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

JELD-WEN Holding, Inc. (NYSE:JELD) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 3,651,658 shares, a growth of 24.4% from the February 12th total of 2,934,661 shares. Based on an average daily trading volume, of 1,987,264 shares, the short-interest ratio is presently 1.8 days. Approximately 4.3% of the shares of the stock are sold short. Approximately 4.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,987,264 shares, the short-interest ratio is presently 1.8 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in JELD-WEN during the second quarter valued at $553,000. Nomura Holdings Inc. bought a new stake in shares of JELD-WEN in the 2nd quarter worth about $4,363,000. Assenagon Asset Management S.A. purchased a new stake in shares of JELD-WEN during the 3rd quarter valued at about $3,406,000. SG Americas Securities LLC purchased a new stake in shares of JELD-WEN during the 2nd quarter valued at about $1,180,000. Finally, Federated Hermes Inc. lifted its holdings in shares of JELD-WEN by 94.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,707,888 shares of the company’s stock valued at $10,615,000 after acquiring an additional 1,313,463 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on JELD shares. Barclays set a $2.50 price objective on JELD-WEN in a research report on Monday, December 8th. Jefferies Financial Group lifted their target price on JELD-WEN from $2.25 to $2.60 and gave the company a “hold” rating in a research note on Monday, December 15th. The Goldman Sachs Group lowered their price target on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating on the stock in a report on Tuesday, January 13th. Zacks Research upgraded JELD-WEN from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JELD-WEN in a report on Monday, December 29th. Six equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $3.35.

JELD-WEN Price Performance

Shares of JELD stock traded up $0.01 during trading hours on Tuesday, hitting $1.45. The stock had a trading volume of 436,385 shares, compared to its average volume of 1,565,481. 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 stock has a market capitalization of $124.72 million, a price-to-earnings ratio of -0.20 and a beta of 1.77. JELD-WEN has a one year low of $1.42 and a one year high of $6.98. The stock’s 50-day moving average price is $2.40 and its two-hundred day moving average price is $3.37.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.19). JELD-WEN had a negative net margin of 18.96% and a negative return on equity of 29.63%. The firm had revenue of $801.96 million for the quarter, compared to the consensus estimate of $747.20 million. Equities analysts forecast that JELD-WEN will post 0.88 EPS for the current year.

About JELD-WEN

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.