Short Interest in JELD-WEN Holding, Inc. (NYSE:JELD) Declines By 11.0%

JELD-WEN Holding, Inc. (NYSE:JELD) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 2,680,000 shares, a drop of 11.0% from the January 15th total of 3,010,000 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average trading volume of 772,700 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group reissued a “neutral” rating and set a $9.00 target price (down previously from $15.00) on shares of JELD-WEN in a research report on Wednesday, January 8th. The Goldman Sachs Group dropped their target price on shares of JELD-WEN from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Barclays dropped their target price on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Royal Bank of Canada dropped their target price on shares of JELD-WEN from $9.00 to $8.00 and set an “underperform” rating on the stock in a research report on Wednesday, December 18th. Finally, B. Riley dropped their target price on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, JELD-WEN presently has a consensus rating of “Hold” and an average target price of $12.75.

Insider Activity at JELD-WEN

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average price of $7.90 per share, with a total value of $987,500.00. Following the transaction, the insider now owns 12,042,190 shares in the company, valued at $95,133,301. The trade was a 1.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have acquired 310,000 shares of company stock valued at $2,463,500. 1.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On JELD-WEN

A number of hedge funds have recently modified their holdings of JELD. Blue Trust Inc. grew its stake in JELD-WEN by 79.8% in the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after buying an additional 1,284 shares in the last quarter. Diversified Trust Co grew its stake in JELD-WEN by 8.8% in the 4th quarter. Diversified Trust Co now owns 27,614 shares of the company’s stock valued at $226,000 after buying an additional 2,242 shares in the last quarter. MetLife Investment Management LLC grew its stake in 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 buying an additional 3,066 shares in the last quarter. BNP Paribas Financial Markets grew its stake in JELD-WEN by 10.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company’s stock valued at $573,000 after buying an additional 3,383 shares in the last quarter. Finally, Performa Ltd US LLC grew its stake in JELD-WEN by 1,580.0% in the 4th quarter. Performa Ltd US LLC now owns 4,200 shares of the company’s stock valued at $34,000 after buying an additional 3,950 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Stock Performance

Shares of NYSE:JELD traded down $2.09 during mid-day trading on Tuesday, reaching $6.71. The company had a trading volume of 4,665,783 shares, compared to its average volume of 802,404. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The firm has a market cap of $567.38 million, a price-to-earnings ratio of -3.66 and a beta of 2.17. The company’s 50-day moving average price is $8.91 and its 200-day moving average price is $11.95. JELD-WEN has a one year low of $6.60 and a one year high of $21.75.

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.