Janney Montgomery Scott LLC acquired a new stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 49,259 shares of the company's stock, valued at approximately $355,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in Janus International Group during the first quarter worth about $228,000. GAMMA Investing LLC grew its position in Janus International Group by 787.5% during the first quarter. GAMMA Investing LLC now owns 17,813 shares of the company's stock worth $128,000 after buying an additional 15,806 shares in the last quarter. Group One Trading LLC grew its position in Janus International Group by 9,000.0% during the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Janus International Group by 3.7% during the fourth 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 in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Janus International Group during the fourth quarter worth about $6,797,000. 88.78% of the stock is currently owned by institutional investors.
Janus International Group Price Performance
Janus International Group stock traded up $0.01 during midday trading on Friday, hitting $8.99. 516,221 shares of the company's stock were exchanged, compared to its average volume of 1,886,432. The stock has a 50-day moving average price of $8.11 and a two-hundred day moving average price of $7.77. Janus International Group, Inc. has a 52-week low of $5.99 and a 52-week high of $15.24. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.21 and a current ratio of 2.59. The company has a market cap of $1.26 billion, a P/E ratio of 17.98 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $200.73 million. During the same period in the prior year, the business earned $0.21 EPS. The company's revenue for the quarter was down 17.3% compared to the same quarter last year. On average, equities research analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current year.
Janus International Group declared that its board has initiated a share repurchase program on Thursday, May 15th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits 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 management believes its shares are undervalued.
Wall Street Analyst Weigh In
Separately, KeyCorp boosted their target price on Janus International Group from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $10.00.
Check Out Our Latest Research Report on Janus International Group
Janus International Group Profile
(
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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