Caesars Entertainment misses Q2 earnings expectations, shares edge lower
JELD-WEN Holding, Inc. (NYSE:JELD) has seen significant activity with Turtle Creek Asset Management Inc., a ten percent owner, purchasing a substantial amount of the company’s common stock. On May 6, Turtle Creek acquired a total of 149,000 shares, amounting to approximately $639,030. The shares were bought at a weighted average price of $4.2602 per share, with transaction prices ranging from $4.07 to $4.44. According to InvestingPro data, this insider buying comes as the stock trades near its 52-week low of $3.95, having declined over 70% in the past year.
These purchases were made through various funds managed by Turtle Creek, including Turtle Creek Equity Fund, Turtle Creek Investment Fund, Turtle Creek United States Equity Fund, Turtle Creek Synthetic PE Fund, and Turtle Creek North American Equity Fund. Following these transactions, Turtle Creek’s total ownership in JELD-WEN increased significantly, with shares held across different funds. InvestingPro analysis shows the company maintains a healthy current ratio of 1.87, indicating sufficient liquidity to meet short-term obligations despite recent market challenges.
The reporting person, identified as the investment manager for these funds, has stated that they disclaim beneficial ownership of the securities except to the extent of their pecuniary interest. The purchases reflect Turtle Creek’s strategic investment decisions in JELD-WEN, as indicated in their recent SEC filing. While analysts expect the company to return to profitability this year, InvestingPro subscribers have access to 20+ additional exclusive insights about JELD-WEN’s financial health and market position through the comprehensive Pro Research Report.
In other recent news, Jeld-Wen Holding Inc. reported its Q1 2025 earnings, showing a mixed financial performance. The company posted an earnings per share (EPS) of -0.17, slightly better than the forecasted -0.19. Revenue was $776 million, marginally surpassing the expected $769.25 million but representing a 19% year-over-year decline. Jeld-Wen has withdrawn its full-year guidance due to market uncertainty, although it anticipates Q2 Adjusted EBITDA to be slightly above Q1 levels. The company is also facing a $30 million tariff impact in 2025, with plans to pass these costs onto customers. In response to these challenges, Jeld-Wen is undergoing significant operational restructuring and cost-saving initiatives. The company’s North American segment saw a 22% drop in revenue, while the European segment experienced a 12% decline. Despite these hurdles, Jeld-Wen is focusing on improving production capabilities and enhancing customer service to navigate the tough macroeconomic environment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.