Jefferies Financial Group Inc. Invests $1.13 Million in JELD-WEN Holding, Inc. $JELD

Jefferies Financial Group Inc. purchased a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 755,463 shares of the company’s stock, valued at approximately $1,133,000.

A number of other large investors have also recently bought and sold shares of JELD. Miller Value Partners LLC acquired a new position in JELD-WEN in the second quarter valued at $10,709,000. BlackRock Inc. purchased a new stake in shares of JELD-WEN in the second quarter valued at about $3,668,000. One Fin Capital Management LP acquired a new stake in shares of JELD-WEN during the fourth quarter worth about $4,920,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of JELD-WEN during the third quarter worth about $9,730,000. Finally, Millennium Management LLC grew its holdings in shares of JELD-WEN by 76.2% during the third quarter. Millennium Management LLC now owns 2,673,994 shares of the company’s stock worth $13,129,000 after buying an additional 1,156,751 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

JELD has been the topic of several recent research reports. Barclays boosted their price target on JELD-WEN from $1.50 to $2.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JELD-WEN in a research report on Wednesday, August 19th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.00 target price on shares of JELD-WEN in a research note on Thursday, August 6th. UBS Group boosted their target price on JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen raised JELD-WEN from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $2.10.

JELD-WEN Trading Down 0.4%

Shares of JELD-WEN stock opened at $2.52 on Monday. The firm has a market cap of $218.64 million, a price-to-earnings ratio of -0.42 and a beta of 2.10. JELD-WEN Holding, Inc. has a 52-week low of $0.93 and a 52-week high of $6.97. The company’s 50-day simple moving average is $1.60 and its 200-day simple moving average is $1.62. The company has a quick ratio of 0.98, a current ratio of 1.73 and a debt-to-equity ratio of 97.65.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. JELD-WEN had a negative return on equity of 246.42% and a negative net margin of 16.36%.The company had revenue of $817.84 million for the quarter, compared to analyst estimates of $792.64 million.

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.