Janus International Group, Inc. (NYSE:JBI) Shares Bought by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC lifted its position in Janus International Group, Inc. (NYSE:JBI) by 403.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,075,180 shares of the company’s stock after acquiring an additional 861,670 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.76% of Janus International Group worth $10,870,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Janus International Group by 854.2% during the 3rd quarter. Principal Financial Group Inc. now owns 182,876 shares of the company’s stock valued at $1,849,000 after purchasing an additional 163,711 shares during the period. Royce & Associates LP boosted its position in Janus International Group by 21.5% during the 3rd quarter. Royce & Associates LP now owns 1,224,593 shares of the company’s stock valued at $12,381,000 after purchasing an additional 216,382 shares during the period. River Road Asset Management LLC acquired a new position in Janus International Group during the 3rd quarter valued at approximately $8,256,000. Maverick Capital Ltd. boosted its position in Janus International Group by 334.8% during the 2nd quarter. Maverick Capital Ltd. now owns 120,691 shares of the company’s stock valued at $1,524,000 after purchasing an additional 92,931 shares during the period. Finally, Bernzott Capital Advisors boosted its position in Janus International Group by 32.7% during the 3rd quarter. Bernzott Capital Advisors now owns 693,343 shares of the company’s stock valued at $7,010,000 after purchasing an additional 171,038 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Stock Up 2.5 %

Shares of Janus International Group stock opened at $7.74 on Wednesday. Janus International Group, Inc. has a 1-year low of $6.68 and a 1-year high of $15.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. The business’s fifty day moving average price is $8.68 and its two-hundred day moving average price is $11.06. The company has a market capitalization of $1.09 billion, a P/E ratio of 10.75 and a beta of 0.91.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The firm had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. During the same period in the prior year, the firm posted $0.27 EPS. The firm’s quarterly revenue was down 17.9% on a year-over-year basis. As a group, research analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JBI. UBS Group reduced their price objective on Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Benchmark cut their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group downgraded Janus International Group from a “buy” rating to a “hold” rating and cut their target price for the company from $12.00 to $7.50 in a research note on Monday, November 4th. KeyCorp cut their target price on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.25.

About Janus International Group

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.