Bridgeway Capital Management LLC Lowers Holdings in JELD-WEN Holding, Inc. $JELD

Key Points

• Bridgeway Capital Management LLC has reduced its stake in JELD-WEN Holding, Inc. by 11.3%, owning approximately 718,747 shares valued at $4.29 million as of its latest SEC filing.
• AQR Capital Management and Royal Bank of Canada significantly increased their holdings in JELD-WEN, demonstrating a diverse interest among institutional investors, who now own 95.04% of the company's stock.
• Analyst ratings for JELD-WEN have shifted recently, with Barclays and UBS Group raising their price targets and adjusting their ratings from "sell" to "hold" or "equal weight," as the stock's average price target stands at $6.03.

Bridgeway Capital Management LLC cut its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 11.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 718,747 shares of the company's stock after selling 91,885 shares during the quarter. Bridgeway Capital Management LLC owned about 0.84% of JELD-WEN worth $4,291,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Leavell Investment Management Inc. raised its holdings in shares of JELD-WEN by 14.0% during the 1st quarter. Leavell Investment Management Inc. now owns 17,107 shares of the company's stock worth $102,000 after acquiring an additional 2,107 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of JELD-WEN by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,261 shares of the company's stock valued at $412,000 after purchasing an additional 4,944 shares during the period. Performa Ltd US LLC increased its position in JELD-WEN by 119.0% during the first quarter. Performa Ltd US LLC now owns 9,200 shares of the company's stock worth $55,000 after purchasing an additional 5,000 shares during the last quarter. Rafferty Asset Management LLC raised its stake in JELD-WEN by 28.4% during the fourth quarter. Rafferty Asset Management LLC now owns 24,574 shares of the company's stock worth $201,000 after purchasing an additional 5,434 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in JELD-WEN by 15.2% in the 4th quarter. BNP Paribas Financial Markets now owns 41,768 shares of the company's stock valued at $342,000 after purchasing an additional 5,519 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JELD shares. Jefferies Financial Group raised their price target on shares of JELD-WEN from $3.75 to $5.25 and gave the stock a "hold" rating in a report on Wednesday, August 20th. Barclays increased their price objective on JELD-WEN from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded JELD-WEN from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, UBS Group upped their price target on JELD-WEN from $5.00 to $5.75 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, JELD-WEN currently has an average rating of "Reduce" and a consensus price target of $6.03.

JELD-WEN Trading Up 5.6%

NYSE JELD traded up $0.35 on Thursday, reaching $6.64. The stock had a trading volume of 1,329,930 shares, compared to its average volume of 1,807,222. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 2.42. The stock has a fifty day moving average price of $5.35 and a two-hundred day moving average price of $5.03. JELD-WEN Holding, Inc. has a 12-month low of $3.27 and a 12-month high of $16.43. The firm has a market capitalization of $567.06 million, a price-to-earnings ratio of -1.64 and a beta of 1.68.

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.