Alberta Investment Management Corp Has $9.90 Million Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Key Points

• Alberta Investment Management Corp increased its stake in JELD-WEN Holding, Inc. by 43.1%, acquiring an additional 500,000 shares, bringing its total ownership to 1,659,000 shares valued at approximately $9.9 million.
• Several institutional investors, including Federated Hermes Inc. and Turtle Creek Asset Management, have significantly adjusted their positions in JELD-WEN, with total institutional ownership now at 95.04%.
• Analysts have recently downgraded JELD-WEN, with some lowering their price targets; the consensus rating on the stock is now a "hold" with a target price of $7.34.

Alberta Investment Management Corp boosted its holdings in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 43.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,659,000 shares of the company's stock after buying an additional 500,000 shares during the quarter. Alberta Investment Management Corp owned 1.94% of JELD-WEN worth $9,904,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its position in JELD-WEN by 2,140.2% during the 1st quarter. CWM LLC now owns 6,407 shares of the company's stock worth $38,000 after purchasing an additional 6,121 shares in the last quarter. Quarry LP acquired a new stake in shares of JELD-WEN during the 4th quarter valued at $46,000. Teacher Retirement System of Texas acquired a new stake in shares of JELD-WEN during the 1st quarter valued at $74,000. Brevan Howard Capital Management LP acquired a new stake in shares of JELD-WEN during the 4th quarter valued at $83,000. Finally, GAMMA Investing LLC boosted its stake in shares of JELD-WEN by 1,054.6% during the 1st quarter. GAMMA Investing LLC now owns 14,710 shares of the company's stock valued at $88,000 after buying an additional 13,436 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Royal Bank Of Canada decreased their target price on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen lowered shares of JELD-WEN from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. UBS Group reduced their price objective on shares of JELD-WEN from $7.50 to $5.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Barclays reduced their price objective on shares of 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. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.34.

JELD-WEN Stock Performance

JELD-WEN stock traded up $0.99 on Wednesday, reaching $5.63. 3,200,496 shares of the stock were exchanged, compared to its average volume of 1,563,422. The stock has a market cap of $480.97 million, a PE ratio of -1.38 and a beta of 1.65. The company has a current ratio of 1.87, a quick ratio of 1.12 and a debt-to-equity ratio of 2.56. JELD-WEN Holding, Inc. has a twelve month low of $3.27 and a twelve month high of $16.43. The firm has a fifty day moving average price of $4.18 and a two-hundred day moving average price of $5.47.

JELD-WEN (NYSE:JELD - Get Free Report) last released its earnings results on Monday, May 5th. The company reported ($0.17) earnings per share for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02. The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $769.25 million. JELD-WEN had a negative net margin of 9.49% and a positive return on equity of 3.70%. The business's revenue was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. Sell-side analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

JELD-WEN Profile

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.