Russell Investments Group Ltd. Has $242,000 Holdings 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 stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 70.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,571 shares of the company's stock after selling 98,152 shares during the period. Russell Investments Group Ltd.'s holdings in JELD-WEN were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of JELD. Federated Hermes Inc. raised its holdings in shares of JELD-WEN by 868.6% in the 1st quarter. Federated Hermes Inc. now owns 1,394,425 shares of the company's stock worth $8,325,000 after buying an additional 1,250,456 shares in the last quarter. Parkwood LLC acquired a new position in shares of JELD-WEN in the 4th quarter worth approximately $8,815,000. Turtle Creek Asset Management Inc. raised its holdings in shares of JELD-WEN by 7.2% in the 4th 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 in the last quarter. Alberta Investment Management Corp increased its holdings in JELD-WEN by 43.1% during the 1st quarter. Alberta Investment Management Corp now owns 1,659,000 shares of the company's stock valued at $9,904,000 after purchasing an additional 500,000 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in JELD-WEN by 81.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 950,217 shares of the company's stock valued at $7,782,000 after purchasing an additional 426,085 shares in the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

JELD-WEN Stock Down 0.3%

Shares of JELD-WEN stock opened at $6.37 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 2.42. JELD-WEN Holding, Inc. has a 12 month low of $3.27 and a 12 month high of $16.43. The business has a fifty day simple moving average of $5.03 and a 200 day simple moving average of $5.03. The stock has a market cap of $543.83 million, a PE ratio of -1.57 and a beta of 1.68.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on JELD shares. Loop Capital dropped their price target on JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Royal Bank Of Canada dropped their price target on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a report on Wednesday, May 7th. The Goldman Sachs Group dropped their price target on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a report on Wednesday, May 7th. UBS Group raised their price target on JELD-WEN from $5.00 to $5.75 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Jefferies Financial Group raised their price target on JELD-WEN from $3.75 to $5.25 and gave the company a "hold" rating in a report on Wednesday, August 20th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $6.03.

JELD-WEN 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.

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