D. E. Shaw & Co. Inc. Purchases 426,085 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

D. E. Shaw & Co. Inc. grew its position in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 81.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 950,217 shares of the company's stock after purchasing an additional 426,085 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 1.12% of JELD-WEN worth $7,782,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Performa Ltd US LLC increased its stake in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock valued at $34,000 after acquiring an additional 3,950 shares during the period. Quarry LP bought a new position in JELD-WEN in the fourth quarter worth $46,000. US Bancorp DE increased its holdings in JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company's stock valued at $80,000 after buying an additional 7,025 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of JELD-WEN in the 4th quarter valued at $83,000. Finally, Boothbay Fund Management LLC bought a new position in shares of JELD-WEN in the fourth quarter worth about $100,000. 95.04% of the stock is owned by institutional investors.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 150,000 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $4.26 per share, with a total value of $639,000.00. Following the purchase, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven E. Wynne purchased 10,000 shares of the stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the completion of the purchase, the director now directly owns 28,000 shares in the company, valued at approximately $168,280. The trade was a 55.56% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 864,404 shares of company stock worth $4,662,392 over the last quarter. 1.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a report on Wednesday, May 7th. Barclays lowered their target price on JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Loop Capital cut their price target on JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. StockNews.com lowered shares of JELD-WEN from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group lowered their target price on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $7.34.

JELD-WEN Trading Down 2.7%

JELD stock traded down $0.11 during midday trading on Wednesday, hitting $3.76. 385,406 shares of the company's stock were exchanged, compared to its average volume of 1,027,871. JELD-WEN Holding, Inc. has a one year low of $3.70 and a one year high of $17.70. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The company has a market cap of $320.55 million, a PE ratio of -1.68 and a beta of 1.86. The stock's fifty day moving average price is $5.29 and its 200-day moving average price is $7.61.

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

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.