JELD-WEN Holding, Inc. $JELD Shares Sold by Empowered Funds LLC

Empowered Funds LLC decreased its holdings in shares of JELD-WEN Holding, Inc. (NYSE:JELD) by 88.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 37,459 shares of the company’s stock after selling 275,000 shares during the quarter. Empowered Funds LLC’s holdings in JELD-WEN were worth $46,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in JELD-WEN by 4.4% in the first quarter. Public Employees Retirement System of Ohio now owns 162,062 shares of the company’s stock valued at $201,000 after acquiring an additional 6,786 shares during the period. Sei Investments Co. purchased a new position in shares of JELD-WEN in the 1st quarter valued at about $76,000. Walleye Capital LLC acquired a new stake in shares of JELD-WEN in the first quarter valued at about $234,000. State of Wyoming acquired a new stake in shares of JELD-WEN in the first quarter valued at about $33,000. Finally, PNC Financial Services Group Inc. boosted its holdings in JELD-WEN by 70.2% during the first quarter. PNC Financial Services Group Inc. now owns 38,783 shares of the company’s stock worth $48,000 after buying an additional 15,998 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analyst Weigh In

JELD has been the topic of several recent analyst reports. Barclays upped their target price on shares of JELD-WEN from $1.50 to $2.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JELD-WEN in a research note on Friday, May 22nd. Wall Street Zen upgraded JELD-WEN from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. UBS Group boosted their target price on shares of JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.00 price objective on shares of JELD-WEN in a research report on Thursday, August 6th. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, JELD-WEN has a consensus rating of “Reduce” and an average price target of $2.10.

JELD-WEN Stock Down 1.8%

Shares of NYSE:JELD opened at $1.93 on Friday. The company has a current ratio of 1.73, a quick ratio of 0.98 and a debt-to-equity ratio of 97.65. JELD-WEN Holding, Inc. has a 12-month low of $0.93 and a 12-month high of $6.97. The company has a fifty day simple moving average of $1.50 and a 200 day simple moving average of $1.67. The firm has a market cap of $167.02 million, a PE ratio of -0.32 and a beta of 2.10.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.03. The business had revenue of $817.84 million during the quarter, compared to analyst estimates of $792.64 million. JELD-WEN had a negative net margin of 16.36% and a negative return on equity of 246.42%.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.