JELD-WEN Holding, Inc. (NYSE:JELD) Shares Sold 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. decreased its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 91.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor 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 SEC filing.

A number of other institutional investors have also added to or reduced their stakes in JELD. CWM LLC increased its position in shares of 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 during the last quarter. Leavell Investment Management Inc. lifted its holdings in JELD-WEN by 14.0% in the 1st quarter. Leavell Investment Management Inc. now owns 17,107 shares of the company's stock worth $102,000 after buying an additional 2,107 shares during the period. Mutual Advisors LLC lifted its holdings in JELD-WEN by 231.7% in the 1st quarter. Mutual Advisors LLC now owns 132,673 shares of the company's stock worth $792,000 after buying an additional 92,671 shares during the period. Teacher Retirement System of Texas purchased a new stake in JELD-WEN in the 1st quarter worth approximately $74,000. Finally, Exchange Traded Concepts LLC lifted its holdings in JELD-WEN by 26,142.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 169,000 shares of the company's stock worth $1,009,000 after buying an additional 168,356 shares during the period. 95.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JELD has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective 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. Loop Capital reduced their target price on JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a report on Thursday, May 8th. UBS Group reduced their target price on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Barclays reduced their target price on JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Finally, Royal Bank Of Canada reduced their target price on JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, JELD-WEN presently has an average rating of "Hold" and a consensus target price of $7.34.

JELD-WEN Stock Up 4.8%

Shares of JELD-WEN stock traded up $0.22 during trading hours on Tuesday, reaching $4.66. 1,685,282 shares of the company were exchanged, compared to its average volume of 1,363,588. JELD-WEN Holding, Inc. has a 1 year low of $3.27 and a 1 year high of $16.43. The stock's fifty day moving average is $4.18 and its 200 day moving average is $5.47. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.12 and a current ratio of 1.87. The firm has a market cap of $397.40 million, a PE ratio of -1.16 and a beta of 1.65.

JELD-WEN (NYSE:JELD - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported ($0.17) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02. JELD-WEN had a negative net margin of 9.49% and a positive return on equity of 3.70%. The firm had revenue of $776.00 million during the quarter, compared to the consensus estimate of $769.25 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company's revenue was down 19.1% compared to the same quarter last year. As a group, equities 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.