Short Interest in JELD-WEN Holding, Inc. (NYSE:JELD) Declines By 11.0%

JELD-WEN Holding, Inc. (NYSE:JELD) saw a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,680,000 shares, a decrease of 11.0% from the January 15th total of 3,010,000 shares. Based on an average daily volume of 772,700 shares, the days-to-cover ratio is currently 3.5 days. Approximately 3.2% of the shares of the company are sold short.

JELD-WEN Trading Down 23.7 %

JELD-WEN stock traded down $2.09 during trading hours on Tuesday, reaching $6.71. 4,665,783 shares of the company’s stock were exchanged, compared to its average volume of 802,404. The company has a quick ratio of 1.33, a current ratio of 2.03 and a debt-to-equity ratio of 1.64. The firm’s 50 day simple moving average is $8.91 and its 200 day simple moving average is $11.95. The firm has a market capitalization of $567.38 million, a PE ratio of -3.66 and a beta of 2.17. JELD-WEN has a twelve month low of $6.60 and a twelve month high of $21.75.

Insider Activity

In other news, major shareholder Turtle Creek Asset Management bought 75,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were bought at an average price of $8.46 per share, with a total value of $634,500.00. Following the completion of the transaction, the insider now owns 12,320,226 shares of the company’s stock, valued at $104,229,111.96. This trade represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 310,000 shares of company stock valued at $2,463,500. 1.03% of the stock is owned by insiders.

Institutional Trading of JELD-WEN

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. grew its stake in shares of JELD-WEN by 1,167.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock valued at $34,504,000 after buying an additional 2,010,275 shares during the period. Geode Capital Management LLC grew its stake in shares of JELD-WEN by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,945,899 shares of the company’s stock valued at $30,771,000 after buying an additional 9,468 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of JELD-WEN by 57.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,099,890 shares of the company’s stock valued at $33,200,000 after buying an additional 764,645 shares during the period. Natixis Advisors LLC grew its stake in shares of JELD-WEN by 78.1% in the 3rd quarter. Natixis Advisors LLC now owns 411,660 shares of the company’s stock valued at $6,508,000 after buying an additional 180,511 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of JELD-WEN in the 3rd quarter valued at about $293,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Barclays reduced their price target on JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. UBS Group restated a “neutral” rating and set a $9.00 target price (down from $15.00) on shares of JELD-WEN in a research note on Wednesday, January 8th. B. Riley dropped their price target on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group dropped their price target on JELD-WEN from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada decreased their price objective on JELD-WEN from $9.00 to $8.00 and set an “underperform” rating for the company in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat.com, JELD-WEN presently has an average rating of “Hold” and an average target price of $12.75.

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.