Arrowstreet Capital Limited Partnership Sells 137,851 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Arrowstreet Capital Limited Partnership lowered its holdings in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 48.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,510 shares of the company's stock after selling 137,851 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.17% of JELD-WEN worth $1,208,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of JELD. BNP Paribas Financial Markets grew its position in JELD-WEN by 10.3% during the third quarter. BNP Paribas Financial Markets now owns 36,249 shares of the company's stock valued at $573,000 after buying an additional 3,383 shares during the period. State Street Corp increased its stake in shares of JELD-WEN by 1.1% during the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company's stock worth $31,594,000 after purchasing an additional 21,264 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of JELD-WEN by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company's stock worth $30,771,000 after purchasing an additional 9,468 shares during the period. JPMorgan Chase & Co. lifted its stake in JELD-WEN by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 130,078 shares of the company's stock valued at $2,057,000 after purchasing an additional 10,154 shares during the last quarter. Finally, Diversified Trust Co increased its position in JELD-WEN by 8.8% in the fourth quarter. Diversified Trust Co now owns 27,614 shares of the company's stock worth $226,000 after buying an additional 2,242 shares during the last quarter. Institutional investors own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JELD. Truist Financial cut their price target on JELD-WEN from $11.00 to $7.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. Barclays cut their target price on shares of JELD-WEN from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group reduced their target price on shares of JELD-WEN from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Royal Bank of Canada dropped their price target on shares of JELD-WEN from $7.00 to $5.00 and set an "underperform" rating on the stock in a research note on Wednesday, February 19th. Finally, UBS Group reduced their price objective on shares of JELD-WEN from $9.00 to $7.50 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $8.94.

JELD-WEN Price Performance

Shares of JELD traded up $0.07 during trading hours on Thursday, reaching $5.15. 357,372 shares of the company's stock traded hands, compared to its average volume of 885,444. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.64. The firm's 50 day simple moving average is $6.18 and its 200-day simple moving average is $9.38. The stock has a market cap of $439.21 million, a PE ratio of -2.31 and a beta of 1.93. JELD-WEN Holding, Inc. has a 12 month low of $4.91 and a 12 month high of $21.75.

JELD-WEN (NYSE:JELD - Get Free Report) last released its quarterly earnings results on Monday, February 17th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.20). The company had revenue of $895.70 million during the quarter, compared to analysts' expectations of $860.82 million. JELD-WEN had a positive return on equity of 7.14% and a negative net margin of 5.01%. Equities analysts expect that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Insider Activity at JELD-WEN

In other JELD-WEN news, Director Steven E. Wynne acquired 10,000 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $6.01 per share, with a total value of $60,100.00. Following the purchase, the director now owns 28,000 shares of the company's stock, valued at approximately $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Turtle Creek Asset Management bought 72,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $6.08 per share, for a total transaction of $437,760.00. Following the transaction, the insider now owns 701,934 shares in the company, valued at $4,267,758.72. This trade represents a 11.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 635,137 shares of company stock valued at $3,619,687 over the last 90 days. 1.24% of the stock is owned by insiders.

About JELD-WEN

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.