Cramer Rosenthal Mcglynn LLC Sells 11,210 Shares of Jeld-Wen Holding Inc (JELD)
Cramer Rosenthal Mcglynn LLC lowered its stake in Jeld-Wen Holding Inc (NYSE:JELD) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 580,825 shares of the company’s stock after selling 11,210 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Jeld-Wen were worth $22,867,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in JELD. Peregrine Capital Management LLC grew its stake in Jeld-Wen by 0.6% in the fourth quarter. Peregrine Capital Management LLC now owns 449,804 shares of the company’s stock worth $17,709,000 after purchasing an additional 2,826 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Jeld-Wen in the fourth quarter worth $4,318,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Jeld-Wen in the third quarter worth $579,000. Rhumbline Advisers grew its stake in shares of Jeld-Wen by 118.2% in the third quarter. Rhumbline Advisers now owns 57,984 shares of the company’s stock worth $2,060,000 after acquiring an additional 31,416 shares during the last quarter. Finally, Pzena Investment Management LLC grew its stake in shares of Jeld-Wen by 21.1% in the fourth quarter. Pzena Investment Management LLC now owns 4,755,987 shares of the company’s stock worth $187,243,000 after acquiring an additional 829,539 shares during the last quarter. Hedge funds and other institutional investors own 53.84% of the company’s stock.
Jeld-Wen Holding Inc (JELD) opened at $33.19 on Wednesday. Jeld-Wen Holding Inc has a 1-year low of $27.61 and a 1-year high of $42.27. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.98 and a quick ratio of 1.28. The firm has a market capitalization of $3,859.21, a PE ratio of 25.82, a price-to-earnings-growth ratio of 1.07 and a beta of 2.76.
In other news, Vice Chairman Roderick Wendt sold 30,000 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $32.17, for a total value of $965,100.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Patrick Wright Tolbert acquired 2,860 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $30.88 per share, for a total transaction of $88,316.80. Following the purchase, the director now directly owns 4,343 shares of the company’s stock, valued at $134,111.84. The disclosure for this purchase can be found here.
A number of research firms have recently commented on JELD. Zacks Investment Research raised Jeld-Wen from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Wednesday, January 10th. Wells Fargo & Co cut Jeld-Wen from an “outperform” rating to a “market perform” rating and set a $37.00 price objective on the stock. in a research report on Thursday, February 22nd. Robert W. Baird reaffirmed an “outperform” rating and set a $42.00 price objective (down from $46.00) on shares of Jeld-Wen in a research report on Thursday, February 22nd. Citigroup reaffirmed a “hold” rating and set a $35.00 price objective (down from $37.00) on shares of Jeld-Wen in a research report on Thursday, March 1st. Finally, Royal Bank of Canada set a $39.00 price objective on Jeld-Wen and gave the company a “buy” rating in a research report on Friday, February 23rd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $39.00.
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JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.
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