Two Sigma Advisers LP lessened its stake in Janus International Group, Inc. (NYSE:JBI - Free Report) by 82.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,300 shares of the company's stock after selling 385,200 shares during the quarter. Two Sigma Advisers LP owned 0.06% of Janus International Group worth $598,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Janus International Group by 216.2% in the third quarter. Barclays PLC now owns 235,897 shares of the company's stock valued at $2,385,000 after buying an additional 161,290 shares during the period. Group One Trading LLC boosted its stake in shares of 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. boosted its stake in shares of 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. Principal Financial Group Inc. grew its holdings in shares of Janus International Group by 15.0% in the 4th quarter. Principal Financial Group Inc. now owns 210,375 shares of the company's stock valued at $1,546,000 after acquiring an additional 27,499 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Janus International Group in the fourth quarter valued at about $6,797,000. Institutional investors and hedge funds own 88.78% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, KeyCorp raised their target price on shares of Janus International Group from $9.00 to $10.00 and gave the company an "overweight" rating in a research note 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. Based on data from MarketBeat, Janus International Group presently has an average rating of "Hold" and a consensus target price of $10.00.
Read Our Latest Analysis on Janus International Group
Janus International Group Stock Performance
JBI stock traded up $0.17 during trading hours on Friday, reaching $8.17. The stock had a trading volume of 1,460,829 shares, compared to its average volume of 1,934,243. The stock has a market capitalization of $1.15 billion, a PE ratio of 11.34 and a beta of 1.25. 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 stock has a 50-day simple moving average of $7.40 and a 200 day simple moving average of $7.65. Janus International Group, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $15.24.
Janus International Group (NYSE:JBI - Get Free Report) last announced 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 during the quarter, compared to analysts' expectations of $200.73 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The company's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 earnings per share. Analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.
Janus International Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 15th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.
About Janus International Group
(
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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