AXQ Capital LP Buys New Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

AXQ Capital LP bought a new position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,828 shares of the company’s stock, valued at approximately $105,000.

A number of other hedge funds also recently bought and sold shares of the company. Pzena Investment Management LLC lifted its position in shares of JELD-WEN by 16.5% during the 4th quarter. Pzena Investment Management LLC now owns 11,165,246 shares of the company’s stock worth $91,443,000 after purchasing an additional 1,583,238 shares during the last quarter. American Century Companies Inc. increased its position in JELD-WEN by 12.3% in the 4th quarter. American Century Companies Inc. now owns 5,775,940 shares of the company’s stock worth $47,305,000 after buying an additional 634,101 shares during the period. Charles Schwab Investment Management Inc. boosted 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 acquiring an additional 220,815 shares during the period. State Street Corp grew its stake in shares of JELD-WEN by 1.1% in the third quarter. State Street Corp now owns 1,998,363 shares of the company’s stock worth $31,594,000 after acquiring an additional 21,264 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in JELD-WEN by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock worth $30,771,000 after acquiring an additional 9,468 shares during the period. 95.04% of the stock is currently owned by institutional investors.

JELD-WEN Stock Up 5.0 %

JELD opened at $6.25 on Tuesday. The firm has a market cap of $533.11 million, a price-to-earnings ratio of -2.80 and a beta of 2.22. 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 firm’s 50-day simple moving average is $7.55 and its 200-day simple moving average is $10.51. JELD-WEN Holding, Inc. has a twelve month low of $5.44 and a twelve month high of $21.75.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, February 17th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.20). The firm had revenue of $895.70 million for the quarter, compared to the consensus estimate of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Equities research analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were purchased at an average price of $7.65 per share, with a total value of $841,500.00. Following the acquisition, the insider now directly owns 12,259,784 shares in the company, valued at $93,787,347.60. The trade was a 0.91 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven E. Wynne bought 10,000 shares of JELD-WEN stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $6.01 per share, for a total transaction of $60,100.00. Following the completion of the transaction, the director now directly owns 28,000 shares of the company’s stock, valued at $168,280. This represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 525,137 shares of company stock worth $3,719,287 in the last three months. Insiders own 1.03% of the company’s stock.

Analyst Upgrades and Downgrades

JELD has been the topic of several research analyst reports. Barclays decreased their price target on shares of JELD-WEN from $9.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. The Goldman Sachs Group cut their price target on JELD-WEN from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Truist Financial decreased their price objective on JELD-WEN from $11.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. StockNews.com lowered JELD-WEN from a “hold” rating to a “sell” rating in a research note on Friday, March 7th. Finally, UBS Group decreased their price target on shares of JELD-WEN from $9.00 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, JELD-WEN presently has an average rating of “Hold” and an average price target of $9.06.

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.