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

Key Points

• Tudor Investment Corp cut its stake in Janus International (NYSE:JBI) by 76% in Q3, selling 297,816 shares and ending the quarter with 93,880 shares valued at about $927,000.
• Janus reported Q3 EPS of $0.11 (missing estimates by $0.04) while revenue of $226.3M beat expectations but was down 1.9% year-over-year.
• Shares trade around $5.61 with a market cap near $779M; analysts’ consensus is an average "Hold" rating with a $9.17 target, and institutional investors own about 88.78% of the stock.

Tudor Investment Corp ET AL lowered its position in Janus International Group, Inc. (NYSE:JBI - Free Report) by 76.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,880 shares of the company's stock after selling 297,816 shares during the quarter. Tudor Investment Corp ET AL owned 0.07% of Janus International Group worth $927,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in JBI. Russell Investments Group Ltd. increased its position in shares of Janus International Group by 771.0% in the second quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company's stock valued at $59,000 after buying an additional 6,399 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Janus International Group in the third quarter valued at $70,000. BNP Paribas Financial Markets increased its position in shares of Janus International Group by 37.3% in the second quarter. BNP Paribas Financial Markets now owns 13,381 shares of the company's stock valued at $109,000 after buying an additional 3,637 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Janus International Group in the third quarter valued at $127,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Janus International Group by 18.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,930 shares of the company's stock valued at $136,000 after buying an additional 2,171 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company's stock.

Janus International Group Trading Up 1.6%

Janus International Group stock opened at $5.61 on Wednesday. The stock has a market cap of $779.00 million, a PE ratio of 14.38 and a beta of 1.59. The stock has a 50-day moving average price of $6.03 and a 200 day moving average price of $7.04. Janus International Group, Inc. has a 52 week low of $4.74 and a 52 week high of $10.80. 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 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.04). The company had revenue of $226.30 million for 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 company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. Equities research analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on JBI shares. KeyCorp dropped their price target on Janus International Group from $12.00 to $9.00 and set an "overweight" rating for the company in a research report on Thursday, March 5th. Wall Street Zen cut Janus International Group from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Janus International Group in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Janus International Group currently has an average rating of "Hold" and an average target price of $9.17.

Janus International Group Company Profile

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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