nVerses Capital LLC Makes New $92,000 Investment in JELD-WEN Holding, Inc. (NYSE:JELD)

nVerses Capital LLC purchased a new stake in shares of JELD-WEN Holding, Inc. (NYSE:JELD) in the second quarter, according to its most recent filing with the SEC. The firm purchased 6,800 shares of the company’s stock, valued at approximately $92,000.

Several other institutional investors have also modified their holdings of the company. Congress Asset Management Co. MA acquired a new position in JELD-WEN during the first quarter worth $4,631,000. First Eagle Investment Management LLC raised its stake in shares of JELD-WEN by 99.9% during the 4th quarter. First Eagle Investment Management LLC now owns 251,784 shares of the company’s stock worth $4,754,000 after buying an additional 125,837 shares during the last quarter. Access Investment Management LLC purchased a new stake in shares of JELD-WEN in the 4th quarter worth about $2,124,000. Vaughan Nelson Investment Management L.P. acquired a new stake in JELD-WEN in the 1st quarter valued at about $6,750,000. Finally, Bridgeway Capital Management LLC increased its holdings in JELD-WEN by 13.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 713,783 shares of the company’s stock valued at $13,476,000 after acquiring an additional 85,455 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

JELD-WEN Stock Down 3.8 %

Shares of NYSE:JELD opened at $13.70 on Wednesday. JELD-WEN Holding, Inc. has a 12-month low of $11.02 and a 12-month high of $21.75. The stock’s 50-day moving average price is $14.51 and its two-hundred day moving average price is $16.44. The company has a current ratio of 2.03, a quick ratio of 1.33 and a debt-to-equity ratio of 1.53. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 59.57 and a beta of 2.28.

JELD-WEN (NYSE:JELD) last released its earnings results on Monday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.11. JELD-WEN had a negative net margin of 0.92% and a positive return on equity of 14.32%. The business had revenue of $986.00 million for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the company earned $0.44 earnings per share. The company’s quarterly revenue was down 12.4% on a year-over-year basis. On average, research analysts forecast that JELD-WEN Holding, Inc. will post 1.31 EPS for the current year.

JELD-WEN Company 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.