JELD-WEN Holding, Inc. (NYSE:JELD) Short Interest Update

Key Points

• Short interest surged to 7,539,846 shares as of March 31, a 54.9% increase from March 15, representing 8.9% of shares sold short and a days-to-cover ratio of 4.4.
• Wall Street sentiment is weak — the consensus rating is "Reduce" with an average price target of $3.35 (six Holds, two Sells reported).
• JELD-WEN reported Q4 EPS of ($0.42), missing estimates by $0.19 despite revenue of $801.96M; the company has a market cap near $98M and negative return on equity and net margin.

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 7,539,846 shares, a growth of 54.9% from the March 15th total of 4,867,692 shares. Based on an average trading volume of 1,715,858 shares, the days-to-cover ratio is currently 4.4 days. Currently, 8.9% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

JELD has been the subject of several recent research reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of JELD-WEN in a research note on Monday, December 29th. Zacks Research upgraded JELD-WEN from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 6th. The Goldman Sachs Group decreased their price objective on JELD-WEN from $3.75 to $3.25 and set a "neutral" rating for the company in a research note on Tuesday, January 13th. Finally, Jefferies Financial Group boosted their target price on JELD-WEN from $2.25 to $2.60 and gave the stock a "hold" rating in a research note on Monday, December 15th. Six investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $3.35.

Institutional Trading of JELD-WEN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JELD. Performa Ltd US LLC grew its position in shares of JELD-WEN by 73.8% during the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company's stock worth $32,000 after acquiring an additional 5,500 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of JELD-WEN by 264.0% during the 4th quarter. GAMMA Investing LLC now owns 13,443 shares of the company's stock worth $33,000 after purchasing an additional 9,750 shares in the last quarter. Parkwoods Wealth Partners LLC purchased a new stake in shares of JELD-WEN during the 4th quarter worth $34,000. Aaron Wealth Advisors LLC acquired a new position in shares of JELD-WEN during the 4th quarter worth $36,000. Finally, Banco BTG Pactual S.A. acquired a new position in shares of JELD-WEN during the 4th quarter worth $38,000. Institutional investors and hedge funds own 95.04% of the company's stock.

JELD-WEN Trading Up 0.4%

Shares of JELD stock traded up $0.01 during trading hours on Tuesday, reaching $1.14. The company had a trading volume of 471,844 shares, compared to its average volume of 1,760,385. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.76 and a quick ratio of 0.99. The company has a 50 day moving average of $1.75 and a 200 day moving average of $2.69. The firm has a market cap of $97.96 million, a price-to-earnings ratio of -0.16 and a beta of 1.91. JELD-WEN has a 1-year low of $0.93 and a 1-year high of $6.98.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its earnings results on Tuesday, February 17th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.19). The business had revenue of $801.96 million during the quarter, compared to analyst estimates of $747.20 million. JELD-WEN had a negative return on equity of 29.63% and a negative net margin of 18.96%. On average, equities research analysts anticipate that JELD-WEN will post 0.88 EPS for the current year.

JELD-WEN Company Profile

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company's portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN's products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.

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