Squarepoint Ops LLC Has $952,000 Stake in Janus International Group, Inc. (NYSE:JBI)

Squarepoint Ops LLC lessened its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 65.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 129,538 shares of the company's stock after selling 240,572 shares during the period. Squarepoint Ops LLC owned about 0.09% of Janus International Group worth $952,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC lifted its stake in Janus International Group by 216.2% during 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 in the last quarter. SG Americas Securities LLC raised its holdings in shares of Janus International Group by 37.7% during the fourth quarter. SG Americas Securities LLC now owns 67,581 shares of the company's stock valued at $497,000 after acquiring an additional 18,510 shares during the period. KBC Group NV lifted its position 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 valued at $65,000 after acquiring an additional 4,496 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in Janus International Group by 13.9% in the 4th quarter. DAVENPORT & Co LLC now owns 3,263,858 shares of the company's stock worth $24,054,000 after purchasing an additional 397,301 shares during the period. Finally, Choreo LLC boosted its stake in Janus International Group by 56.2% in the 4th quarter. Choreo LLC now owns 55,983 shares of the company's stock worth $413,000 after purchasing an additional 20,143 shares during the period. 88.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, KeyCorp boosted 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Janus International Group has an average rating of "Hold" and an average target price of $10.00.

Janus International Group Stock Up 1.6%

Shares of Janus International Group stock traded up $0.13 on Tuesday, hitting $8.04. 2,197,219 shares of the company traded hands, compared to its average volume of 1,946,255. Janus International Group, Inc. has a 12-month low of $5.99 and a 12-month high of $15.24. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.13 billion, a PE ratio of 11.16 and a beta of 1.20. The company has a 50-day moving average price of $7.33 and a 200 day moving average price of $7.63.

Janus International Group (NYSE:JBI - Get Free Report) last issued its 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. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The firm had revenue of $210.50 million for the quarter, compared to the consensus estimate of $200.73 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The business's quarterly revenue was down 17.3% compared to the same quarter last year. Sell-side analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Janus International Group announced that its board has approved a stock buyback program on Thursday, May 15th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to purchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is 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.