Mutual Advisors LLC Increases Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Mutual Advisors LLC increased its stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 231.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,673 shares of the company's stock after buying an additional 92,671 shares during the quarter. Mutual Advisors LLC owned about 0.16% of JELD-WEN worth $792,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of JELD. US Bancorp DE lifted its position in JELD-WEN by 257.6% in the fourth quarter. US Bancorp DE now owns 9,752 shares of the company's stock worth $80,000 after buying an additional 7,025 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in JELD-WEN by 11.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company's stock worth $18,226,000 after purchasing an additional 220,815 shares during the period. Raymond James Financial Inc. purchased a new stake in JELD-WEN in the fourth quarter worth $455,000. Pzena Investment Management LLC increased its stake in JELD-WEN by 16.5% in the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company's stock worth $91,443,000 after purchasing an additional 1,583,238 shares during the period. Finally, Vestcor Inc purchased a new stake in JELD-WEN in the fourth quarter worth $134,000. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Stock Up 1.9%

JELD traded up $0.08 on Tuesday, hitting $4.32. The company had a trading volume of 1,149,617 shares, compared to its average volume of 1,141,543. The stock has a fifty day moving average price of $4.06 and a 200-day moving average price of $6.00. JELD-WEN Holding, Inc. has a 12-month low of $3.27 and a 12-month high of $17.70. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.12 and a current ratio of 1.87. The stock has a market capitalization of $368.80 million, a price-to-earnings ratio of -1.07 and a beta of 1.69.

JELD-WEN (NYSE:JELD - Get Free Report) last posted 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. The company had revenue of $776.00 million for the quarter, compared to analyst estimates of $769.25 million. JELD-WEN had a positive return on equity of 3.70% and a negative net margin of 9.49%. The firm's quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on JELD. Wall Street Zen lowered shares of JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Loop Capital decreased their target price on JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Royal Bank Of Canada lowered their target price on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a report on Wednesday, May 7th. Barclays cut their price target on JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group lowered their price objective on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, JELD-WEN presently has a consensus rating of "Hold" and a consensus target price of $7.34.

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management bought 150,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $4.26 per share, with a total value of $639,000.00. Following the completion of the acquisition, the insider directly owned 13,250,853 shares of the company's stock, valued at $56,448,633.78. This trade represents a 1.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 329,267 shares of company stock worth $1,558,205 over the last three months. Insiders own 1.24% of the company's stock.

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.