Miller Value Partners LLC purchased a new position in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,139,095 shares of the company's stock, valued at approximately $10,709,000. JELD-WEN makes up 2.5% of Miller Value Partners LLC's holdings, making the stock its 15th biggest holding. Miller Value Partners LLC owned about 8.23% of JELD-WEN at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Turtle Creek Asset Management Inc. increased its position in shares of JELD-WEN by 2.5% in the third quarter. Turtle Creek Asset Management Inc. now owns 16,625,557 shares of the company's stock worth $81,631,000 after purchasing an additional 407,947 shares during the period. Vanguard Group Inc. lifted its position in JELD-WEN by 3.0% during the third quarter. Vanguard Group Inc. now owns 5,021,099 shares of the company's stock worth $24,654,000 after purchasing an additional 145,755 shares during the period. Charles Schwab Investment Management Inc. grew its stake in JELD-WEN by 23.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,429,498 shares of the company's stock worth $10,897,000 after buying an additional 840,034 shares in the last quarter. Federated Hermes Inc. grew its stake in JELD-WEN by 45.6% during the fourth quarter. Federated Hermes Inc. now owns 3,338,835 shares of the company's stock worth $8,214,000 after buying an additional 1,045,273 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in JELD-WEN by 76.2% in the 3rd quarter. Millennium Management LLC now owns 2,673,994 shares of the company's stock valued at $13,129,000 after buying an additional 1,156,751 shares during the period. 95.04% of the stock is currently owned by institutional investors.
JELD-WEN Trading Down 2.6%
JELD opened at $2.42 on Wednesday. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.73 and a quick ratio of 0.98. JELD-WEN Holding, Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $6.97. The firm has a market capitalization of $210.39 million, a price-to-earnings ratio of -0.40 and a beta of 2.10. The company's 50 day moving average price is $1.56 and its two-hundred day moving average price is $1.63.
JELD-WEN (NYSE:JELD - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.03. The business had revenue of $817.84 million during the quarter, compared to analyst estimates of $792.64 million. JELD-WEN had a negative return on equity of 246.42% and a negative net margin of 16.36%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on JELD shares. The Goldman Sachs Group reiterated a "neutral" rating and set a $2.00 price target on shares of JELD-WEN in a research report on Thursday, August 6th. Wall Street Zen upgraded JELD-WEN from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. UBS Group raised their target price on JELD-WEN from $1.60 to $1.80 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Barclays raised their price objective on JELD-WEN from $1.50 to $2.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of JELD-WEN in a research report on Wednesday, August 19th. 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 has an average rating of "Reduce" and an average price target of $2.10.
View Our Latest Stock Report on JELD-WEN
JELD-WEN Company Profile
(
Free Report)
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.
See Also
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