Janus International Group, Inc. (NYSE:JBI) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC cut its holdings in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 65.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,538 shares of the company's stock after selling 240,572 shares during the quarter. Squarepoint Ops LLC owned about 0.09% of Janus International Group worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in shares of Janus International Group by 109.3% in the 4th quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock worth $35,000 after purchasing an additional 2,506 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Janus International Group by 42.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after purchasing an additional 1,544 shares during the period. US Bancorp DE raised its holdings in shares of Janus International Group by 108.8% in the 4th quarter. US Bancorp DE now owns 5,601 shares of the company's stock worth $41,000 after purchasing an additional 2,918 shares during the period. KBC Group NV raised its holdings in shares of Janus International Group by 102.9% in the 4th quarter. KBC Group NV now owns 8,867 shares of the company's stock worth $65,000 after purchasing an additional 4,496 shares during the period. Finally, Group One Trading LLC raised its holdings in shares of 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. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Stock Down 1.5%

Shares of JBI stock traded down $0.12 during trading hours on Thursday, reaching $7.99. The company had a trading volume of 1,094,132 shares, compared to its average volume of 1,937,198. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. Janus International Group, Inc. has a twelve month low of $5.99 and a twelve month high of $15.24. The company has a market capitalization of $1.12 billion, a P/E ratio of 11.09 and a beta of 1.25. The stock's fifty day simple moving average is $7.38 and its 200 day simple moving average is $7.65.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The business had revenue of $210.50 million during the quarter, compared to analyst estimates of $200.73 million. During the same quarter last year, the firm earned $0.21 earnings per share. The company's revenue for the quarter was down 17.3% compared to the same quarter last year. As a group, sell-side 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 authorized a share repurchase plan on Thursday, May 15th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Separately, KeyCorp raised their price objective 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.