Janus International Group, Inc. (NYSE:JBI) Position Cut by Applied Fundamental Research LLC

Applied Fundamental Research LLC trimmed its holdings in Janus International Group, Inc. (NYSE:JBI - Free Report) by 56.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 346,674 shares of the company's stock after selling 443,920 shares during the quarter. Janus International Group makes up about 2.1% of Applied Fundamental Research LLC's portfolio, making the stock its 10th biggest position. Applied Fundamental Research LLC owned 0.25% of Janus International Group worth $2,496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Exchange Traded Concepts LLC bought a new position in Janus International Group in the first quarter worth approximately $228,000. GAMMA Investing LLC boosted its position in 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 acquiring an additional 15,806 shares in the last quarter. Group One Trading LLC boosted its position in Janus International Group by 9,000.0% during the 4th quarter. Group One Trading LLC now owns 9,100 shares of the company's stock valued at $67,000 after acquiring an additional 9,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Janus International Group by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,735 shares of the company's stock valued at $593,000 after acquiring an additional 2,890 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Janus International Group during the 4th quarter valued at $6,797,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Janus International Group Price Performance

Shares of NYSE:JBI traded up $0.09 during trading on Wednesday, reaching $9.00. 820,015 shares of the company's stock traded hands, compared to its average volume of 1,870,523. Janus International Group, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $15.24. The company has a 50-day simple moving average of $8.18 and a 200-day simple moving average of $7.78. The company has a quick ratio of 2.21, a current ratio of 2.59 and a debt-to-equity ratio of 1.03. The firm has a market cap of $1.26 billion, a PE ratio of 25.72 and a beta of 1.24.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The company had revenue of $210.50 million during the quarter, compared to analyst estimates of $200.73 million. Janus International Group had a return on equity of 13.38% and a net margin of 5.49%. Janus International Group's quarterly revenue was down 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. As a group, analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Janus International Group declared that its board has approved a share repurchase plan on Thursday, May 15th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

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.