELD-WEN in the 3rd quarter worth $160,000. Diversified Trust Co raised its holdings in JELD-WEN by 8.8% in the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company's stock worth $226,000 after purchasing an additional 2,242 shares during the period. Finally, SG Americas Securities LLC lifted its position in JELD-WEN by 57.1% during the fourth quarter. SG Americas Securities LLC now owns 32,884 shares of the company's stock valued at $269,000 after purchasing an additional 11,946 shares in the last quarter. Institutional investors own 95.04% of the company's stock.
Insider Buying and Selling
In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 75,000 shares of JELD-WEN stock in a transaction that occurred on Monday, January 13th. The shares were bought at an average price of $8.46 per share, for a total transaction of $634,500.00. Following the completion of the transaction, the insider now owns 12,320,226 shares of the company's stock, valued at approximately $104,229,111.96. This trade represents a 0.61 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders have bought 310,000 shares of company stock worth $2,463,500. Corporate insiders own 1.03% of the company's stock.
Wall Street Analysts Forecast Growth
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Several research firms have recently commented on JELD. Loop Capital decreased their price objective on JELD-WEN from $10.00 to $8.00 and set a "hold" rating on the stock in a research note on Wednesday. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $7.00 to $5.00 and set an "underperform" rating for the company in a report on Wednesday. StockNews.com downgraded shares of JELD-WEN from a "hold" rating to a "sell" rating in a report on Wednesday. Barclays reduced their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 6th. Finally, UBS Group decreased their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a "neutral" rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat, JELD-WEN has an average rating of "Hold" and a consensus price target of $9.56.
View Our Latest Report on JELD
JELD-WEN Trading Down 3.3 %
JELD-WEN stock opened at $5.97 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The firm's 50 day moving average price is $8.56 and its 200-day moving average price is $11.73. JELD-WEN Holding, Inc. has a 1 year low of $5.79 and a 1 year high of $21.75. The stock has a market cap of $504.76 million, a P/E ratio of -2.67 and a beta of 2.17.
JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analysts' expectations of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. On average, equities analysts predict that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.
JELD-WEN Company Profile
(Free Report)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.
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