Wasatch Advisors LP Acquires 1,081,828 Shares of Janus International Group, Inc. (NYSE:JBI)

Wasatch Advisors LP raised its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 30.0% during the third quarter, HoldingsChannel reports. The fund owned 4,690,089 shares of the company’s stock after purchasing an additional 1,081,828 shares during the quarter. Wasatch Advisors LP’s holdings in Janus International Group were worth $47,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in shares of Janus International Group during the 2nd quarter valued at $60,000. Amalgamated Bank grew its position in shares of Janus International Group by 73.2% during the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after purchasing an additional 2,074 shares in the last quarter. Quarry LP grew its position in shares of Janus International Group by 216.4% during the 2nd quarter. Quarry LP now owns 6,527 shares of the company’s stock valued at $82,000 after purchasing an additional 4,464 shares in the last quarter. Comerica Bank grew its position in shares of Janus International Group by 78.8% during the 1st quarter. Comerica Bank now owns 6,721 shares of the company’s stock valued at $102,000 after purchasing an additional 2,962 shares in the last quarter. Finally, SkyView Investment Advisors LLC purchased a new position in shares of Janus International Group during the 2nd quarter valued at $126,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Stock Up 1.2 %

Shares of NYSE:JBI opened at $7.48 on Friday. The firm has a fifty day moving average of $8.79 and a 200 day moving average of $11.19. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. Janus International Group, Inc. has a 52-week low of $6.68 and a 52-week high of $15.86. The firm has a market capitalization of $1.06 billion, a PE ratio of 10.39 and a beta of 0.92.

Janus International Group (NYSE:JBI) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The business had revenue of $230.10 million for the quarter, compared to analysts’ expectations of $248.21 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The business’s quarterly revenue was down 17.9% on a year-over-year basis. As a group, research analysts anticipate that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JBI shares. Jefferies Financial Group lowered shares of Janus International Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $12.00 to $7.50 in a research report on Monday, November 4th. Benchmark cut their target price on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wolfe Research lowered shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. UBS Group cut their target price on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, KeyCorp cut their target price on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.25.

Janus International Group Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.