Ieq Capital LLC Buys Shares of 338,964 JELD-WEN Holding, Inc. $JELD

Ieq Capital LLC purchased a new position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 338,964 shares of the company’s stock, valued at approximately $508,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Miller Value Partners LLC raised its stake in JELD-WEN by 99.8% in the fourth quarter. Miller Value Partners LLC now owns 4,134,210 shares of the company’s stock worth $10,170,000 after buying an additional 2,065,370 shares in the last quarter. GSA Capital Partners LLP bought a new stake in JELD-WEN during the 2nd quarter valued at $691,000. Marshall Wace LLP boosted its position in JELD-WEN by 303.9% during the 2nd quarter. Marshall Wace LLP now owns 820,209 shares of the company’s stock valued at $3,215,000 after acquiring an additional 617,136 shares in the last quarter. Invesco Ltd. increased its holdings in shares of JELD-WEN by 28.4% in the 2nd quarter. Invesco Ltd. now owns 102,899 shares of the company’s stock valued at $403,000 after acquiring an additional 22,746 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of JELD-WEN by 103.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 82,347 shares of the company’s stock valued at $323,000 after acquiring an additional 41,776 shares during the period. 95.04% of the stock is currently owned by institutional investors and hedge funds.

JELD-WEN Stock Up 15.6%

JELD-WEN stock opened at $2.52 on Friday. 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 stock has a market capitalization of $218.64 million, a price-to-earnings ratio of -0.42 and a beta of 2.10. JELD-WEN Holding, Inc. has a 1-year low of $0.93 and a 1-year high of $6.97. The business has a fifty day moving average price of $1.60 and a 200-day moving average price of $1.63.

JELD-WEN (NYSE:JELD) last announced its earnings results on Monday, August 3rd. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $817.84 million for the quarter, compared to the consensus estimate of $792.64 million.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JELD shares. Wall Street Zen upgraded JELD-WEN from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. 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 shares of JELD-WEN from $1.60 to $1.80 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Barclays increased their price target on shares of JELD-WEN from $1.50 to $2.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a report on Wednesday, August 19th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $2.10.

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.