Tudor Investment Corp ET AL Makes New $2.51 Million Investment in JELD-WEN Holding, Inc. $JELD

Tudor Investment Corp ET AL purchased a new position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) during the third quarter, HoldingsChannel reports. The fund purchased 510,453 shares of the company’s stock, valued at approximately $2,506,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in JELD-WEN by 238.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,389 shares of the company’s stock worth $29,000 after buying an additional 5,205 shares during the period. Quarry LP acquired a new position in JELD-WEN in the third quarter valued at about $49,000. Prudential Financial Inc. bought a new stake in shares of JELD-WEN in the second quarter worth about $61,000. Zacks Investment Management bought a new stake in shares of JELD-WEN in the third quarter worth about $64,000. Finally, Oak Thistle LLC acquired a new stake in shares of JELD-WEN during the third quarter worth about $68,000. Institutional investors and hedge funds own 95.04% of the company’s stock.

JELD-WEN Stock Down 4.6%

JELD stock opened at $1.15 on Friday. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.76 and a quick ratio of 0.99. The stock has a market capitalization of $98.82 million, a P/E ratio of -0.16 and a beta of 1.76. JELD-WEN Holding, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $6.98. The business has a 50-day moving average of $2.14 and a 200-day moving average of $3.09.

JELD-WEN (NYSE:JELD) last announced its earnings results on Tuesday, February 17th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.19). The firm had revenue of $801.96 million during the quarter, compared to analyst estimates of $747.20 million. JELD-WEN had a negative net margin of 18.96% and a negative return on equity of 29.63%. On average, sell-side analysts anticipate that JELD-WEN Holding, Inc. will post 0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

JELD has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a report on Monday, December 29th. Zacks Research upgraded shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. The Goldman Sachs Group cut their price target on shares of JELD-WEN from $3.75 to $3.25 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Barclays set a $2.50 price target on shares of JELD-WEN in a report on Monday, December 8th. Finally, Jefferies Financial Group increased their price objective on shares of JELD-WEN from $2.25 to $2.60 and gave the stock a “hold” rating in a research report on Monday, December 15th. Six research analysts have rated the stock with a Hold rating and two have given 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 $3.35.

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.