Short Interest in JELD-WEN Holding, Inc. (NYSE:JELD) Expands By 5.6%

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 2,640,000 shares, a growth of 5.6% from the November 30th total of 2,500,000 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average daily volume of 723,700 shares, the days-to-cover ratio is currently 3.6 days.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management acquired 200,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of the purchase, the insider now directly owns 11,941,452 shares in the company, valued at $125,146,416.96. The trade was a 1.70 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.03% of the stock is currently owned by company insiders.

Institutional Trading of JELD-WEN

Institutional investors have recently modified their holdings of the company. Pzena Investment Management LLC lifted its stake in JELD-WEN by 2.8% during the third quarter. Pzena Investment Management LLC now owns 9,582,008 shares of the company's stock valued at $151,492,000 after purchasing an additional 261,157 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of JELD-WEN by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,226,666 shares of the company's stock valued at $43,461,000 after acquiring an additional 191,657 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of 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 worth $34,504,000 after acquiring an additional 2,010,275 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of JELD-WEN by 57.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company's stock worth $33,200,000 after acquiring an additional 764,645 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of JELD-WEN by 1.1% in the 3rd quarter. State Street Corp now owns 1,998,363 shares of the company's stock worth $31,594,000 after acquiring an additional 21,264 shares during the last quarter. Institutional investors and hedge funds own 95.04% of the company's stock.

JELD-WEN Price Performance

JELD-WEN stock traded up $0.13 during trading hours on Wednesday, hitting $8.19. 679,511 shares of the company traded hands, compared to its average volume of 689,014. The firm's 50-day simple moving average is $10.67 and its two-hundred day simple moving average is $13.27. The firm has a market cap of $693.04 million, a P/E ratio of -4.48 and a beta of 2.12. JELD-WEN has a 1-year low of $7.98 and a 1-year high of $21.75. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64.

JELD-WEN (NYSE:JELD - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates 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 negative net margin of 3.98% and a positive return on equity of 12.32%. JELD-WEN's revenue was down 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. As a group, analysts forecast that JELD-WEN will post 0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. B. Riley dropped their price target on JELD-WEN from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Royal Bank of Canada cut their target price on JELD-WEN from $9.00 to $8.00 and set an "underperform" rating on the stock in a research note on Wednesday, December 18th. Jefferies Financial Group boosted their price target on shares of JELD-WEN from $15.00 to $17.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Barclays dropped their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. Finally, UBS Group reduced their target price on shares of JELD-WEN from $19.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $13.63.

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.