JELD-WEN Holding, Inc. (NYSE:JELD) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 26,142.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 169,000 shares of the company's stock after acquiring an additional 168,356 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.20% of JELD-WEN worth $1,009,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers lifted its stake in JELD-WEN by 3.5% in the 4th quarter. Rhumbline Advisers now owns 148,461 shares of the company's stock worth $1,216,000 after purchasing an additional 4,962 shares in the last quarter. Alberta Investment Management Corp purchased a new position in JELD-WEN in the fourth quarter worth about $9,492,000. Wolverine Asset Management LLC purchased a new stake in JELD-WEN during the fourth quarter valued at approximately $826,000. Versor Investments LP purchased a new stake in shares of JELD-WEN during the 4th quarter worth $142,000. Finally, US Bancorp DE boosted its position in JELD-WEN by 257.6% during the fourth quarter. US Bancorp DE now owns 9,752 shares of the company's stock valued at $80,000 after purchasing an additional 7,025 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Stock Performance

JELD-WEN stock traded up $0.04 during mid-day trading on Friday, reaching $3.62. 1,973,619 shares of the company traded hands, compared to its average volume of 1,100,696. JELD-WEN Holding, Inc. has a fifty-two week low of $3.27 and a fifty-two week high of $17.70. The firm's fifty day moving average is $4.34 and its two-hundred day moving average is $6.56. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.87 and a quick ratio of 1.12. The company has a market capitalization of $308.61 million, a price-to-earnings ratio of -0.90 and a beta of 1.69.

JELD-WEN (NYSE:JELD - Get Free Report) last released its earnings results on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. JELD-WEN had a positive return on equity of 3.70% and a negative net margin of 9.49%. The firm had revenue of $776.00 million for the quarter, compared to the consensus estimate of $769.25 million. During the same period in the prior year, the firm earned $0.21 EPS. The firm's revenue was down 19.1% on a year-over-year basis. On average, equities research analysts expect that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management bought 100,000 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average price of $5.86 per share, for a total transaction of $586,000.00. Following the completion of the transaction, the insider now directly owns 12,664,379 shares in the company, valued at approximately $74,213,260.94. This represents a 0.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have bought 579,267 shares of company stock valued at $2,988,705. Company insiders own 1.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JELD shares. Barclays reduced their target price on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating for the company in a report on Thursday, May 8th. UBS Group decreased their target price on shares of JELD-WEN from $7.50 to $5.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Royal Bank Of Canada lowered their target price on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a research note on Wednesday, May 7th. Loop Capital cut their price target on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen lowered JELD-WEN from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.34.

JELD-WEN Company 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.