Millennium Management LLC Decreases Stock Position in Janus International Group, Inc. (NYSE:JBI)

Millennium Management LLC lowered its holdings in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 60.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 458,262 shares of the company's stock after selling 701,288 shares during the period. Millennium Management LLC owned approximately 0.32% of Janus International Group worth $3,368,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in JBI. Federated Hermes Inc. boosted its holdings in Janus International Group by 109.3% in the fourth quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock worth $35,000 after acquiring an additional 2,506 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Janus International Group by 42.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after acquiring an additional 1,544 shares in the last quarter. US Bancorp DE boosted its holdings in Janus International Group by 108.8% in the fourth quarter. US Bancorp DE now owns 5,601 shares of the company's stock worth $41,000 after acquiring an additional 2,918 shares in the last quarter. KBC Group NV boosted its holdings in Janus International Group by 102.9% in the fourth quarter. KBC Group NV now owns 8,867 shares of the company's stock worth $65,000 after acquiring an additional 4,496 shares in the last quarter. Finally, Group One Trading LLC boosted its holdings in Janus International Group by 9,000.0% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 88.78% of the company's stock.

Janus International Group Stock Up 0.9%

Shares of JBI stock traded up $0.07 during trading hours on Wednesday, reaching $8.11. The company had a trading volume of 1,253,223 shares, compared to its average volume of 1,939,221. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $15.24. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. The business has a fifty day simple moving average of $7.36 and a 200-day simple moving average of $7.64. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 11.26 and a beta of 1.25.

Janus International Group (NYSE:JBI - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. The company 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 21.10% and a net margin of 10.62%. The company's revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. On average, research analysts expect that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group announced that its Board of Directors has approved a share buyback plan on Thursday, May 15th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Separately, KeyCorp increased 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.