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

Seven Six Capital Management LLC bought a new position in shares of JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 94,200 shares of the company's stock, valued at approximately $771,000. JELD-WEN comprises 0.7% of Seven Six Capital Management LLC's portfolio, making the stock its 27th largest holding. Seven Six Capital Management LLC owned about 0.11% of JELD-WEN at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pzena Investment Management LLC grew its position in shares of JELD-WEN by 16.5% in the fourth quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company's stock valued at $91,443,000 after purchasing an additional 1,583,238 shares during the period. Vanguard Group Inc. increased its stake in JELD-WEN by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 8,545,071 shares of the company's stock valued at $69,984,000 after purchasing an additional 101,944 shares during the last quarter. American Century Companies Inc. grew its stake in shares of JELD-WEN by 12.3% during the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company's stock valued at $47,305,000 after buying an additional 634,101 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of JELD-WEN by 4.1% during the 4th 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 during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of JELD-WEN by 11.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,225,439 shares of the company's stock valued at $18,226,000 after buying an additional 220,815 shares during the period. Institutional investors and hedge funds own 95.04% of the company's stock.

Insider Buying and Selling at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management purchased 150,000 shares of JELD-WEN stock in a transaction that occurred on 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 transaction, the insider now owns 13,250,853 shares in the company, valued at $56,448,633.78. The trade was a 1.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David G. Nord bought 20,000 shares of JELD-WEN stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $5.96 per share, with a total value of $119,200.00. Following the acquisition, the director now directly owns 40,000 shares of the company's stock, valued at approximately $238,400. This represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 864,404 shares of company stock valued at $4,662,392. 1.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on JELD. StockNews.com lowered shares of JELD-WEN from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Loop Capital decreased their target price on JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. UBS Group dropped their target price on JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Truist Financial reduced their price target on JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group reduced their price target on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, JELD-WEN has a consensus rating of "Hold" and a consensus target price of $7.34.

JELD-WEN Stock Up 0.5%

Shares of JELD stock traded up $0.02 during trading hours on Tuesday, hitting $3.85. 1,401,895 shares of the company were exchanged, compared to its average volume of 1,029,175. 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 $328.66 million, a price-to-earnings ratio of -1.73 and a beta of 1.86. JELD-WEN Holding, Inc. has a one year low of $3.73 and a one year high of $17.70. The business's 50-day simple moving average is $5.29 and its two-hundred day simple moving average is $7.61.

JELD-WEN (NYSE:JELD - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.17) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. The business had revenue of $776.00 million during 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 company's revenue for the quarter was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 EPS. Sell-side analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal 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.