Gotham Asset Management LLC Makes New $296,000 Investment in Janus International Group, Inc. (NYSE:JBI)

Gotham Asset Management LLC acquired a new stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,273 shares of the company's stock, valued at approximately $296,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC raised its position in Janus International Group by 216.2% in the 3rd quarter. Barclays PLC now owns 235,897 shares of the company's stock valued at $2,385,000 after buying an additional 161,290 shares during the last quarter. DAVENPORT & Co LLC raised its position in Janus International Group by 13.9% in the 4th quarter. DAVENPORT & Co LLC now owns 3,263,858 shares of the company's stock valued at $24,054,000 after buying an additional 397,301 shares during the last quarter. Principal Financial Group Inc. raised its position in Janus International Group by 15.0% in the 4th quarter. Principal Financial Group Inc. now owns 210,375 shares of the company's stock valued at $1,546,000 after buying an additional 27,499 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Janus International Group in the 4th quarter valued at $6,797,000. Finally, Xponance Inc. bought a new position in Janus International Group in the 4th quarter valued at $74,000. Institutional investors own 88.78% of the company's stock.

Janus International Group Stock Performance

NYSE:JBI traded down $0.19 during trading on Friday, reaching $8.05. The company's stock had a trading volume of 1,892,901 shares, compared to its average volume of 1,955,923. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 11.17 and a beta of 1.20. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The firm has a 50 day moving average of $7.32 and a 200-day moving average of $7.60. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $15.24.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. The firm had revenue of $210.50 million during the quarter, compared to the consensus estimate of $200.73 million. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The business's revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Research analysts expect that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Janus International Group declared that its board has authorized a stock repurchase program on Thursday, May 15th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, KeyCorp upped their price objective on Janus International Group from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $10.00.

Janus International Group Company 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.