Exchange Traded Concepts LLC Acquires 168,356 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Exchange Traded Concepts LLC increased its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 26,142.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 169,000 shares of the company's stock after purchasing an additional 168,356 shares during the period. Exchange Traded Concepts LLC owned approximately 0.20% of JELD-WEN worth $1,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Turtle Creek Asset Management Inc. increased its holdings in JELD-WEN by 7.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock valued at $121,564,000 after buying an additional 1,000,000 shares during the last quarter. Pzena Investment Management LLC increased its holdings in JELD-WEN by 16.5% during the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company's stock valued at $91,443,000 after buying an additional 1,583,238 shares during the last quarter. Vanguard Group Inc. increased its holdings in JELD-WEN by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company's stock valued at $69,984,000 after buying an additional 101,944 shares during the last quarter. American Century Companies Inc. increased its holdings in JELD-WEN by 12.3% during the fourth quarter. American Century Companies Inc. now owns 5,775,940 shares of the company's stock valued at $47,305,000 after buying an additional 634,101 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in JELD-WEN by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company's stock valued at $30,319,000 after buying an additional 146,581 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Price Performance

Shares of NYSE:JELD traded up $0.32 during midday trading on Monday, reaching $3.93. 2,714,834 shares of the company were exchanged, compared to its average volume of 1,109,177. The company has a current ratio of 1.87, a quick ratio of 1.12 and a debt-to-equity ratio of 2.56. The business's fifty day moving average is $4.28 and its two-hundred day moving average is $6.40. JELD-WEN Holding, Inc. has a one year low of $3.27 and a one year high of $17.70. The stock has a market cap of $335.08 million, a PE ratio of -0.97 and a beta of 1.70.

JELD-WEN (NYSE:JELD - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($0.17) earnings per share for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02. JELD-WEN had a negative net margin of 9.49% and a positive return on equity of 3.70%. The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $769.25 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. JELD-WEN's revenue for the quarter was down 19.1% on a year-over-year basis. As a group, analysts predict that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 150,000 shares of JELD-WEN stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $4.26 per share, for a total transaction of $639,000.00. Following the acquisition, the insider now directly owns 13,250,853 shares in the company, valued at approximately $56,448,633.78. This represents a 1.14% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders purchased 579,267 shares of company stock worth $2,988,705. 1.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.