Jefferies Financial Group Inc. Buys New Shares in JELD-WEN Holding, Inc. $JELD

Key Points

• Jefferies Financial Group initiated a position of 755,463 JELD-WEN shares worth approximately $1.13 million, representing about 0.87% of the company. Institutional investors collectively own 95.04% of JELD-WEN.
• Analyst sentiment remains cautious: five analysts rate the stock Hold and one rates it Sell, resulting in a consensus “Reduce” rating and a $2.10 price target.
• JELD-WEN reported a quarterly loss of $0.11 per share but exceeded expectations, while revenue of $817.84 million topped the $792.64 million consensus estimate. The stock opened at $2.52, compared with a 12-month range of $0.93 to $6.97.

Jefferies Financial Group Inc. bought a new position in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 755,463 shares of the company's stock, valued at approximately $1,133,000. Jefferies Financial Group Inc. owned approximately 0.87% of JELD-WEN at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Miller Value Partners LLC purchased a new position in shares of JELD-WEN in the 2nd quarter valued at about $10,709,000. BlackRock Inc. purchased a new position in JELD-WEN in the second quarter worth approximately $3,668,000. One Fin Capital Management LP purchased a new position in JELD-WEN in the fourth quarter worth approximately $4,920,000. Arrowstreet Capital Limited Partnership purchased a new position in JELD-WEN in the third quarter worth approximately $9,730,000. Finally, Millennium Management LLC grew its holdings in JELD-WEN by 76.2% during the 3rd quarter. Millennium Management LLC now owns 2,673,994 shares of the company's stock worth $13,129,000 after acquiring an additional 1,156,751 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JELD. Weiss Ratings restated a "sell (e+)" rating on shares of JELD-WEN in a report on Wednesday, August 19th. The Goldman Sachs Group reiterated a "neutral" rating and set a $2.00 target price on shares of JELD-WEN in a research note on Thursday, August 6th. Barclays increased their target price on JELD-WEN from $1.50 to $2.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. Wall Street Zen upgraded JELD-WEN from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, UBS Group lifted their price target on JELD-WEN from $1.60 to $1.80 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, JELD-WEN currently has a consensus rating of "Reduce" and a consensus price target of $2.10.

JELD-WEN Price Performance

Shares of NYSE:JELD opened at $2.52 on Monday. JELD-WEN Holding, Inc. has a 12 month low of $0.93 and a 12 month high of $6.97. The firm has a market capitalization of $218.64 million, a P/E ratio of -0.42 and a beta of 2.10. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.73 and a quick ratio of 0.98. The company's fifty day moving average price is $1.60 and its 200 day moving average price is $1.62.

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.03. The company had revenue of $817.84 million during the quarter, compared to the consensus estimate of $792.64 million. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company's portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN's products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.

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