Short Interest in JELD-WEN Holding, Inc. (NYSE:JELD) Rises By 33.3%

JELD-WEN Holding, Inc. (NYSE:JELD) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 4,867,692 shares, an increase of 33.3% from the February 26th total of 3,651,658 shares. Based on an average daily trading volume, of 1,832,579 shares, the short-interest ratio is currently 2.7 days. Currently, 5.7% of the shares of the stock are sold short.

JELD-WEN Price Performance

Shares of JELD-WEN stock traded down $0.06 on Friday, hitting $1.15. 1,023,971 shares of the company were exchanged, compared to its average volume of 1,760,266. The company has a quick ratio of 0.99, a current ratio of 1.76 and a debt-to-equity ratio of 12.47. The company has a 50-day moving average price of $2.14 and a 200 day moving average price of $3.05. The stock has a market capitalization of $98.82 million, a price-to-earnings ratio of -0.16 and a beta of 1.76. JELD-WEN has a 1-year low of $1.14 and a 1-year high of $6.98.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.19). The company had revenue of $801.96 million during the quarter, compared to analyst estimates of $747.20 million. JELD-WEN had a negative net margin of 18.96% and a negative return on equity of 29.63%. As a group, sell-side analysts predict that JELD-WEN will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in shares of JELD-WEN by 238.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,389 shares of the company’s stock valued at $29,000 after acquiring an additional 5,205 shares during the last quarter. Quarry LP acquired a new stake in JELD-WEN during the third quarter worth about $49,000. Performa Ltd US LLC raised its stake in JELD-WEN by 73.8% during the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock worth $32,000 after purchasing an additional 5,500 shares during the period. Zacks Investment Management purchased a new position in JELD-WEN during the third quarter worth about $64,000. Finally, GAMMA Investing LLC boosted its holdings in JELD-WEN by 264.0% in the 4th quarter. GAMMA Investing LLC now owns 13,443 shares of the company’s stock valued at $33,000 after purchasing an additional 9,750 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on JELD shares. The Goldman Sachs Group decreased their target price on JELD-WEN from $3.75 to $3.25 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a research report on Monday, December 29th. Barclays set a $2.50 price objective on JELD-WEN in a research note on Monday, December 8th. Jefferies Financial Group lifted their target price on shares of JELD-WEN from $2.25 to $2.60 and gave the stock a “hold” rating in a research note on Monday, December 15th. Finally, Zacks Research raised shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Six analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $3.35.

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.