Applied Fundamental Research LLC Sells 42,132 Shares of Janus International Group, Inc. $JBI

Key Points

• Applied Fundamental Research LLC reduced its stake in Janus International Group by 12.2%, selling 42,132 shares during the second quarter, leaving them with 304,542 shares valued at approximately $2.48 million.
• Several institutional investors have increased their holdings in Janus International Group, with GAMMA Investing LLC notably raising its stake by 787.5%.
• Wall Street analysts have generally positive forecasts for Janus International Group, with an average target price of $10.67 and ratings of "Buy" and "Hold" from multiple firms.

Applied Fundamental Research LLC decreased its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 12.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 304,542 shares of the company's stock after selling 42,132 shares during the period. Janus International Group comprises 2.2% of Applied Fundamental Research LLC's portfolio, making the stock its 11th largest holding. Applied Fundamental Research LLC owned about 0.22% of Janus International Group worth $2,479,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Janus International Group by 787.5% during the 1st quarter. GAMMA Investing LLC now owns 17,813 shares of the company's stock valued at $128,000 after buying an additional 15,806 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Janus International Group in the first quarter valued at about $72,000. Exchange Traded Concepts LLC bought a new position in Janus International Group in the first quarter valued at about $228,000. Janney Montgomery Scott LLC bought a new position in Janus International Group in the first quarter valued at about $355,000. Finally, Yorktown Management & Research Co Inc bought a new position in Janus International Group in the first quarter valued at about $205,000. Institutional investors own 88.78% of the company's stock.

Wall Street Analysts Forecast Growth

JBI has been the topic of several recent research reports. UBS Group increased their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Jefferies Financial Group increased their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a research note on Wednesday, August 20th. KeyCorp increased their price target on shares of Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Janus International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Janus International Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $10.67.

Janus International Group Price Performance

NYSE JBI opened at $9.87 on Wednesday. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $10.80. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 31.82 and a beta of 1.34. The company's 50 day moving average is $10.07 and its two-hundred day moving average is $8.67. The company has a current ratio of 2.61, a quick ratio of 2.26 and a debt-to-equity ratio of 1.00.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data on Monday, March 28th. The company reported $0.24 EPS for the quarter. The firm had revenue of $148.59 million for the quarter. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. As a group, research analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

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.

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