Russell Investments Group Ltd. Has $242,000 Stock Position in JELD-WEN Holding, Inc. $JELD

Key Points

• Russell Investments Group Ltd. significantly reduced its stake in JELD-WEN Holding, Inc. by 70.8%, ending the first quarter with holdings valued at $242,000.
• Other institutional investors have recently increased their holdings, with Federated Hermes Inc. raising its stake in JELD-WEN by 868.6% during the same quarter.
• Analysts have lowered their price targets for JELD-WEN stock, with Loop Capital reducing its target from $8.00 to $4.00 and Royal Bank Of Canada from $5.00 to $2.00, reflecting a generally pessimistic outlook.

Russell Investments Group Ltd. cut its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 70.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,571 shares of the company's stock after selling 98,152 shares during the quarter. Russell Investments Group Ltd.'s holdings in JELD-WEN were worth $242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JELD. CWM LLC boosted its position in shares of JELD-WEN by 2,140.2% in the first quarter. CWM LLC now owns 6,407 shares of the company's stock worth $38,000 after buying an additional 6,121 shares during the period. Performa Ltd US LLC raised its stake in JELD-WEN by 119.0% during the first quarter. Performa Ltd US LLC now owns 9,200 shares of the company's stock valued at $55,000 after buying an additional 5,000 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in JELD-WEN during the first quarter valued at approximately $74,000. Brevan Howard Capital Management LP acquired a new stake in JELD-WEN during the fourth quarter valued at approximately $83,000. Finally, GAMMA Investing LLC raised its position in shares of JELD-WEN by 1,054.6% during the 1st quarter. GAMMA Investing LLC now owns 14,710 shares of the company's stock worth $88,000 after purchasing an additional 13,436 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

JELD-WEN Stock Performance

JELD traded up $0.29 on Friday, hitting $6.75. 1,191,473 shares of the stock traded hands, compared to its average volume of 1,878,587. JELD-WEN Holding, Inc. has a 52 week low of $3.27 and a 52 week high of $16.43. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 2.42. The firm has a market capitalization of $576.11 million, a PE ratio of -1.66 and a beta of 1.68. The business has a fifty day moving average price of $5.18 and a two-hundred day moving average price of $5.00.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JELD. Barclays increased their price target on JELD-WEN from $4.50 to $5.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Jefferies Financial Group increased their price target on JELD-WEN from $3.75 to $5.25 and gave the company a "hold" rating in a research note on Wednesday, August 20th. UBS Group raised their price objective on JELD-WEN from $5.00 to $5.75 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen raised JELD-WEN from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $6.03.

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.