Caxton Associates LLP Purchases New Holdings in JELD-WEN Holding, Inc. $JELD

Key Points

• Caxton Associates LLP has invested approximately $526,000 in JELD-WEN Holding, acquiring 88,085 shares in the first quarter, which represents around 0.10% of the company's stock.
• Institutional ownership of JELD-WEN is significant, with 95.04% of the stock held by institutional investors and hedge funds, reflecting strong confidence in the company.
• The stock is currently trading at $6.64, with a 52-week range of $3.27 to $16.43, indicating considerable volatility in its price performance over the past year.

Caxton Associates LLP purchased a new stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 88,085 shares of the company's stock, valued at approximately $526,000. Caxton Associates LLP owned approximately 0.10% of JELD-WEN at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Federated Hermes Inc. grew its holdings in JELD-WEN by 868.6% during the 1st quarter. Federated Hermes Inc. now owns 1,394,425 shares of the company's stock valued at $8,325,000 after buying an additional 1,250,456 shares during the last quarter. Turtle Creek Asset Management Inc. boosted its stake in shares of JELD-WEN by 7.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock valued at $121,564,000 after acquiring an additional 1,000,000 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in JELD-WEN by 131.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,150 shares of the company's stock worth $7,105,000 after purchasing an additional 675,320 shares in the last quarter. Alberta Investment Management Corp raised its stake in JELD-WEN by 43.1% in the 1st quarter. Alberta Investment Management Corp now owns 1,659,000 shares of the company's stock valued at $9,904,000 after purchasing an additional 500,000 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of JELD-WEN by 81.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 950,217 shares of the company's stock worth $7,782,000 after purchasing an additional 426,085 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

JELD-WEN Stock Up 0.1%

Shares of NYSE:JELD traded up $0.01 during midday trading on Wednesday, hitting $6.26. 108,201 shares of the company's stock traded hands, compared to its average volume of 1,583,601. The firm's fifty day moving average price is $5.47 and its two-hundred day moving average price is $5.04. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.04 and a current ratio of 1.77. JELD-WEN Holding, Inc. has a twelve month low of $3.27 and a twelve month high of $16.43. The company has a market cap of $534.18 million, a PE ratio of -1.54 and a beta of 1.68.

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.