Miller Value Partners LLC boosted its position in shares of JELD-WEN Holding, Inc. (NYSE:JELD – Free Report) by 99.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,134,210 shares of the company’s stock after acquiring an additional 2,065,370 shares during the period. JELD-WEN makes up about 3.6% of Miller Value Partners LLC’s investment portfolio, making the stock its 10th largest position. Miller Value Partners LLC’s holdings in JELD-WEN were worth $10,170,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of JELD-WEN by 66.1% in the 1st quarter. Royal Bank of Canada now owns 53,641 shares of the company’s stock valued at $321,000 after acquiring an additional 21,346 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of JELD-WEN by 37.5% in the 1st quarter. AQR Capital Management LLC now owns 375,806 shares of the company’s stock valued at $2,244,000 after acquiring an additional 102,543 shares in the last quarter. Millennium Management LLC grew its holdings in shares of JELD-WEN by 42.7% in the 1st quarter. Millennium Management LLC now owns 902,802 shares of the company’s stock valued at $5,390,000 after acquiring an additional 270,226 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of JELD-WEN by 3.1% in the 1st quarter. Empowered Funds LLC now owns 442,547 shares of the company’s stock valued at $2,642,000 after acquiring an additional 13,115 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of JELD-WEN by 82.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 396,514 shares of the company’s stock valued at $2,367,000 after acquiring an additional 179,615 shares in the last quarter. Institutional investors own 95.04% of the company’s stock.
Insider Buying and Selling
In related news, Director Bruce M. Taten sold 19,483 shares of JELD-WEN stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $1.66, for a total transaction of $32,341.78. Following the completion of the transaction, the director owned 88,158 shares in the company, valued at approximately $146,342.28. This trade represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.87% of the company’s stock.
JELD-WEN Trading Down 8.0%
JELD-WEN (NYSE:JELD – Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.20). JELD-WEN had a negative return on equity of 65.79% and a negative net margin of 16.02%.The business had revenue of $722.13 million for the quarter, compared to the consensus estimate of $721.62 million.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on JELD shares. Weiss Ratings restated a “sell (e+)” rating on shares of JELD-WEN in a report on Friday, May 22nd. UBS Group decreased their price objective on JELD-WEN from $3.00 to $1.60 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Wall Street Zen cut JELD-WEN from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $1.75 price objective on shares of JELD-WEN in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $2.11.
Check Out Our Latest Research Report on JELD-WEN
JELD-WEN 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.
Read More
- Five stocks we like better than JELD-WEN
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Want to see what other hedge funds are holding JELD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JELD-WEN Holding, Inc. (NYSE:JELD – Free Report).
Receive News & Ratings for JELD-WEN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JELD-WEN and related companies with MarketBeat.com's FREE daily email newsletter.
