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

JELD-WEN Holding, Inc. (NYSE:JELD) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 3,070,000 shares, a growth of 7.3% from the May 31st total of 2,860,000 shares. Currently, 3.6% of the company’s stock are sold short. Based on an average daily volume of 885,800 shares, the short-interest ratio is presently 3.5 days.

JELD-WEN Stock Performance

Shares of JELD-WEN stock traded down $0.06 during midday trading on Tuesday, hitting $12.91. The company had a trading volume of 527,642 shares, compared to its average volume of 688,349. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 56.13 and a beta of 2.28. JELD-WEN has a 12-month low of $11.02 and a 12-month high of $21.75. The company has a quick ratio of 1.39, a current ratio of 2.08 and a debt-to-equity ratio of 1.46. The company has a fifty day simple moving average of $15.44 and a 200 day simple moving average of $17.70.

JELD-WEN (NYSE:JELD) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. JELD-WEN had a net margin of 0.47% and a return on equity of 15.78%. The business had revenue of $959.10 million during the quarter, compared to the consensus estimate of $972.62 million. As a group, analysts predict that JELD-WEN will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of JELD-WEN

Several large investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC raised its holdings in shares of JELD-WEN by 1.5% during the fourth quarter. SummerHaven Investment Management LLC now owns 40,531 shares of the company’s stock worth $765,000 after purchasing an additional 591 shares during the last quarter. Diversified Trust Co raised its stake in shares of JELD-WEN by 4.2% during the 1st quarter. Diversified Trust Co now owns 24,301 shares of the company’s stock valued at $516,000 after buying an additional 981 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of JELD-WEN by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,305 shares of the company’s stock valued at $325,000 after buying an additional 1,205 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 buying an additional 1,922 shares during the last quarter. Finally, Ziegler Capital Management LLC grew its holdings in JELD-WEN by 5.8% during the fourth quarter. Ziegler Capital Management LLC now owns 43,930 shares of the company’s stock worth $829,000 after acquiring an additional 2,392 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on JELD. Royal Bank of Canada reduced their price objective on shares of JELD-WEN from $16.00 to $13.00 and set an “underperform” rating for the company in a research note on Wednesday, May 8th. Barclays reduced their price target on JELD-WEN from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Monday, May 13th. UBS Group dropped their price objective on JELD-WEN from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, StockNews.com downgraded shares of JELD-WEN from a “buy” rating to a “hold” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.00.

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.