Short Interest in JELD-WEN Holding, Inc. (NYSE:JELD) Declines By 8.9%

JELD-WEN Holding, Inc. (NYSE:JELD) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 2,750,000 shares, a decrease of 8.9% from the September 15th total of 3,020,000 shares. Based on an average trading volume of 630,000 shares, the short-interest ratio is presently 4.4 days. Approximately 3.3% of the shares of the company are short sold.

Hedge Funds Weigh In On JELD-WEN

Several hedge funds and other institutional investors have recently modified their holdings of JELD. Innealta Capital LLC bought a new stake in JELD-WEN in the second quarter valued at $30,000. Allspring Global Investments Holdings LLC boosted its holdings in JELD-WEN by 790.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock worth $46,000 after acquiring an additional 1,922 shares in the last quarter. nVerses Capital LLC bought a new position in shares of JELD-WEN during the second quarter valued at $92,000. Xponance Inc. bought a new position in JELD-WEN in the 2nd quarter worth about $198,000. Finally, Sei Investments Co. grew its position in JELD-WEN by 13.2% during the 2nd quarter. Sei Investments Co. now owns 17,999 shares of the company’s stock valued at $242,000 after purchasing an additional 2,100 shares during the last quarter. 95.04% of the stock is owned by institutional investors.

JELD-WEN Trading Up 2.6 %

JELD stock traded up $0.40 during trading on Wednesday, hitting $15.85. 320,535 shares of the company traded hands, compared to its average volume of 657,103. The company has a 50-day moving average of $14.73 and a 200-day moving average of $15.64. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.33 and a current ratio of 2.03. JELD-WEN has a 1 year low of $11.02 and a 1 year high of $21.75. The firm has a market capitalization of $1.36 billion, a PE ratio of 67.22 and a beta of 2.24.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Monday, August 5th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. JELD-WEN had a positive return on equity of 14.32% and a negative net margin of 0.92%. The firm had revenue of $986.00 million during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. Analysts predict that JELD-WEN will post 1.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price objective on JELD-WEN from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Jefferies Financial Group lifted their price target on JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Barclays reduced their target price on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Loop Capital lowered their price target on shares of JELD-WEN from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, July 19th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $13.00 target price on shares of JELD-WEN in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $17.30.

About JELD-WEN

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.