Engine Capital Management LP Cuts Stake in JELD-WEN Holding, Inc. $JELD

Key Points

• Engine Capital Management LP reduced its stake in JELD-WEN Holding, Inc. by 81.3%, now holding 30,197 shares worth $180,000.
• Recent analyst reports have downgraded JELD-WEN's target prices, with Loop Capital setting a new target at $4.00 and Royal Bank of Canada lowering it to $2.00.
• JELD-WEN has a market capitalization of $518.81 million and its stock is currently trading down 4.5%.

Engine Capital Management LP cut its stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 81.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,197 shares of the company's stock after selling 131,681 shares during the period. Engine Capital Management LP's holdings in JELD-WEN were worth $180,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC raised its holdings in JELD-WEN by 37.5% in the 1st quarter. AQR Capital Management LLC now owns 375,806 shares of the company's stock worth $2,244,000 after acquiring an additional 102,543 shares during the last quarter. Royal Bank of Canada grew its position in shares of JELD-WEN by 66.1% during the 1st quarter. Royal Bank of Canada now owns 53,641 shares of the company's stock valued at $321,000 after acquiring an additional 21,346 shares during the period. Walleye Capital LLC bought a new stake in shares of JELD-WEN during the 1st quarter valued at $1,361,000. Jump Financial LLC purchased a new stake in JELD-WEN in the 1st quarter worth $135,000. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in JELD-WEN by 131.2% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,190,150 shares of the company's stock worth $7,105,000 after buying an additional 675,320 shares in the last quarter. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

JELD-WEN Stock Performance

Shares of JELD-WEN stock traded down $0.28 during trading on Tuesday, hitting $6.21. 585,503 shares of the company's stock were exchanged, compared to its average volume of 1,605,348. JELD-WEN Holding, Inc. has a 52-week low of $3.27 and a 52-week high of $16.43. The company has a debt-to-equity ratio of 2.42, a quick ratio of 1.04 and a current ratio of 1.77. The business has a 50-day simple moving average of $5.23 and a 200-day simple moving average of $5.01. The stock has a market capitalization of $529.91 million, a price-to-earnings ratio of -1.53 and a beta of 1.68.

Analysts Set New Price Targets

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

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.