JELD-WEN Holding, Inc. (NYSE:JELD) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC cut its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,311,305 shares of the company's stock after selling 853,941 shares during the quarter. Pzena Investment Management LLC owned about 12.08% of JELD-WEN worth $61,558,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Parkwood LLC purchased a new stake in shares of JELD-WEN in the fourth quarter valued at about $8,815,000. Turtle Creek Asset Management Inc. boosted its stake 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 worth $121,564,000 after buying an additional 1,000,000 shares during the period. American Century Companies Inc. boosted its stake 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 worth $47,305,000 after buying an additional 634,101 shares during the period. AYAL Capital Advisors Ltd purchased a new position in JELD-WEN during the fourth quarter worth about $5,055,000. Finally, One68 Global Capital LLC purchased a new position in JELD-WEN during the fourth quarter worth about $3,747,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. UBS Group reduced their price target on shares of JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada reduced their price target on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating on the stock in a research report on Wednesday, May 7th. Barclays reduced their price target on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $7.34.

JELD-WEN Stock Down 0.9%

JELD stock traded down $0.04 during midday trading on Friday, reaching $4.20. 929,916 shares of the company were exchanged, compared to its average volume of 1,160,907. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.12 and a current ratio of 1.87. JELD-WEN Holding, Inc. has a 1-year low of $3.27 and a 1-year high of $17.70. The stock's 50-day simple moving average is $3.96 and its 200 day simple moving average is $5.82. The company has a market cap of $358.55 million, a price-to-earnings ratio of -1.04 and a beta of 1.69.

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $776.00 million for the quarter, compared to analysts' expectations of $769.25 million. JELD-WEN had a negative net margin of 9.49% and a positive return on equity of 3.70%. The firm's revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. On average, equities analysts forecast that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Turtle Creek Asset Management bought 150,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $4.26 per share, for a total transaction of $639,000.00. Following the transaction, the insider owned 13,250,853 shares of the company's stock, valued at approximately $56,448,633.78. This trade represents a 1.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have acquired 179,267 shares of company stock valued at $787,205. Company insiders own 1.24% of the company's stock.

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.