JELD-WEN Holding, Inc. (NYSE:JELD) Short Interest Update

JELD-WEN Holding, Inc. (NYSE:JELD) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 3,651,658 shares, an increase of 24.4% from the February 12th total of 2,934,661 shares. Currently, 4.3% of the company’s stock are sold short. Based on an average trading volume of 1,987,264 shares, the days-to-cover ratio is currently 1.8 days. Based on an average trading volume of 1,987,264 shares, the days-to-cover ratio is currently 1.8 days. Currently, 4.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JELD. Caitong International Asset Management Co. Ltd increased its holdings in JELD-WEN by 1,859.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 89,266 shares of the company’s stock valued at $220,000 after buying an additional 84,710 shares during the period. Aristides Capital LLC bought a new position in shares of JELD-WEN during the 4th quarter worth about $178,000. Invesco Ltd. boosted its position in shares of JELD-WEN by 13.6% during the 4th quarter. Invesco Ltd. now owns 155,603 shares of the company’s stock valued at $383,000 after acquiring an additional 18,630 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of JELD-WEN during the 4th quarter valued at about $152,000. Finally, Quadrature Capital Ltd increased its stake in JELD-WEN by 144.1% in the fourth quarter. Quadrature Capital Ltd now owns 47,563 shares of the company’s stock valued at $117,000 after acquiring an additional 28,078 shares during the period. 95.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

JELD-WEN Stock Performance

Shares of NYSE:JELD traded down $0.01 on Tuesday, hitting $1.44. 563,923 shares of the company were exchanged, compared to its average volume of 1,569,534. The company’s 50 day moving average price is $2.40 and its two-hundred day moving average price is $3.37. The firm has a market capitalization of $123.85 million, a price-to-earnings ratio of -0.20 and a beta of 1.77. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.99 and a current ratio of 1.76. JELD-WEN has a one year low of $1.42 and a one year high of $6.98.

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

JELD-WEN Company Profile

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.