JELD-WEN Holding, Inc. (NYSE:JELD) Position Reduced by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. reduced its holdings in JELD-WEN Holding, Inc. by 91.7% in Q1, now owning only 10,005 shares, valued at $60,000.
• Despite the decline in holdings from some investors, others like CWM LLC increased their stakes significantly, with a 2,140.2% rise during the same period.
• JELD-WEN's stock experienced a recent target price cut from multiple analysts, with Barclays reducing it from $5.00 to $4.50 and Royal Bank of Canada from $5.00 to $2.00, indicating growing concerns among analysts.

Victory Capital Management Inc. lowered its stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 91.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,005 shares of the company's stock after selling 111,192 shares during the period. Victory Capital Management Inc.'s holdings in JELD-WEN were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Parkwood LLC purchased a new stake in JELD-WEN in the 4th quarter worth $8,815,000. Turtle Creek Asset Management Inc. grew its position in JELD-WEN by 7.2% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock worth $121,564,000 after acquiring an additional 1,000,000 shares in the last quarter. AYAL Capital Advisors Ltd bought a new stake in JELD-WEN in the fourth quarter worth about $5,055,000. One68 Global Capital LLC bought a new stake in shares of JELD-WEN during the fourth quarter valued at approximately $3,747,000. Finally, D. E. Shaw & Co. Inc. raised its stake in JELD-WEN by 81.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 950,217 shares of the company's stock worth $7,782,000 after buying an additional 426,085 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their price objective on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen cut shares of JELD-WEN from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Loop Capital cut their price objective on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group dropped their price target 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. Finally, UBS Group increased their price objective on shares of JELD-WEN from $5.00 to $5.75 and gave the stock a "neutral" rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.50.

JELD-WEN Trading Down 0.8%

JELD stock traded down $0.05 on Thursday, hitting $5.50. 1,361,950 shares of the company were exchanged, compared to its average volume of 1,566,234. JELD-WEN Holding, Inc. has a twelve month low of $3.27 and a twelve month high of $16.43. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.87 and a quick ratio of 1.12. The business's fifty day moving average is $4.23 and its two-hundred day moving average is $5.47. The stock has a market capitalization of $469.09 million, a price-to-earnings ratio of -1.36 and a beta of 1.65.

JELD-WEN (NYSE:JELD - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.02. JELD-WEN had a negative net margin of 10.03% and a negative return on equity of 1.52%. The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $769.25 million. During the same quarter in the prior year, the business posted $0.21 earnings per share. JELD-WEN's revenue for the quarter was down 19.1% compared to the same quarter last year. As a group, research analysts forecast that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current year.

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.