IMS Capital Management Buys New Stake in JELD-WEN Holding, Inc. $JELD

Key Points

• IMS Capital Management has purchased a new stake in JELD-WEN Holding, acquiring 685,990 shares valued at approximately $2.69 million, making it the firm's 19th largest holding.
• Other institutional investors, including Federated Hermes Inc. and Hotchkis & Wiley Capital Management, have significantly increased their stakes in JELD-WEN by up to 868.6% in recent months.
• JELD-WEN's stock has experienced a decline of 2.1% and currently has a market capitalization of $450.49 million, with a consensus rating of "Reduce" among analysts.

IMS Capital Management purchased a new position in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 685,990 shares of the company's stock, valued at approximately $2,689,000. JELD-WEN accounts for approximately 1.3% of IMS Capital Management's investment portfolio, making the stock its 19th largest holding. IMS Capital Management owned about 0.80% of JELD-WEN as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its position in shares of JELD-WEN by 868.6% during the 1st quarter. Federated Hermes Inc. now owns 1,394,425 shares of the company's stock worth $8,325,000 after buying an additional 1,250,456 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of 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 in the last quarter. Alberta Investment Management Corp increased its position in shares of JELD-WEN by 43.1% during the 1st quarter. Alberta Investment Management Corp now owns 1,659,000 shares of the company's stock worth $9,904,000 after purchasing an additional 500,000 shares in the last quarter. Millennium Management LLC lifted its holdings in JELD-WEN by 42.7% during the 1st quarter. Millennium Management LLC now owns 902,802 shares of the company's stock valued at $5,390,000 after purchasing an additional 270,226 shares during the last quarter. Finally, Nuveen LLC acquired a new position in JELD-WEN in the first quarter valued at about $1,585,000. 95.04% of the stock is owned by institutional investors and hedge funds.

JELD-WEN Stock Down 2.1%

NYSE JELD opened at $5.28 on Wednesday. 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 52 week low of $3.27 and a 52 week high of $16.43. The stock has a market capitalization of $450.49 million, a P/E ratio of -1.30 and a beta of 1.68. The stock has a fifty day moving average of $5.58 and a 200-day moving average of $5.03.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on JELD shares. Jefferies Financial Group raised their price objective 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. Wall Street Zen raised JELD-WEN from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. Barclays boosted their price objective on JELD-WEN from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Finally, UBS Group raised their target price 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 analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $6.03.

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.

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