Wedge Capital Management L L P NC Raises Holdings in Janus International Group, Inc. $JBI

Key Points

• Wedge Capital Management has increased its holdings in Janus International Group by 72.2%, acquiring an additional 116,688 shares, bringing its total ownership to 278,333 shares valued at approximately $2.27 million.
• Analysts have raised their ratings on Janus International Group, with Wall Street Zen upgrading it from a "hold" to a "buy" and KeyCorp increasing its price target from $10.00 to $12.00.
• Janus International reported a quarterly EPS of $0.20, surpassing the expected EPS of $0.15, although revenue decreased 8.2% year-over-year despite beating analyst estimates.

Wedge Capital Management L L P NC increased its position in Janus International Group, Inc. (NYSE:JBI - Free Report) by 72.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 278,333 shares of the company's stock after purchasing an additional 116,688 shares during the period. Wedge Capital Management L L P NC owned 0.20% of Janus International Group worth $2,266,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JBI. AlphaQuest LLC lifted its stake in shares of Janus International Group by 336.2% during the 1st quarter. AlphaQuest LLC now owns 5,091 shares of the company's stock worth $37,000 after purchasing an additional 3,924 shares during the last quarter. Quarry LP purchased a new position in Janus International Group during the first quarter worth about $43,000. Group One Trading LLC boosted its position in shares of Janus International Group by 9,000.0% in the fourth 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 period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Janus International Group in the 1st quarter worth about $72,000. Finally, CWM LLC increased its stake in Janus International Group by 571.1% during the 1st quarter. CWM LLC now owns 11,012 shares of the company's stock valued at $79,000 after buying an additional 9,371 shares during the period. Hedge funds and other institutional investors own 88.78% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Jefferies Financial Group boosted their price target on Janus International Group from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Wednesday, August 20th. UBS Group raised their price target on Janus International Group from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. KeyCorp boosted their price objective on Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Wall Street Zen upgraded Janus International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $10.67.

Janus International Group Trading Up 0.6%

NYSE JBI traded up $0.06 during trading on Monday, hitting $10.23. The company had a trading volume of 665,042 shares, compared to its average volume of 705,779. The company has a current ratio of 2.61, a quick ratio of 2.26 and a debt-to-equity ratio of 1.00. Janus International Group, Inc. has a one year low of $5.99 and a one year high of $10.80. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 33.00 and a beta of 1.31. The company's fifty day moving average is $9.74 and its 200-day moving average is $8.47.

Janus International Group (NYSE:JBI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.05. The firm had revenue of $228.10 million during the quarter, compared to the consensus estimate of $216.99 million. Janus International Group had a return on equity of 13.10% and a net margin of 4.85%.The company's revenue was down 8.2% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. Janus International Group has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Janus International Group Profile

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.