DC Investments Management LLC Has $1.26 Million Stake in JELD-WEN Holding, Inc. $JELD

DC Investments Management LLC reduced its position in JELD-WEN Holding, Inc. (NYSE:JELD) by 52.3% during the third quarter, Holdings Channel.com reports. The firm owned 257,437 shares of the company’s stock after selling 281,997 shares during the quarter. DC Investments Management LLC’s holdings in JELD-WEN were worth $1,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JELD. PNC Financial Services Group Inc. lifted its stake in shares of JELD-WEN by 238.3% in the second quarter. PNC Financial Services Group Inc. now owns 7,389 shares of the company’s stock valued at $29,000 after buying an additional 5,205 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in JELD-WEN in the 2nd quarter valued at about $49,000. Oak Thistle LLC acquired a new position in JELD-WEN during the 3rd quarter valued at about $68,000. Thompson Davis & CO. Inc. bought a new stake in JELD-WEN during the 3rd quarter worth approximately $71,000. Finally, Prudential Financial Inc. bought a new stake in JELD-WEN during the 2nd quarter worth approximately $61,000. Institutional investors own 95.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JELD. Zacks Research upgraded JELD-WEN from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays set a $2.50 price objective on shares of JELD-WEN in a report on Monday, December 8th. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $3.75 to $3.25 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of JELD-WEN from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $3.35.

JELD-WEN Stock Performance

NYSE JELD opened at $2.19 on Friday. The company has a market capitalization of $186.66 million, a PE ratio of -0.31 and a beta of 1.74. The company has a debt-to-equity ratio of 10.14, a quick ratio of 1.01 and a current ratio of 1.76. JELD-WEN Holding, Inc. has a 52-week low of $1.70 and a 52-week high of $6.97. The company has a 50-day simple moving average of $2.65 and a 200 day simple moving average of $3.84.

JELD-WEN (NYSE:JELD) last released its 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 24.19%. The company had revenue of $802.00 million for the quarter, compared to the consensus estimate of $747.20 million. On average, research analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

JELD-WEN 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.