K2 Principal Fund L.P. Makes New $278,000 Investment in JELD-WEN Holding, Inc. (NYSE:JELD)

K2 Principal Fund L.P. purchased a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 17,602 shares of the company’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JELD. Innealta Capital LLC bought a new stake in JELD-WEN during the second quarter valued at approximately $30,000. Blue Trust Inc. grew its position in shares of JELD-WEN by 79.8% during the 3rd quarter. Blue Trust Inc. now owns 2,893 shares of the company’s stock valued at $46,000 after acquiring an additional 1,284 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of JELD-WEN by 102.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,381 shares of the company’s stock worth $59,000 after purchasing an additional 2,216 shares in the last quarter. nVerses Capital LLC bought a new position in JELD-WEN in the 2nd quarter worth $92,000. Finally, MQS Management LLC purchased a new position in JELD-WEN during the third quarter valued at $160,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Insiders Place Their Bets

In other JELD-WEN news, major shareholder Turtle Creek Asset Management purchased 450,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $10.06 per share, with a total value of $4,527,000.00. Following the acquisition, the insider now owns 11,751,912 shares in the company, valued at approximately $118,224,234.72. The trade was a 3.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.03% of the company’s stock.

JELD-WEN Stock Performance

Shares of NYSE JELD opened at $10.77 on Friday. The company has a market cap of $911.36 million, a P/E ratio of -5.89 and a beta of 2.12. JELD-WEN Holding, Inc. has a 52-week low of $8.90 and a 52-week high of $21.75. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.33 and a current ratio of 2.03. The firm’s fifty day moving average is $12.98 and its two-hundred day moving average is $13.98.

JELD-WEN (NYSE:JELD) last issued its earnings results on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The firm had revenue of $934.70 million during the quarter, compared to the consensus estimate of $990.64 million. During the same period last year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, analysts anticipate that JELD-WEN Holding, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on JELD shares. Barclays reduced their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. UBS Group decreased their target price on shares of JELD-WEN from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada dropped their price target on shares of JELD-WEN from $13.00 to $9.00 and set an “underperform” rating for the company in a research report on Wednesday, November 6th. B. Riley decreased their price objective on shares of JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group lowered their target price on shares of JELD-WEN from $17.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, JELD-WEN presently has a consensus rating of “Hold” and a consensus price target of $14.56.

JELD-WEN Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.