Miller Value Partners LLC Invests $10.71 Million in JELD-WEN Holding, Inc. $JELD

Miller Value Partners LLC bought a new position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,139,095 shares of the company’s stock, valued at approximately $10,709,000. JELD-WEN comprises about 2.5% of Miller Value Partners LLC’s holdings, making the stock its 15th largest position. Miller Value Partners LLC owned 0.08% of JELD-WEN at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of JELD. GSA Capital Partners LLP acquired a new stake in JELD-WEN during the second quarter worth approximately $691,000. PNC Financial Services Group Inc. grew its position in shares of JELD-WEN by 70.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 38,783 shares of the company’s stock worth $48,000 after buying an additional 15,998 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of JELD-WEN by 4.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 162,062 shares of the company’s stock valued at $201,000 after acquiring an additional 6,786 shares in the last quarter. State of Wyoming acquired a new position in shares of JELD-WEN during the 1st quarter valued at $33,000. Finally, RBF Capital LLC bought a new position in JELD-WEN during the first quarter worth $310,000. Institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

JELD-WEN Stock Down 2.6%

JELD opened at $2.42 on Wednesday. The company has a debt-to-equity ratio of 97.65, a current ratio of 1.73 and a quick ratio of 0.98. The company’s 50-day moving average is $1.56 and its 200 day moving average is $1.63. JELD-WEN Holding, Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $6.97. The firm has a market capitalization of $210.39 million, a P/E ratio of -0.40 and a beta of 2.10.

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

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.