338,964 Shares in JELD-WEN Holding, Inc. $JELD Purchased by Ieq Capital LLC

Ieq Capital LLC bought a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 338,964 shares of the company’s stock, valued at approximately $508,000. Ieq Capital LLC owned about 0.39% of JELD-WEN at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Miller Value Partners LLC grew its position in shares of JELD-WEN by 99.8% during the 4th quarter. Miller Value Partners LLC now owns 4,134,210 shares of the company’s stock worth $10,170,000 after buying an additional 2,065,370 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of JELD-WEN in the 2nd quarter valued at approximately $691,000. Marshall Wace LLP boosted its stake in JELD-WEN by 303.9% during the 2nd quarter. Marshall Wace LLP now owns 820,209 shares of the company’s stock worth $3,215,000 after acquiring an additional 617,136 shares during the last quarter. Invesco Ltd. boosted its stake in JELD-WEN by 28.4% during the 2nd quarter. Invesco Ltd. now owns 102,899 shares of the company’s stock worth $403,000 after acquiring an additional 22,746 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in JELD-WEN by 103.0% during the second quarter. Russell Investments Group Ltd. now owns 82,347 shares of the company’s stock valued at $323,000 after purchasing an additional 41,776 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of JELD-WEN from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Barclays boosted their price target on shares of JELD-WEN from $1.50 to $2.00 and gave the company an “equal weight” rating in a report on Wednesday, August 5th. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a research report on Wednesday, August 19th. The Goldman Sachs Group reiterated a “neutral” rating and set a $2.00 target price on shares of JELD-WEN in a report on Thursday, August 6th. Finally, UBS Group boosted their target price on JELD-WEN from $1.60 to $1.80 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $2.10.

JELD-WEN Stock Performance

Shares of JELD opened at $2.52 on Friday. The firm has a market cap of $218.64 million, a P/E ratio of -0.42 and a beta of 2.10. JELD-WEN Holding, Inc. has a twelve month low of $0.93 and a twelve month high of $6.97. The company has a debt-to-equity ratio of 97.65, a quick ratio of 0.98 and a current ratio of 1.73. The firm’s 50 day moving average price is $1.60 and its two-hundred day moving average price is $1.63.

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

JELD-WEN Profile

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.