Cubist Systematic Strategies LLC cut its position in Jeld-Wen Holding Inc (NYSE:JELD) by 73.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,002 shares of the company’s stock after selling 41,682 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Jeld-Wen were worth $318,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in JELD. GAM Holding AG bought a new position in Jeld-Wen in the first quarter worth about $346,000. Marshall Wace LLP acquired a new position in shares of Jeld-Wen during the first quarter valued at about $143,000. Marshall Wace North America L.P. acquired a new position in shares of Jeld-Wen during the first quarter valued at about $394,000. First Trust Advisors LP acquired a new position in shares of Jeld-Wen during the first quarter valued at about $704,000. Finally, DNB Asset Management AS increased its holdings in shares of Jeld-Wen by 66.7% during the second quarter. DNB Asset Management AS now owns 191,157 shares of the company’s stock valued at $4,062,000 after acquiring an additional 76,483 shares in the last quarter. Institutional investors and hedge funds own 59.91% of the company’s stock.
Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Jeld-Wen from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Jeld-Wen from a “hold” rating to a “sell” rating in a report on Tuesday, July 23rd. B. Riley set a $21.00 price objective on shares of Jeld-Wen and gave the company a “hold” rating in a report on Monday, August 12th. Bank of America restated a “sell” rating and set a $18.00 price objective on shares of Jeld-Wen in a report on Monday, August 26th. Finally, TheStreet upgraded shares of Jeld-Wen from a “d+” rating to a “c-” rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $21.17.
Jeld-Wen (NYSE:JELD) last issued its earnings results on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.05). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Jeld-Wen had a net margin of 2.47% and a return on equity of 19.84%. Jeld-Wen’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. On average, research analysts anticipate that Jeld-Wen Holding Inc will post 1.53 EPS for the current fiscal year.
JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
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