Walleye Capital LLC Takes $1.36 Million Position in JELD-WEN Holding, Inc. $JELD

Key Points

• Walleye Capital LLC acquired a new stake in JELD-WEN Holding, Inc., purchasing 227,953 shares valued at approximately $1.36 million, representing about 0.27% of the company.
• Analysts have lowered their price targets for JELD-WEN, with Loop Capital setting a new target of $4.00 and Royal Bank of Canada dropping theirs to $2.00, reflecting a generally negative outlook.
• JELD-WEN's stock shows significant volatility, with a 12-month low of $3.27 and a high of $16.43, and a current market capitalization of approximately $546 million.

Walleye Capital LLC purchased a new stake in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 227,953 shares of the company's stock, valued at approximately $1,361,000. Walleye Capital LLC owned approximately 0.27% of JELD-WEN at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Turtle Creek Asset Management Inc. raised its stake 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 valued at $121,564,000 after buying an additional 1,000,000 shares in the last quarter. American Century Companies Inc. raised its stake in JELD-WEN by 0.9% in the first quarter. American Century Companies Inc. now owns 5,829,115 shares of the company's stock valued at $34,800,000 after buying an additional 53,175 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in JELD-WEN by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,701,950 shares of the company's stock valued at $30,319,000 after buying an additional 146,581 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in JELD-WEN by 11.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,489,949 shares of the company's stock valued at $14,865,000 after buying an additional 264,510 shares in the last quarter. Finally, Alberta Investment Management Corp raised its stake in JELD-WEN by 43.1% in the first quarter. Alberta Investment Management Corp now owns 1,659,000 shares of the company's stock valued at $9,904,000 after buying an additional 500,000 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

JELD-WEN Stock Performance

Shares of NYSE JELD traded down $0.02 during midday trading on Tuesday, reaching $6.37. 1,843,217 shares of the company were exchanged, compared to its average volume of 1,620,632. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 2.42. JELD-WEN Holding, Inc. has a 1 year low of $3.27 and a 1 year high of $16.43. The stock has a fifty day simple moving average of $4.98 and a 200 day simple moving average of $5.02. The stock has a market cap of $543.83 million, a P/E ratio of -1.57 and a beta of 1.68.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Loop Capital cut their price target on JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. The Goldman Sachs Group dropped their price objective on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. UBS Group raised their price objective on JELD-WEN from $5.00 to $5.75 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Jefferies Financial Group raised their price objective on JELD-WEN from $3.75 to $5.25 and gave the stock a "hold" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen raised JELD-WEN from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $6.03.

JELD-WEN Company 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.