GSA Capital Partners LLP Invests $691,000 in JELD-WEN Holding, Inc. $JELD

GSA Capital Partners LLP bought a new stake in JELD-WEN Holding, Inc. (NYSE:JELD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 460,516 shares of the company’s stock, valued at approximately $691,000. GSA Capital Partners LLP owned approximately 0.53% of JELD-WEN at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quarry LP acquired a new position in JELD-WEN during the third quarter worth $49,000. Performa Ltd US LLC grew its holdings in shares of JELD-WEN by 73.8% during the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after buying an additional 5,500 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of JELD-WEN in the third quarter valued at $64,000. Banco BTG Pactual S.A. purchased a new stake in JELD-WEN in the fourth quarter valued at approximately $38,000. Finally, Prudential Financial Inc. purchased a new stake in JELD-WEN during the second quarter valued at about $61,000. 95.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

JELD-WEN Trading Up 11.1%

JELD-WEN stock opened at $2.04 on Thursday. 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 has a market cap of $177.42 million, a price-to-earnings ratio of -0.34 and a beta of 2.10. The firm’s 50 day moving average price is $1.52 and its two-hundred day moving average price is $1.64. JELD-WEN Holding, Inc. has a 1 year low of $0.93 and a 1 year high of $6.97.

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

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.