Isthmus Partners LLC Takes Position in Janus International Group, Inc. (NYSE:JBI)

Isthmus Partners LLC purchased a new position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 260,220 shares of the company's stock, valued at approximately $1,874,000. Isthmus Partners LLC owned about 0.19% of Janus International Group at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in Janus International Group during the 1st quarter worth approximately $228,000. GAMMA Investing LLC increased its stake in shares of Janus International Group by 787.5% in the 1st quarter. GAMMA Investing LLC now owns 17,813 shares of the company's stock valued at $128,000 after purchasing an additional 15,806 shares during the last quarter. Group One Trading LLC grew 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 worth $67,000 after acquiring an additional 9,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 worth $593,000 after acquiring an additional 2,890 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Janus International Group during the 4th quarter worth $6,797,000. 88.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Janus International Group Trading Up 0.2%

Shares of NYSE JBI traded up $0.02 during trading on Wednesday, reaching $8.56. The company had a trading volume of 796,882 shares, compared to its average volume of 1,841,081. The company's fifty day moving average price is $8.39 and its 200-day moving average price is $7.84. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $15.24. The stock has a market cap of $1.20 billion, a P/E ratio of 24.45 and a beta of 1.24. The company has a quick ratio of 2.21, a current ratio of 2.59 and a debt-to-equity ratio of 1.03.

Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. The firm had revenue of $210.50 million for 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%. The business's revenue was down 17.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. As a group, research analysts expect that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Janus International Group declared that its Board of Directors has initiated 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 purchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors 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.