Cubist Systematic Strategies LLC Boosts Position in JELD-WEN Holding, Inc. (JELD)

Cubist Systematic Strategies LLC increased its holdings in JELD-WEN Holding, Inc. (NYSE:JELD) by 2,794.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,924 shares of the company’s stock after buying an additional 28,890 shares during the quarter. 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 bought and sold shares of JELD. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in JELD-WEN during the 2nd quarter worth approximately $105,000. Quantbot Technologies LP bought a new stake in JELD-WEN during the 3rd quarter worth approximately $110,000. Oppenheimer Asset Management Inc. bought a new stake in JELD-WEN during the 2nd quarter worth approximately $135,000. Breton Hill Capital Ltd. bought a new stake in JELD-WEN during the 3rd quarter worth approximately $208,000. Finally, Sii Investments Inc. WI bought a new stake in JELD-WEN during the 3rd quarter worth approximately $217,000. 41.02% of the stock is currently owned by institutional investors.

In related news, major shareholder Corp Onex sold 20,832,636 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $32.74, for a total value of $682,060,502.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John R. Linker sold 7,235 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.74, for a total transaction of $236,873.90. Following the completion of the sale, the senior vice president now owns 14,453 shares in the company, valued at approximately $473,191.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,672,683 shares of company stock worth $1,560,803,641.

A number of equities research analysts have commented on the stock. B. Riley raised their target price on shares of JELD-WEN from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 15th. Barclays raised their target price on shares of JELD-WEN from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of JELD-WEN from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. ValuEngine cut shares of JELD-WEN from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird restated an “outperform” rating and set a $40.00 target price (up previously from $38.00) on shares of JELD-WEN in a research note on Monday, October 2nd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $37.27.

Shares of JELD-WEN Holding, Inc. (NYSE JELD) opened at $38.94 on Wednesday. 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 Holding, Inc. has a 1 year low of $24.95 and a 1 year high of $40.25.

JELD-WEN (NYSE:JELD) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $991.40 million for the quarter, compared to analysts’ expectations of $974.98 million. JELD-WEN had a net margin of 9.12% and a return on equity of 58.83%. The company’s revenue was up 6.3% on a year-over-year basis. equities research analysts forecast that JELD-WEN Holding, Inc. will post 1.59 earnings per share for the current year.

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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.

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Institutional Ownership by Quarter for JELD-WEN (NYSE:JELD)

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