Short Interest in JELD-WEN Holding, Inc. (NYSE:JELD) Rises By 63.7%

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 4,910,000 shares, an increase of 63.7% from the February 13th total of 3,000,000 shares. Based on an average daily volume of 918,200 shares, the days-to-cover ratio is currently 5.3 days. Currently, 5.9% of the shares of the company are short sold.

Insider Buying and Selling at JELD-WEN

In related news, Director Steven E. Wynne purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $6.01 per share, with a total value of $60,100.00. Following the completion of the acquisition, the director now directly owns 28,000 shares in the company, valued at $168,280. This trade represents a 55.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Turtle Creek Asset Management acquired 110,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average price of $7.65 per share, for a total transaction of $841,500.00. Following the completion of the transaction, the insider now owns 12,259,784 shares in the company, valued at $93,787,347.60. The trade was a 0.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 525,137 shares of company stock worth $3,719,287. 1.03% of the stock is owned by company insiders.

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Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings 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 buying an additional 2,010,275 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of JELD-WEN by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company's stock valued at $30,771,000 after acquiring an additional 9,468 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of JELD-WEN by 57.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company's stock valued at $33,200,000 after acquiring an additional 764,645 shares during the last quarter. Natixis Advisors LLC increased its position in JELD-WEN by 78.1% during the 3rd quarter. Natixis Advisors LLC now owns 411,660 shares of the company's stock worth $6,508,000 after purchasing an additional 180,511 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in JELD-WEN in the 3rd quarter valued at about $293,000. 95.04% of the stock is owned by hedge funds and other institutional investors.

JELD-WEN Price Performance

JELD traded down $0.01 during trading on Wednesday, reaching $6.21. 1,169,122 shares of the stock were exchanged, compared to its average volume of 796,287. 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 company has a market capitalization of $530.21 million, a price-to-earnings ratio of -2.79 and a beta of 2.23. JELD-WEN has a 1 year low of $5.44 and a 1 year high of $21.75. The business's 50 day moving average price is $7.69 and its two-hundred day moving average price is $10.72.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JELD shares. Barclays lowered their target price on shares of JELD-WEN from $9.00 to $6.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. Loop Capital lowered their price objective on JELD-WEN from $10.00 to $8.00 and set a "hold" rating on the stock in a report on Wednesday, February 19th. StockNews.com downgraded JELD-WEN from a "hold" rating to a "sell" rating in a research note on Friday, March 7th. Truist Financial decreased their price target on JELD-WEN from $11.00 to $7.00 and set a "hold" rating on the stock in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada cut their price objective on JELD-WEN from $7.00 to $5.00 and set an "underperform" rating for the company in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $9.06.

JELD-WEN Company Profile

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.