JELD-WEN Holding, Inc. $JELD Shares Sold by Engine Capital Management LP

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 lessened its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 81.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Several other institutional investors and hedge funds also recently bought and sold shares of JELD. Federated Hermes Inc. boosted its holdings in JELD-WEN by 868.6% in the 1st quarter. Federated Hermes Inc. now owns 1,394,425 shares of the company's stock valued at $8,325,000 after purchasing an additional 1,250,456 shares during the last quarter. Parkwood LLC acquired a new position in JELD-WEN in the 4th quarter valued at about $8,815,000. Turtle Creek Asset Management Inc. boosted its holdings in JELD-WEN by 7.2% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock valued at $121,564,000 after purchasing an additional 1,000,000 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings 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 valued at $7,105,000 after purchasing an additional 675,320 shares during the last quarter. Finally, Alberta Investment Management Corp boosted its holdings 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. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

JELD-WEN Stock Down 4.2%

JELD-WEN stock traded down $0.28 during mid-day trading on Monday, reaching $6.48. 912,571 shares of the company's stock were exchanged, compared to its average volume of 1,611,479. The company has a market cap of $553.14 million, a P/E ratio of -1.60 and a beta of 1.68. JELD-WEN Holding, Inc. has a twelve month low of $3.27 and a twelve month high of $16.43. 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 company has a fifty day moving average of $5.18 and a 200-day moving average of $5.00.

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.