JELD-WEN Holding, Inc. $JELD Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in JELD-WEN by 255.7% during Q1, owning 115,941 shares worth $692,000 as of the latest SEC filing.
• Multiple institutional investors have also significantly raised their positions, with Federated Hermes Inc. boosting its stake by 868.6%, now holding 1,394,425 shares.
• JELD-WEN shares have recently been rated with a majority "hold" rating by analysts, while the average price target is $6.03, showing mixed sentiment in the market.

Quantbot Technologies LP raised its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 255.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 115,941 shares of the company's stock after buying an additional 83,344 shares during the period. Quantbot Technologies LP owned about 0.14% of JELD-WEN worth $692,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. American Century Companies Inc. grew its position in shares of JELD-WEN by 0.9% during the 1st quarter. American Century Companies Inc. now owns 5,829,115 shares of the company's stock valued at $34,800,000 after acquiring an additional 53,175 shares during the period. Nuveen LLC acquired a new position in shares of JELD-WEN during the 1st quarter worth approximately $1,585,000. Wolverine Asset Management LLC boosted its holdings in shares of JELD-WEN by 26.7% during the 1st quarter. Wolverine Asset Management LLC now owns 127,775 shares of the company's stock worth $763,000 after purchasing an additional 26,940 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of JELD-WEN by 29.9% during the 1st quarter. Deutsche Bank AG now owns 134,069 shares of the company's stock worth $800,000 after purchasing an additional 30,833 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of JELD-WEN by 11.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,489,949 shares of the company's stock valued at $14,865,000 after buying an additional 264,510 shares during the period. Hedge funds and other institutional investors own 95.04% of the company's stock.

JELD-WEN Stock Up 0.7%

Shares of JELD stock traded up $0.05 on Thursday, reaching $6.05. 6,065,685 shares of the stock were exchanged, compared to its average volume of 1,604,010. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 2.42. The business's 50 day moving average price is $4.83 and its 200 day moving average price is $5.12. The company has a market capitalization of $516.26 million, a price-to-earnings ratio of -1.49 and a beta of 1.65. JELD-WEN Holding, Inc. has a twelve month low of $3.27 and a twelve month high of $16.43.

Analysts Set New Price Targets

A number of research analysts have commented on JELD shares. UBS Group upped their price target on JELD-WEN from $5.00 to $5.75 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Loop Capital cut their price objective on JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Barclays upped their price objective 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. Jefferies Financial Group upped their price objective on JELD-WEN from $3.75 to $5.25 and gave the stock a "hold" rating in a research report on Wednesday, August 20th. Finally, The Goldman Sachs Group cut their price objective on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, JELD-WEN currently has a consensus rating of "Reduce" and a consensus target price 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.