Tudor Investment Corp ET AL Takes $2.51 Million Position in JELD-WEN Holding, Inc. $JELD

Tudor Investment Corp ET AL purchased a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 510,453 shares of the company’s stock, valued at approximately $2,506,000. Tudor Investment Corp ET AL owned approximately 0.60% of JELD-WEN at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Coldstream Capital Management Inc. acquired a new position in JELD-WEN during the 3rd quarter worth $489,000. Jacobs Levy Equity Management Inc. raised its position in shares of JELD-WEN by 31.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,397,359 shares of the company’s stock worth $11,771,000 after acquiring an additional 580,001 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of JELD-WEN during the third quarter valued at $535,000. PharVision Advisers LLC acquired a new position in shares of JELD-WEN during the third quarter valued at $219,000. Finally, Turtle Creek Asset Management Inc. boosted its holdings in JELD-WEN by 2.5% in the third quarter. Turtle Creek Asset Management Inc. now owns 16,625,557 shares of the company’s stock valued at $81,631,000 after acquiring an additional 407,947 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

JELD-WEN Trading Down 4.6%

NYSE JELD opened at $1.15 on Friday. JELD-WEN Holding, Inc. has a 12 month low of $1.14 and a 12 month high of $6.98. The stock has a 50-day simple moving average of $2.14 and a 200 day simple moving average of $3.09. The company has a current ratio of 1.76, a quick ratio of 0.99 and a debt-to-equity ratio of 12.47. The company has a market capitalization of $98.82 million, a PE ratio of -0.16 and a beta of 1.76.

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

Analyst Ratings Changes

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

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.