Cubist Systematic Strategies LLC Boosts Holdings in Jeld-Wen Holding Inc (JELD)

Cubist Systematic Strategies LLC lifted its position in Jeld-Wen Holding Inc (NYSE:JELD) by 2,794.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,924 shares of the company’s stock after buying an additional 28,890 shares during the period. Cubist Systematic Strategies LLC’s holdings in Jeld-Wen were worth $1,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of JELD. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Jeld-Wen during the second quarter valued at $105,000. Quantbot Technologies LP purchased a new position in Jeld-Wen in the third quarter valued at about $110,000. Oppenheimer Asset Management Inc. purchased a new position in Jeld-Wen in the second quarter valued at about $135,000. Breton Hill Capital Ltd. purchased a new position in Jeld-Wen in the third quarter valued at about $208,000. Finally, Sii Investments Inc. WI purchased a new position in Jeld-Wen in the third quarter valued at about $217,000. 41.01% of the stock is currently owned by institutional investors.

Jeld-Wen Holding Inc (NYSE JELD) traded up $0.66 during mid-day trading on Thursday, hitting $40.63. The stock had a trading volume of 345,050 shares, compared to its average volume of 574,069. The firm has a market cap of $4,210.00 and a P/E ratio of -18.38. Jeld-Wen Holding Inc has a one year low of $24.95 and a one year high of $42.27. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.28 and a current ratio of 1.93.

Jeld-Wen (NYSE:JELD) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The business had revenue of $991.40 million for the quarter, compared to the consensus estimate of $974.98 million. Jeld-Wen had a return on equity of 58.83% and a net margin of 9.12%. The company’s revenue was up 6.3% compared to the same quarter last year. analysts predict that Jeld-Wen Holding Inc will post 1.62 EPS for the current year.

In related news, major shareholder Corp Onex sold 12,465,047 shares of Jeld-Wen stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $32.74, for a total transaction of $408,105,638.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Kirk S. Hachigian sold 156,029 shares of Jeld-Wen stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $32.74, for a total value of $5,108,389.46. Following the transaction, the chairman now owns 413,930 shares of the company’s stock, valued at approximately $13,552,068.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,672,683 shares of company stock valued at $1,560,803,641.

A number of brokerages have weighed in on JELD. Zacks Investment Research raised Jeld-Wen from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Wednesday. Robert W. Baird reissued a “buy” rating and set a $46.00 price objective on shares of Jeld-Wen in a research report on Tuesday. Barclays set a $44.00 price objective on Jeld-Wen and gave the stock a “buy” rating in a research report on Monday. B. Riley upped their price target on Jeld-Wen from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. Finally, ValuEngine lowered Jeld-Wen from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.40.

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Jeld-Wen Company Profile

JELD-WEN Holding, Inc is a door and window manufacturer. The Company designs, produces and distributes a range of interior and exterior doors, wood, vinyl and aluminum windows, and related products for use in the new construction and repair and remodeling, of residential homes, and to an extent, non-residential buildings.

Institutional Ownership by Quarter for Jeld-Wen (NYSE:JELD)

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