Schonfeld Strategic Advisors LLC decreased its holdings in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 79.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,872 shares of the company's stock after selling 98,430 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Janus International Group were worth $190,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in JBI. Federated Hermes Inc. grew its holdings in shares of Janus International Group by 109.3% during the 4th quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock worth $35,000 after acquiring an additional 2,506 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Janus International Group by 42.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after acquiring an additional 1,544 shares during the period. US Bancorp DE grew its holdings in shares of Janus International Group by 108.8% during the 4th quarter. US Bancorp DE now owns 5,601 shares of the company's stock worth $41,000 after acquiring an additional 2,918 shares during the period. KBC Group NV grew its holdings in shares of Janus International Group by 102.9% during the 4th quarter. KBC Group NV now owns 8,867 shares of the company's stock worth $65,000 after acquiring an additional 4,496 shares during the period. Finally, Xponance Inc. purchased a new position in shares of Janus International Group during the 4th quarter worth approximately $74,000. Hedge funds and other institutional investors own 88.78% of the company's stock.
Analyst Ratings Changes
Separately, KeyCorp upped their target price 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Janus International Group has a consensus rating of "Hold" and an average target price of $10.00.
Read Our Latest Research Report on JBI
Janus International Group Stock Up 3.0%
Shares of Janus International Group stock traded up $0.26 during midday trading on Friday, hitting $8.87. The company had a trading volume of 1,260,014 shares, compared to its average volume of 1,954,830. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The stock has a market capitalization of $1.24 billion, a P/E ratio of 12.31 and a beta of 1.20. The company has a 50 day moving average of $7.29 and a 200 day moving average of $7.56. Janus International Group, Inc. has a 52-week low of $5.99 and a 52-week high of $15.24.
Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. The company had revenue of $210.50 million for the quarter, compared to the consensus estimate of $200.73 million. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The firm's quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 EPS. On average, equities analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.
Janus International Group declared that its board has initiated a stock repurchase plan on Thursday, May 15th that allows the company to repurchase $75.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.
Janus International Group Company Profile
(
Free Report)
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.
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