Jacobs Levy Equity Management Inc. Purchases 69,027 Shares of JELD-WEN Holding, Inc. $JELD

Key Points

• Jacobs Levy Equity Management Inc. increased its holdings in JELD-WEN Holding, Inc. by 31.4%, owning approximately $1.73 million worth of the stock after acquiring an additional 69,027 shares in the 1st quarter.
• Institutional investors and hedge funds collectively own 95.04% of JELD-WEN, with several organizations, including Leavell Investment Management and Price T Rowe Associates, significantly boosting their stakes in the company in recent quarters.
• Recent analyst reports have seen upgrades for JELD-WEN, with Wall Street Zen raising the stock rating from "strong sell" to "hold," while Jefferies and UBS adjusted their price targets upwards.

Jacobs Levy Equity Management Inc. raised its position in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 31.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,879 shares of the company's stock after purchasing an additional 69,027 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.34% of JELD-WEN worth $1,725,000 at the end of the most recent quarter.

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

JELD-WEN Stock Performance

NYSE JELD traded down $0.35 during trading on Friday, hitting $6.29. The company's stock had a trading volume of 1,105,848 shares, compared to its average volume of 1,824,343. 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 firm has a 50 day moving average price of $5.39 and a 200 day moving average price of $5.03. The firm has a market cap of $536.76 million, a P/E ratio of -1.55 and a beta of 1.68. JELD-WEN Holding, Inc. has a 52 week low of $3.27 and a 52 week high of $16.43.

Analyst Ratings Changes

A number of brokerages have weighed in on JELD. UBS Group boosted their price target on JELD-WEN from $5.00 to $5.75 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Jefferies Financial Group boosted their price target on JELD-WEN from $3.75 to $5.25 and gave the stock a "hold" rating in a research report on Wednesday, August 20th. Barclays boosted their price target 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. Finally, Wall Street Zen raised JELD-WEN from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average 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.