Janus International Group, Inc. (NYSE:JBI) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC cut its holdings in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,663,960 shares of the company's stock after selling 391,333 shares during the quarter. Silvercrest Asset Management Group LLC owned about 1.89% of Janus International Group worth $19,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Federated Hermes Inc. lifted 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 increased its position in Janus International Group by 42.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after purchasing an additional 1,544 shares during the last quarter. US Bancorp DE increased its position in Janus International Group by 108.8% during the fourth quarter. US Bancorp DE now owns 5,601 shares of the company's stock worth $41,000 after purchasing an additional 2,918 shares during the last quarter. KBC Group NV raised its stake in Janus International Group by 102.9% during the fourth quarter. KBC Group NV now owns 8,867 shares of the company's stock worth $65,000 after purchasing an additional 4,496 shares during the period. Finally, Group One Trading LLC boosted its holdings in shares of Janus International Group by 9,000.0% in the 4th quarter. Group One Trading LLC now owns 9,100 shares of the company's stock valued at $67,000 after purchasing an additional 9,000 shares during the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, KeyCorp upped their price objective 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.00.

Janus International Group Trading Down 1.8%

Shares of NYSE:JBI traded down $0.15 during trading on Thursday, reaching $8.13. 175,387 shares of the stock were exchanged, compared to its average volume of 1,944,275. The firm's 50-day moving average price is $7.32 and its 200 day moving average price is $7.59. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 11.31 and a beta of 1.20. Janus International Group, Inc. has a 12-month low of $5.99 and a 12-month high of $15.24. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The firm had revenue of $210.50 million for the quarter, compared to analysts' expectations of $200.73 million. During the same period in the previous year, the company posted $0.21 earnings per share. Janus International Group's revenue was down 17.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group announced that its Board of Directors has authorized a share repurchase program on Thursday, May 15th that allows the company to buyback $75.00 million in shares. This buyback authorization allows the company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Janus International Group Company 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.