GSA Capital Partners LLP Invests $691,000 in JELD-WEN Holding, Inc. $JELD

GSA Capital Partners LLP bought a new position in JELD-WEN Holding, Inc. (NYSE:JELD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 460,516 shares of the company’s stock, valued at approximately $691,000.

Several other hedge funds also recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its position in JELD-WEN by 7.8% during the second quarter. The Manufacturers Life Insurance Company now owns 33,585 shares of the company’s stock worth $132,000 after buying an additional 2,416 shares during the last quarter. Rhumbline Advisers increased its position in JELD-WEN by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 132,758 shares of the company’s stock worth $520,000 after buying an additional 3,711 shares during the period. Intech Investment Management LLC increased its position in JELD-WEN by 12.5% during the fourth quarter. Intech Investment Management LLC now owns 37,771 shares of the company’s stock worth $93,000 after acquiring an additional 4,195 shares during the period. Rafferty Asset Management LLC increased its holdings in shares of JELD-WEN by 21.8% during the 2nd quarter. Rafferty Asset Management LLC now owns 30,048 shares of the company’s stock worth $118,000 after purchasing an additional 5,385 shares during the period. Finally, Performa Ltd US LLC increased its stake in JELD-WEN by 73.8% during the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock valued at $32,000 after acquiring an additional 5,500 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Performance

Shares of JELD opened at $2.04 on Thursday. The firm has a market cap of $177.42 million, a P/E ratio of -0.34 and a beta of 2.10. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.98 and a current ratio of 1.73. JELD-WEN Holding, Inc. has a twelve month low of $0.93 and a twelve month high of $6.97. The firm’s 50 day moving average price is $1.52 and its two-hundred day moving average price is $1.64.

JELD-WEN (NYSE:JELD) last released its quarterly 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 firm had revenue of $817.84 million for the quarter, compared to the consensus estimate of $792.64 million. JELD-WEN had a negative return on equity of 246.42% and a negative net margin of 16.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on JELD shares. UBS Group increased their price objective 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. Wall Street Zen raised JELD-WEN from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Barclays upped their price objective on JELD-WEN from $1.50 to $2.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 5th. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a research report on Friday, May 22nd. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $2.00 price target on shares of JELD-WEN in a research note on Thursday, August 6th. Five 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 company currently has a consensus rating of “Reduce” and a consensus target price of $2.10.

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.