108,452 Shares in JELD-WEN Holding, Inc. (NYSE:JELD) Acquired by Voloridge Investment Management LLC

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

Several other institutional investors have also recently modified their holdings of JELD. SG Americas Securities LLC boosted its position in JELD-WEN by 57.1% during the fourth quarter. SG Americas Securities LLC now owns 32,884 shares of the company's stock worth $269,000 after purchasing an additional 11,946 shares in the last quarter. Empowered Funds LLC boosted its stake in JELD-WEN by 5.1% during the fourth quarter. Empowered Funds LLC now owns 429,432 shares of the company's stock worth $3,517,000 after buying an additional 20,945 shares during the last quarter. Leavell Investment Management Inc. acquired a new stake in JELD-WEN during the fourth quarter worth about $123,000. Rhumbline Advisers lifted its holdings in JELD-WEN by 3.5% in the fourth quarter. Rhumbline Advisers now owns 148,461 shares of the company's stock valued at $1,216,000 after acquiring an additional 4,962 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in JELD-WEN in the 4th quarter valued at about $9,492,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

JELD-WEN Price Performance

NYSE:JELD traded up $0.26 during midday trading on Tuesday, hitting $3.88. 1,570,420 shares of the stock were exchanged, compared to its average volume of 1,073,835. The business has a 50-day moving average price of $4.77 and a two-hundred day moving average price of $7.10. The company has a market capitalization of $331.39 million, a price-to-earnings ratio of -1.74 and a beta of 1.86. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. JELD-WEN Holding, Inc. has a one year low of $3.27 and a one year high of $17.70.

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

Insider Activity at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 150,000 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $4.26 per share, with a total value of $639,000.00. Following the acquisition, the insider now owns 13,250,853 shares of the company's stock, valued at $56,448,633.78. This trade represents a 1.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders purchased 736,068 shares of company stock worth $3,894,427. Company insiders own 1.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on JELD shares. Loop Capital lowered 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. Wall Street Zen cut JELD-WEN from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Royal Bank of Canada reduced their target price on shares of JELD-WEN from $5.00 to $2.00 and set an "underperform" rating for the company in a report on Wednesday, May 7th. UBS Group lowered their target price on shares of JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Barclays lowered their price target on shares of JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.34.

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.