Jeld-Wen Holding Inc (NYSE:JELD) was the target of some unusual options trading activity on Monday. Traders bought 1,066 put options on the stock. This represents an increase of approximately 966% compared to the typical volume of 100 put options.
JELD has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Jeld-Wen from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. Royal Bank of Canada downgraded shares of Jeld-Wen from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $21.00 to $18.00 in a report on Friday, January 11th. Seaport Global Securities initiated coverage on shares of Jeld-Wen in a research report on Friday, March 15th. They issued a “buy” rating and a $26.00 target price for the company. Finally, Credit Suisse Group set a $20.00 target price on shares of Jeld-Wen and gave the company a “hold” rating in a research report on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $22.57.
NYSE JELD opened at $21.69 on Tuesday. The stock has a market cap of $2.19 billion, a PE ratio of 13.56, a P/E/G ratio of 1.08 and a beta of 2.89. Jeld-Wen has a 12 month low of $13.28 and a 12 month high of $32.32. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.72 and a quick ratio of 0.95.
In related news, Chairman Kirk S. Hachigian sold 42,927 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $20.08, for a total transaction of $861,974.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.47% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in JELD. Pzena Investment Management LLC increased its holdings in shares of Jeld-Wen by 21.5% during the fourth quarter. Pzena Investment Management LLC now owns 8,345,441 shares of the company’s stock valued at $118,589,000 after purchasing an additional 1,477,003 shares during the period. FMR LLC boosted its position in shares of Jeld-Wen by 21.1% in the 4th quarter. FMR LLC now owns 6,631,180 shares of the company’s stock valued at $94,229,000 after purchasing an additional 1,157,073 shares during the period. Raging Capital Management LLC boosted its position in shares of Jeld-Wen by 178.0% in the 4th quarter. Raging Capital Management LLC now owns 1,223,056 shares of the company’s stock valued at $17,380,000 after purchasing an additional 783,056 shares during the period. Norges Bank acquired a new position in shares of Jeld-Wen in the 4th quarter valued at $10,991,000. Finally, Dimensional Fund Advisors LP boosted its position in Jeld-Wen by 47.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,260,627 shares of the company’s stock worth $17,914,000 after acquiring an additional 408,034 shares during the period. Hedge funds and other institutional investors own 68.20% of the company’s stock.
WARNING: “Jeld-Wen Target of Unusually High Options Trading (JELD)” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://sportsperspectives.com/2019/05/07/jeld-wen-target-of-unusually-high-options-trading-jeld.html.
Jeld-Wen Company Profile
JELD-WEN Holding, Inc manufactures and sells doors and windows primarily in North America, Europe, and Australasia. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; and wood, vinyl, and aluminum windows.
Featured Story: Conference Calls
Receive News & Ratings for Jeld-Wen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jeld-Wen and related companies with MarketBeat.com's FREE daily email newsletter.