Exchange Traded Concepts LLC Makes New Investment in Janus International Group, Inc. (NYSE:JBI)

Exchange Traded Concepts LLC purchased a new position in Janus International Group, Inc. (NYSE:JBI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,675 shares of the company's stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Group One Trading LLC boosted its stake in Janus International Group by 9,000.0% in the 4th quarter. Group One Trading LLC now owns 9,100 shares of the company's stock worth $67,000 after purchasing an additional 9,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Janus International Group by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,735 shares of the company's stock worth $593,000 after purchasing an additional 2,890 shares during the period. Principal Financial Group Inc. boosted its stake 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 worth $1,546,000 after purchasing an additional 27,499 shares during the period. Raymond James Financial Inc. bought a new position in Janus International Group in the 4th quarter worth approximately $6,797,000. Finally, Xponance Inc. bought a new position in Janus International Group in the 4th quarter worth approximately $74,000. 88.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, KeyCorp upped their price target on Janus International Group from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $10.00.

Janus International Group Price Performance

Shares of NYSE JBI traded up $0.07 during midday trading on Tuesday, reaching $8.27. 714,185 shares of the stock traded hands, compared to its average volume of 1,919,788. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.59 and a quick ratio of 2.21. The stock has a market capitalization of $1.16 billion, a PE ratio of 23.61 and a beta of 1.25. Janus International Group, Inc. has a one year low of $5.99 and a one year high of $15.24. The company's 50 day moving average is $7.77 and its 200 day moving average is $7.72.

Janus International Group (NYSE:JBI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The company 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 13.38% and a net margin of 5.49%. Janus International Group's revenue was down 17.3% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. On average, equities research analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

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

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.