Tudor Investment Corp ET AL Decreases Stock Holdings in Janus International Group, Inc. $JBI

Key Points

• Tudor Investment Corp cut its stake in Janus International by 76.0%, selling 297,816 shares and leaving 93,880 shares (about 0.07% of the company) valued at $927,000, even as other institutions like Wasatch Advisors increased holdings and overall institutional ownership is 88.78%.
• Janus reported quarterly EPS of $0.11, missing the $0.15 estimate while revenue of $226.3 million beat expectations but fell 1.9% year-over-year; the stock trades near a 12-month low at $4.94 with a market cap around $685 million.
• Analysts’ views are mixed but averaged to a Hold rating with a consensus price target of $9.17, following several downgrades and lowered price objectives.

Tudor Investment Corp ET AL reduced its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 76.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 93,880 shares of the company's stock after selling 297,816 shares during the quarter. Tudor Investment Corp ET AL owned about 0.07% of Janus International Group worth $927,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP raised its stake in Janus International Group by 37.5% during the third quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company's stock valued at $51,940,000 after purchasing an additional 1,435,777 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Janus International Group by 10.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company's stock worth $33,402,000 after buying an additional 381,462 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Janus International Group by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,654,994 shares of the company's stock worth $36,075,000 after buying an additional 48,890 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Janus International Group by 1.7% in the 3rd quarter. Invesco Ltd. now owns 2,335,379 shares of the company's stock worth $23,050,000 after buying an additional 39,378 shares during the last quarter. Finally, AltraVue Capital LLC raised its position in shares of Janus International Group by 2.0% during the 3rd quarter. AltraVue Capital LLC now owns 1,526,010 shares of the company's stock valued at $15,062,000 after buying an additional 29,590 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Price Performance

JBI stock opened at $4.94 on Tuesday. The stock has a market cap of $685.27 million, a PE ratio of 12.65 and a beta of 1.47. Janus International Group, Inc. has a 12 month low of $4.92 and a 12 month high of $10.80. The company has a 50-day moving average price of $6.41 and a 200 day moving average price of $7.42. The company has a current ratio of 3.54, a quick ratio of 3.04 and a debt-to-equity ratio of 0.94.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). The firm had revenue of $226.30 million during the quarter, compared to analysts' expectations of $217.45 million. Janus International Group had a return on equity of 15.26% and a net margin of 6.08%.The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. Equities research analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on JBI. Wall Street Zen lowered Janus International Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. KeyCorp lowered their price objective on Janus International Group from $12.00 to $9.00 and set an "overweight" rating for the company in a research note on Thursday, March 5th. Zacks Research upgraded Janus International Group to a "hold" rating in a report on Monday, December 15th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Janus International Group in a research report on Friday. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $9.17.

About Janus International Group

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.

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