Pzena Investment Management LLC Sells 853,941 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Pzena Investment Management LLC trimmed its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 7.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in JELD-WEN in the 4th quarter valued at approximately $46,000. CWM LLC boosted its stake in JELD-WEN by 2,140.2% during the 1st quarter. CWM LLC now owns 6,407 shares of the company's stock valued at $38,000 after purchasing an additional 6,121 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in JELD-WEN during the 4th quarter valued at $83,000. Boothbay Fund Management LLC bought a new position in JELD-WEN during the 4th quarter valued at $100,000. Finally, Teacher Retirement System of Texas bought a new position in JELD-WEN during the 1st quarter valued at $74,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 150,000 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was bought at an average price 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. The trade was a 1.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 179,267 shares of company stock valued at $787,205 in the last three months. Insiders own 1.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on JELD shares. Loop Capital reduced their price objective on JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Royal Bank Of Canada reduced their price objective on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a research note on Wednesday, May 7th. UBS Group reduced their price objective on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. The Goldman Sachs Group decreased their target price on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Finally, Wall Street Zen cut JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, JELD-WEN currently has a consensus rating of "Hold" and a consensus target price of $7.34.

JELD-WEN Stock Performance

Shares of NYSE:JELD traded down $0.04 during midday trading on Friday, hitting $4.20. The company's stock had a trading volume of 929,916 shares, compared to its average volume of 1,164,030. The stock has a market capitalization of $358.55 million, a price-to-earnings ratio of -1.04 and a beta of 1.69. The stock's 50 day simple moving average is $3.96 and its 200 day simple moving average is $5.76. JELD-WEN Holding, Inc. has a fifty-two week low of $3.27 and a fifty-two week 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.

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, beating analysts' consensus estimates of ($0.19) by $0.02. The company had revenue of $776.00 million for the quarter, compared to the consensus estimate of $769.25 million. JELD-WEN had a positive return on equity of 3.70% and a negative net margin of 9.49%. The company's quarterly revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 earnings per share. As a group, research analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

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.