Jeld-Wen Holding Inc (NYSE:JELD) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 2,680,000 shares, a drop of 9.5% from the December 15th total of 2,960,000 shares. Approximately 4.0% of the company’s shares are short sold. Based on an average daily volume of 614,900 shares, the short-interest ratio is currently 4.4 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Southpoint Capital Advisors LP increased its holdings in Jeld-Wen by 7.3% during the 2nd quarter. Southpoint Capital Advisors LP now owns 2,682,700 shares of the company’s stock worth $56,954,000 after purchasing an additional 182,700 shares during the period. Invesco Ltd. increased its holdings in Jeld-Wen by 0.5% during the 2nd quarter. Invesco Ltd. now owns 1,301,235 shares of the company’s stock worth $27,625,000 after purchasing an additional 5,986 shares during the period. Nuveen Asset Management LLC purchased a new position in Jeld-Wen during the 2nd quarter worth $12,152,000. Charles Schwab Investment Management Inc. increased its holdings in Jeld-Wen by 3.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 490,476 shares of the company’s stock worth $10,413,000 after purchasing an additional 15,544 shares during the period. Finally, Skyline Asset Management LP increased its holdings in Jeld-Wen by 1.0% during the 3rd quarter. Skyline Asset Management LP now owns 400,900 shares of the company’s stock worth $7,733,000 after purchasing an additional 4,100 shares during the period. Institutional investors own 60.33% of the company’s stock.

Several equities research analysts have recently weighed in on JELD shares. Royal Bank of Canada reduced their price target on Jeld-Wen from $20.00 to $17.00 and set a “sector perform” rating on the stock in a report on Monday, October 14th. Robert W. Baird upgraded Jeld-Wen from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $22.00 to $26.00 in a report on Tuesday, November 26th. Goldman Sachs Group started coverage on Jeld-Wen in a report on Friday, December 6th. They issued a “neutral” rating and a $22.00 price target on the stock. Zacks Investment Research upgraded Jeld-Wen from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, January 8th. Finally, B. Riley reduced their price target on Jeld-Wen from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.10.

Shares of NYSE JELD traded down $0.21 during midday trading on Tuesday, hitting $24.66. The company’s stock had a trading volume of 574,399 shares, compared to its average volume of 689,451. The company has a current ratio of 1.57, a quick ratio of 0.94 and a debt-to-equity ratio of 2.03. The business’s 50 day moving average is $23.56 and its two-hundred day moving average is $20.28. Jeld-Wen has a 12-month low of $15.33 and a 12-month high of $25.56. The firm has a market cap of $2.53 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.63 and a beta of 2.73.

Jeld-Wen (NYSE:JELD) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.12). Jeld-Wen had a return on equity of 17.68% and a net margin of 2.22%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, analysts predict that Jeld-Wen will post 1.21 earnings per share for the current fiscal year.

About Jeld-Wen

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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