Massachusetts Financial Services Co. MA Lowers Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Massachusetts Financial Services Co. MA reduced its position in JELD-WEN Holding, Inc. (NYSE:JELD - Free Report) by 40.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,703 shares of the company's stock after selling 59,731 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.11% of JELD-WEN worth $1,418,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Victory Capital Management Inc. raised its stake in JELD-WEN by 1,167.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company's stock valued at $34,504,000 after acquiring an additional 2,010,275 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of JELD-WEN by 26.3% during the second quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company's stock worth $125,552,000 after purchasing an additional 1,939,052 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in JELD-WEN by 319.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company's stock valued at $17,985,000 after buying an additional 1,017,275 shares during the last quarter. Engine Capital Management LP increased its stake in JELD-WEN by 223.6% in the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company's stock valued at $15,656,000 after buying an additional 803,095 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in JELD-WEN during the 2nd quarter worth $5,342,000. 95.04% of the stock is currently owned by hedge funds and other institutional investors.

JELD-WEN Price Performance

JELD traded up $0.11 during midday trading on Thursday, reaching $10.81. 334,894 shares of the company's stock were exchanged, compared to its average volume of 696,933. JELD-WEN Holding, Inc. has a 1-year low of $8.90 and a 1-year high of $21.75. The stock has a market capitalization of $914.74 million, a PE ratio of -5.91 and a beta of 2.25. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The business's 50-day moving average price is $13.67 and its 200 day moving average price is $14.21.

JELD-WEN (NYSE:JELD - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $934.70 million for the quarter, compared to analyst estimates of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The company's revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, equities analysts anticipate that JELD-WEN Holding, Inc. will post 0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on JELD shares. Jefferies Financial Group boosted their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Barclays cut their target price on JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 6th. UBS Group decreased their price target on JELD-WEN from $19.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group reduced their target price on JELD-WEN from $17.00 to $10.00 and set a "neutral" rating for the company in a report on Wednesday, November 6th. Finally, B. Riley lowered their price target on shares of JELD-WEN from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, JELD-WEN currently has a consensus rating of "Hold" and a consensus target price of $14.56.

Insider Transactions at JELD-WEN

In other news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, November 7th. The shares were acquired at an average price of $10.48 per share, with a total value of $2,096,000.00. Following the completion of the purchase, the insider now owns 11,941,452 shares of the company's stock, valued at approximately $125,146,416.96. This represents a 1.70 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.03% of the company's stock.

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.