Voloridge Investment Management LLC Makes New Investment in JELD-WEN Holding, Inc. (NYSE:JELD)

Voloridge Investment Management LLC bought a new position in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 108,452 shares of the company's stock, valued at approximately $888,000. Voloridge Investment Management LLC owned about 0.13% of JELD-WEN as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of JELD. Performa Ltd US LLC raised its stake in JELD-WEN by 1,580.0% during the fourth quarter. Performa Ltd US LLC now owns 4,200 shares of the company's stock worth $34,000 after purchasing an additional 3,950 shares during the period. Quarry LP acquired a new stake in shares of JELD-WEN during the 4th quarter worth $46,000. US Bancorp DE raised its position in shares of JELD-WEN by 257.6% in the 4th quarter. US Bancorp DE now owns 9,752 shares of the company's stock worth $80,000 after buying an additional 7,025 shares during the period. Brevan Howard Capital Management LP acquired a new position in JELD-WEN in the fourth quarter valued at $83,000. Finally, Boothbay Fund Management LLC purchased a new stake in JELD-WEN during the fourth quarter valued at about $100,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on JELD. UBS Group cut their price objective on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. The Goldman Sachs Group dropped their target price on shares of JELD-WEN from $6.00 to $5.25 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen cut shares of JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Truist Financial dropped their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada reduced their target price 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. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $7.34.

JELD-WEN Stock Down 1.6%

Shares of JELD traded down $0.06 during mid-day trading on Friday, reaching $3.65. 1,622,013 shares of the stock traded hands, compared to its average volume of 1,067,135. The stock has a fifty day simple moving average of $4.87 and a 200 day simple moving average of $7.19. JELD-WEN Holding, Inc. has a 12-month low of $3.27 and a 12-month high of $17.70. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The firm has a market cap of $311.59 million, a price-to-earnings ratio of -1.64 and a beta of 1.86.

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02. The firm had revenue of $776.00 million for the quarter, compared to the consensus estimate of $769.25 million. JELD-WEN had a negative net margin of 5.01% and a positive return on equity of 7.14%. The firm's quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. Sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management acquired 150,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $4.26 per share, with a total value of $639,000.00. Following the acquisition, the insider now directly owns 13,250,853 shares in the company, valued at approximately $56,448,633.78. The trade was a 1.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have acquired 762,404 shares of company stock worth $4,045,332. 1.24% of the stock is currently owned by corporate insiders.

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.