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

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 5,020,000 shares, a growth of 18.7% from the April 30th total of 4,230,000 shares. Currently, 6.0% of the shares of the stock are short sold. Based on an average trading volume of 1,930,000 shares, the short-interest ratio is currently 2.6 days.

Insiders Place Their Bets

In other news, major shareholder Turtle Creek Asset Management bought 50,000 shares of JELD-WEN stock in a transaction on Monday, March 31st. The stock was acquired at an average price of $5.97 per share, with a total value of $298,500.00. Following the completion of the acquisition, the insider now directly owns 12,524,901 shares of the company's stock, valued at $74,773,658.97. The trade was a 0.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders purchased 649,267 shares of company stock worth $3,406,605. Company insiders own 1.24% of the company's stock.

Hedge Funds Weigh In On JELD-WEN

Hedge funds have recently made changes to their positions in the company. Turtle Creek Asset Management Inc. grew its position in shares of JELD-WEN by 7.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company's stock worth $121,564,000 after acquiring an additional 1,000,000 shares during the last quarter. Ameriprise Financial Inc. raised its stake in JELD-WEN by 157.5% during the 4th quarter. Ameriprise Financial Inc. now owns 129,605 shares of the company's stock valued at $1,061,000 after acquiring an additional 79,281 shares during the last quarter. Deutsche Bank AG lifted its position in JELD-WEN by 35.9% during the 4th quarter. Deutsche Bank AG now owns 103,236 shares of the company's stock worth $846,000 after acquiring an additional 27,296 shares during the period. MetLife Investment Management LLC grew its stake in shares of JELD-WEN by 6.3% in the 4th quarter. MetLife Investment Management LLC now owns 51,911 shares of the company's stock valued at $425,000 after purchasing an additional 3,066 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of JELD-WEN by 46.6% in the 4th quarter. ProShare Advisors LLC now owns 23,790 shares of the company's stock valued at $195,000 after purchasing an additional 7,557 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company's stock.

JELD-WEN Trading Down 2.2%

JELD traded down $0.09 during mid-day trading on Friday, hitting $3.79. 443,372 shares of the stock were exchanged, compared to its average volume of 1,071,086. The firm's fifty day moving average is $4.68 and its two-hundred day moving average is $7.04. JELD-WEN has a 1-year low of $3.27 and a 1-year high of $17.70. The company has a market cap of $323.11 million, a PE ratio of -1.70 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 (NYSE:JELD - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.17) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. The business had revenue of $776.00 million for the quarter, compared to the consensus estimate of $769.25 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. The business's revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 EPS. Equities analysts forecast that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on JELD shares. Truist Financial dropped their target price on shares of JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a report on Wednesday, February 19th. Loop Capital dropped their price objective on shares of JELD-WEN from $8.00 to $4.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. UBS Group decreased their target price on shares of JELD-WEN from $7.50 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. The Goldman Sachs Group lowered their target price on JELD-WEN from $6.00 to $5.25 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Barclays reduced their price objective on JELD-WEN from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat, JELD-WEN has a consensus rating of "Hold" and a consensus price target 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.