Cable Hill Partners LLC Has $274,000 Position in JELD-WEN Holding, Inc. (NYSE:JELD)

Cable Hill Partners LLC increased its stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 37.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,611 shares of the company’s stock after purchasing an additional 13,570 shares during the quarter. Cable Hill Partners LLC owned approximately 0.06% of JELD-WEN worth $274,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in JELD. Turtle Creek Asset Management Inc. raised its position in JELD-WEN by 7.2% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 14,842,920 shares of the company’s stock valued at $121,564,000 after acquiring an additional 1,000,000 shares in the last quarter. Ameriprise Financial Inc. raised its position in JELD-WEN by 157.5% during the fourth quarter. Ameriprise Financial Inc. now owns 129,605 shares of the company’s stock valued at $1,061,000 after acquiring an additional 79,281 shares in the last quarter. Deutsche Bank AG raised its position in JELD-WEN by 35.9% during the fourth quarter. Deutsche Bank AG now owns 103,236 shares of the company’s stock valued at $846,000 after acquiring an additional 27,296 shares in the last quarter. MetLife Investment Management LLC raised its position in JELD-WEN by 6.3% during the fourth quarter. MetLife Investment Management LLC now owns 51,911 shares of the company’s stock valued at $425,000 after acquiring an additional 3,066 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in JELD-WEN by 46.6% during the fourth quarter. ProShare Advisors LLC now owns 23,790 shares of the company’s stock valued at $195,000 after acquiring an additional 7,557 shares in the last quarter. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 150,000 shares of the firm’s stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $4.26 per share, for a total transaction of $639,000.00. Following the completion of the purchase, the insider directly owned 13,250,853 shares of the company’s stock, valued at approximately $56,448,633.78. This represents a 1.14% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired a total of 179,267 shares of company stock worth $787,205 in the last 90 days. 1.24% of the stock is owned by insiders.

JELD-WEN Trading Down 3.8%

Shares of JELD stock opened at $4.13 on Thursday. JELD-WEN Holding, Inc. has a 1 year low of $3.27 and a 1 year high of $17.70. The firm’s fifty day simple moving average is $3.96 and its 200 day simple moving average is $5.85. The firm has a market capitalization of $352.15 million, a P/E ratio of -1.02 and a beta of 1.69. The company has a current ratio of 1.87, a quick ratio of 1.12 and a debt-to-equity ratio of 2.56.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. JELD-WEN had a negative net margin of 9.49% and a positive return on equity of 3.70%. The firm had revenue of $776.00 million for the quarter, compared to the consensus estimate of $769.25 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. The business’s revenue was down 19.1% compared to the same quarter last year. As a group, sell-side analysts predict that JELD-WEN Holding, Inc. will post 0.88 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of JELD-WEN from a “hold” rating to a “sell” rating in a research report on Wednesday, May 14th. UBS Group dropped their price target on shares of JELD-WEN from $7.50 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada dropped their price target on shares of JELD-WEN from $5.00 to $2.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 7th. The Goldman Sachs Group dropped their price target on shares of JELD-WEN from $6.00 to $5.25 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Finally, Loop Capital dropped their target price on shares of JELD-WEN from $8.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.34.

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.