Innealta Capital LLC Acquires New Stake in JELD-WEN Holding, Inc. (NYSE:JELD)

Innealta Capital LLC bought a new position in shares of JELD-WEN Holding, Inc. (NYSE:JELD) during the second quarter, HoldingsChannel.com reports. The firm bought 2,246 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in shares of JELD-WEN by 790.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,165 shares of the company’s stock valued at $46,000 after acquiring an additional 1,922 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of JELD-WEN during the 4th quarter worth $103,000. ProShare Advisors LLC raised its position 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 worth $325,000 after buying an additional 1,205 shares during the period. Boulder Hill Capital Management LP purchased a new stake in JELD-WEN during the fourth quarter valued at about $342,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in JELD-WEN by 60.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,042 shares of the company’s stock worth $397,000 after acquiring an additional 7,897 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JELD. Loop Capital decreased their target price on JELD-WEN from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, July 19th. The Goldman Sachs Group dropped their price objective on shares of JELD-WEN from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Royal Bank of Canada restated an “underperform” rating and set a $13.00 target price on shares of JELD-WEN in a report on Wednesday, August 7th. UBS Group decreased their target price on JELD-WEN from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, Barclays reduced their price target on JELD-WEN from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.80.

JELD-WEN Stock Up 0.2 %

JELD stock opened at $14.24 on Friday. The company has a market capitalization of $1.22 billion, a P/E ratio of 61.91 and a beta of 2.28. The firm has a 50 day simple moving average of $14.47 and a 200-day simple moving average of $16.56. The company has a current ratio of 2.08, a quick ratio of 1.39 and a debt-to-equity ratio of 1.46. JELD-WEN Holding, Inc. has a twelve month low of $11.02 and a twelve month high of $21.75.

JELD-WEN (NYSE:JELD) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.11. The company had revenue of $986.00 million during the quarter, compared to analyst estimates of $1 billion. JELD-WEN had a net margin of 0.47% and a return on equity of 15.78%. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. On average, equities research analysts predict that JELD-WEN Holding, Inc. will post 1.19 earnings per share for the current fiscal year.

JELD-WEN Profile

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.