JELD-WEN Holding, Inc. (NYSE:JELD) Sees Significant Increase in Short Interest

JELD-WEN Holding, Inc. (NYSE:JELD) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 9,586,410 shares, an increase of 27.1% from the March 31st total of 7,539,846 shares. Approximately 11.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,703,265 shares, the short-interest ratio is currently 3.5 days.

Analysts Set New Price Targets

Several brokerages have commented on JELD. The Goldman Sachs Group dropped their price target on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Zacks Research raised JELD-WEN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $3.35.

JELD-WEN Stock Performance

Shares of JELD traded up $0.07 on Friday, reaching $1.44. 1,244,801 shares of the stock traded hands, compared to its average volume of 1,805,047. The stock’s 50-day moving average price is $1.43 and its 200-day moving average price is $2.41. JELD-WEN has a 12 month low of $0.93 and a 12 month high of $6.98. The firm has a market cap of $123.85 million, a price-to-earnings ratio of -0.20 and a beta of 1.91. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.76 and a quick ratio of 0.99.

JELD-WEN (NYSE:JELD) last announced 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 net margin of 18.96% and a negative return on equity of 29.63%. The company had revenue of $801.96 million during the quarter, compared to the consensus estimate of $747.20 million.

Hedge Funds Weigh In On JELD-WEN

Institutional investors and hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL acquired a new position in JELD-WEN in the third quarter worth $2,506,000. American Century Companies Inc. lifted its stake in JELD-WEN by 6.3% in the third quarter. American Century Companies Inc. now owns 3,248,855 shares of the company’s stock valued at $15,952,000 after buying an additional 191,985 shares during the period. Rafferty Asset Management LLC lifted its stake in JELD-WEN by 124.9% in the third quarter. Rafferty Asset Management LLC now owns 67,580 shares of the company’s stock valued at $332,000 after buying an additional 37,532 shares during the period. Quantbot Technologies LP acquired a new position in JELD-WEN in the third quarter valued at about $715,000. Finally, Integrated Advisors Network LLC acquired a new position in JELD-WEN in the third quarter valued at about $86,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Company Profile

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.