Massachusetts Financial Services Co. MA Sells 59,731 Shares of JELD-WEN Holding, Inc. (NYSE:JELD)

Massachusetts Financial Services Co. MA cut its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 40.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,703 shares of the company’s stock after selling 59,731 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in JELD-WEN were worth $1,418,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in JELD. Victory Capital Management Inc. raised its position in shares of JELD-WEN by 1,167.9% during the third quarter. Victory Capital Management Inc. now owns 2,182,401 shares of the company’s stock worth $34,504,000 after acquiring an additional 2,010,275 shares during the last quarter. Pzena Investment Management LLC raised its holdings in JELD-WEN by 26.3% during the 2nd quarter. Pzena Investment Management LLC now owns 9,320,851 shares of the company’s stock worth $125,552,000 after purchasing an additional 1,939,052 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in JELD-WEN by 319.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,335,245 shares of the company’s stock valued at $17,985,000 after purchasing an additional 1,017,275 shares during the period. Engine Capital Management LP boosted its stake in shares of JELD-WEN by 223.6% in the 2nd quarter. Engine Capital Management LP now owns 1,162,303 shares of the company’s stock valued at $15,656,000 after purchasing an additional 803,095 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new position in shares of JELD-WEN in the 2nd quarter valued at about $5,342,000. 95.04% of the stock is owned by institutional investors.

JELD-WEN Trading Up 1.0 %

NYSE:JELD opened at $10.81 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.03 and a quick ratio of 1.33. The stock has a market capitalization of $914.74 million, a PE ratio of -5.92 and a beta of 2.25. The business’s 50-day simple moving average is $13.76 and its 200-day simple moving average is $14.23. JELD-WEN Holding, Inc. has a fifty-two week low of $8.90 and a fifty-two week high of $21.75.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The company had revenue of $934.70 million for the quarter, compared to the consensus estimate of $990.64 million. JELD-WEN had a positive return on equity of 12.32% and a negative net margin of 3.98%. The firm’s revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. Sell-side analysts expect that JELD-WEN Holding, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JELD-WEN news, major shareholder Turtle Creek Asset Management bought 200,000 shares of JELD-WEN stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average price of $10.48 per share, for a total transaction of $2,096,000.00. Following the completion of the acquisition, the insider now owns 11,941,452 shares of the company’s stock, valued at $125,146,416.96. This trade represents a 1.70 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on JELD shares. Barclays cut their price objective on shares of JELD-WEN from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Jefferies Financial Group upped their target price on shares of JELD-WEN from $15.00 to $17.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada reduced their price target on JELD-WEN from $13.00 to $9.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group dropped their price objective on JELD-WEN from $17.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Finally, B. Riley reduced their target price on JELD-WEN from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.56.

About JELD-WEN

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.