Applied Fundamental Research LLC cut its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 56.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 346,674 shares of the company's stock after selling 443,920 shares during the quarter. Janus International Group makes up 2.1% of Applied Fundamental Research LLC's investment portfolio, making the stock its 10th largest position. Applied Fundamental Research LLC owned about 0.25% of Janus International Group worth $2,496,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of JBI. Federated Hermes Inc. grew its holdings in Janus International Group by 109.3% in the fourth quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock valued at $35,000 after purchasing an additional 2,506 shares during the period. Tower Research Capital LLC TRC grew its holdings in Janus International Group by 42.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock valued at $38,000 after purchasing an additional 1,544 shares during the period. US Bancorp DE grew its holdings in Janus International Group by 108.8% in the fourth quarter. US Bancorp DE now owns 5,601 shares of the company's stock valued at $41,000 after purchasing an additional 2,918 shares during the period. Group One Trading LLC grew its holdings in Janus International Group by 9,000.0% in the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company's stock valued at $67,000 after purchasing an additional 9,000 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Janus International Group in the first quarter valued at approximately $72,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.
Janus International Group Trading Down 1.3%
JBI traded down $0.12 during trading on Friday, hitting $9.05. 591,725 shares of the company's stock were exchanged, compared to its average volume of 1,861,045. The company has a current ratio of 2.59, a quick ratio of 2.21 and a debt-to-equity ratio of 1.03. Janus International Group, Inc. has a 1 year low of $5.99 and a 1 year high of $15.24. The stock has a 50 day moving average price of $8.30 and a 200 day moving average price of $7.81. The firm has a market cap of $1.27 billion, a P/E ratio of 25.86 and a beta of 1.24.
Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. Janus International Group had a net margin of 5.49% and a return on equity of 13.38%. The company had revenue of $210.50 million during the quarter, compared to the consensus estimate of $200.73 million. During the same period in the previous year, the firm earned $0.21 earnings per share. Janus International Group's revenue for the quarter was down 17.3% on a year-over-year basis. As a group, 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 approved a share repurchase program on Thursday, May 15th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Separately, KeyCorp boosted their target price on shares of Janus International Group from $9.00 to $10.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $10.00.
View Our Latest Stock Report on Janus International Group
Janus International Group Profile
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Free Report)
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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