Seven Six Capital Management LLC Invests $771,000 in JELD-WEN Holding, Inc. (NYSE:JELD)

Seven Six Capital Management LLC purchased a new position in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 94,200 shares of the company's stock, valued at approximately $771,000. JELD-WEN accounts for approximately 0.7% of Seven Six Capital Management LLC's investment portfolio, making the stock its 27th biggest position. Seven Six Capital Management LLC owned about 0.11% of JELD-WEN at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MetLife Investment Management LLC increased its position in shares of JELD-WEN by 6.3% in the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company's stock valued at $425,000 after buying an additional 3,066 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of JELD-WEN by 11.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company's stock valued at $18,226,000 after purchasing an additional 220,815 shares during the last quarter. Hennessy Advisors Inc. increased its stake in shares of JELD-WEN by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 477,200 shares of the company's stock worth $3,908,000 after purchasing an additional 30,400 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of JELD-WEN by 64.0% during the 4th quarter. JPMorgan Chase & Co. now owns 213,281 shares of the company's stock worth $1,747,000 after purchasing an additional 83,203 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of JELD-WEN by 45.8% during the 4th quarter. Wells Fargo & Company MN now owns 51,214 shares of the company's stock worth $419,000 after purchasing an additional 16,091 shares during the last quarter. 95.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays lowered their target price on JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. UBS Group dropped their price objective on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Loop Capital reduced their target price on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Wall Street Zen downgraded shares of JELD-WEN from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Finally, Truist Financial reduced their price objective on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.34.

Insider Transactions at JELD-WEN

In related news, major shareholder Turtle Creek Asset Management bought 150,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average price of $4.26 per share, for a total transaction of $639,000.00. Following the completion of the purchase, the insider now owns 13,250,853 shares in the company, valued at $56,448,633.78. This represents a 1.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David G. Nord purchased 20,000 shares of JELD-WEN stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average cost of $5.96 per share, for a total transaction of $119,200.00. Following the completion of the transaction, the director now directly owns 40,000 shares in the company, valued at $238,400. This represents a 100.00% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 864,404 shares of company stock valued at $4,662,392 over the last 90 days. Corporate insiders own 1.24% of the company's stock.

JELD-WEN Trading Down 5.7%

JELD-WEN stock traded down $0.21 during midday trading on Thursday, reaching $3.37. The stock had a trading volume of 993,081 shares, compared to its average volume of 1,568,698. The stock's 50-day simple moving average is $5.23 and its 200 day simple moving average is $7.58. JELD-WEN Holding, Inc. has a twelve month low of $3.27 and a twelve month high of $17.70. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The stock has a market capitalization of $287.26 million, a PE ratio of -1.51 and a beta of 1.86.

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, topping analysts' consensus estimates of ($0.19) by $0.02. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The business had revenue of $776.00 million during the quarter, compared to analysts' expectations of $769.25 million. During the same quarter in the previous year, the business earned $0.21 EPS. The company's revenue for the quarter was down 19.1% on a year-over-year basis. Analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS 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.