Stock Traders Purchase High Volume of Jeld-Wen Call Options (NYSE:JELD)

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Jeld-Wen Holding Inc (NYSE:JELD) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 816 call options on the company. This is an increase of 1,469% compared to the typical volume of 52 call options.

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake in Jeld-Wen by 208,100.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,082 shares of the company’s stock worth $44,000 after acquiring an additional 2,081 shares during the period. Acadian Asset Management LLC purchased a new stake in Jeld-Wen in the 2nd quarter worth approximately $49,000. Point72 Hong Kong Ltd purchased a new stake in Jeld-Wen in the 2nd quarter worth approximately $58,000. Aperio Group LLC purchased a new stake in Jeld-Wen in the 2nd quarter worth approximately $117,000. Finally, Bank of Montreal Can grew its stake in Jeld-Wen by 1,572.7% in the 2nd quarter. Bank of Montreal Can now owns 6,055 shares of the company’s stock worth $129,000 after acquiring an additional 5,693 shares during the period. 59.60% of the stock is owned by hedge funds and other institutional investors.

JELD stock opened at $21.51 on Thursday. The stock has a market capitalization of $2.09 billion, a P/E ratio of 13.44, a PEG ratio of 1.79 and a beta of 2.58. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.94 and a current ratio of 1.57. Jeld-Wen has a one year low of $13.28 and a one year high of $22.27. The company has a 50 day moving average price of $18.37 and a two-hundred day moving average price of $19.44.

Jeld-Wen (NYSE:JELD) last released its earnings results on Wednesday, November 6th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.12). The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Jeld-Wen had a return on equity of 17.68% and a net margin of 2.22%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. Research analysts forecast that Jeld-Wen will post 1.26 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on JELD. Royal Bank of Canada dropped their price objective on shares of Jeld-Wen from $20.00 to $17.00 and set a “sector perform” rating for the company in a research note on Monday, October 14th. Zacks Investment Research cut shares of Jeld-Wen from a “hold” rating to a “sell” rating in a research note on Tuesday, July 23rd. ValuEngine cut shares of Jeld-Wen from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Barclays reissued a “buy” rating and set a $20.00 price objective on shares of Jeld-Wen in a research note on Tuesday, October 15th. Finally, TheStreet raised shares of Jeld-Wen from a “d+” rating to a “c-” rating in a research note on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $20.11.

About Jeld-Wen

JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.

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