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

JELD-WEN Holding, Inc. (NYSE:JELD) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 4,867,692 shares, a growth of 33.3% from the February 26th total of 3,651,658 shares. Currently, 5.7% of the shares of the company are short sold. Based on an average daily volume of 1,832,579 shares, the short-interest ratio is presently 2.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its position in JELD-WEN by 66.1% during the first quarter. Royal Bank of Canada now owns 53,641 shares of the company’s stock worth $321,000 after acquiring an additional 21,346 shares during the period. AQR Capital Management LLC increased its stake in shares of JELD-WEN by 37.5% during the first quarter. AQR Capital Management LLC now owns 375,806 shares of the company’s stock worth $2,244,000 after purchasing an additional 102,543 shares in the last quarter. Millennium Management LLC increased its stake in shares of JELD-WEN by 42.7% during the first quarter. Millennium Management LLC now owns 902,802 shares of the company’s stock worth $5,390,000 after purchasing an additional 270,226 shares in the last quarter. Empowered Funds LLC raised its position in shares of JELD-WEN by 3.1% during the 1st quarter. Empowered Funds LLC now owns 442,547 shares of the company’s stock worth $2,642,000 after purchasing an additional 13,115 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of JELD-WEN by 82.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company’s stock worth $2,367,000 after purchasing an additional 179,615 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

JELD has been the topic of a number of recent research reports. The Goldman Sachs Group lowered their target price on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Zacks Research raised JELD-WEN from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays set a $2.50 price objective on JELD-WEN in a research report on Monday, December 8th. Jefferies Financial Group upped their price objective on JELD-WEN from $2.25 to $2.60 and gave the stock a “hold” rating in a research report on Monday, December 15th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $3.35.

JELD-WEN Price Performance

Shares of NYSE:JELD traded down $0.06 during trading on Friday, reaching $1.15. 1,023,971 shares of the company’s stock traded hands, compared to its average volume of 1,760,266. The company has a quick ratio of 0.99, a current ratio of 1.76 and a debt-to-equity ratio of 12.47. JELD-WEN has a fifty-two week low of $1.14 and a fifty-two week high of $6.98. The company has a 50-day simple moving average of $2.14 and a 200-day simple moving average of $3.05. The firm has a market cap of $98.82 million, a PE ratio of -0.16 and a beta of 1.76.

JELD-WEN (NYSE:JELD) last released its quarterly earnings results on Tuesday, February 17th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.19). JELD-WEN had a negative return on equity of 29.63% and a negative net margin of 18.96%.The business had revenue of $801.96 million during the quarter, compared to analyst estimates of $747.20 million. As a group, analysts predict that JELD-WEN will post 0.88 earnings per share 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.