Janus International Group, Inc. (NYSE:JBI) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP lessened its holdings in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,355,963 shares of the company's stock after selling 193,037 shares during the quarter. Cooke & Bieler LP owned 5.24% of Janus International Group worth $52,963,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of JBI. Exchange Traded Concepts LLC bought a new position in Janus International Group during the 1st quarter worth approximately $228,000. GAMMA Investing LLC lifted its holdings in Janus International Group by 787.5% during the 1st quarter. GAMMA Investing LLC now owns 17,813 shares of the company's stock worth $128,000 after buying an additional 15,806 shares during the last quarter. Group One Trading LLC lifted its holdings 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 worth $67,000 after buying an additional 9,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $593,000 after buying an additional 2,890 shares during the last quarter. Finally, Xponance Inc. bought a new position in Janus International Group during the 4th quarter worth approximately $74,000. Institutional investors and hedge funds own 88.78% of the company's stock.

Janus International Group Stock Performance

JBI traded up $0.18 during trading hours on Thursday, hitting $8.74. The company's stock had a trading volume of 851,211 shares, compared to its average volume of 1,833,037. 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 current ratio of 2.59, a quick ratio of 2.21 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $1.23 billion, a PE ratio of 24.98 and a beta of 1.24. The company has a 50-day simple moving average of $8.41 and a 200 day simple moving average of $7.85.

Janus International Group (NYSE:JBI - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. Janus International Group had a return on equity of 13.38% and a net margin of 5.49%. The firm had revenue of $210.50 million for the quarter, compared to analysts' expectations of $200.73 million. During the same period last year, the firm earned $0.21 EPS. The firm's revenue was down 17.3% compared to the same quarter last year. As a group, sell-side analysts expect that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group declared that its Board of Directors has initiated a share buyback program on Thursday, May 15th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

About Janus International Group

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.