Janus International Group, Inc. (NYSE:JBI) Shares Sold by Applied Fundamental Research LLC

Applied Fundamental Research LLC lowered its position in shares of Janus International Group, Inc. (NYSE:JBI) by 3.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 787,717 shares of the company’s stock after selling 27,895 shares during the period. Janus International Group accounts for 5.3% of Applied Fundamental Research LLC’s portfolio, making the stock its 9th biggest holding. Applied Fundamental Research LLC owned about 0.56% of Janus International Group worth $7,964,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of JBI. Point72 Hong Kong Ltd acquired a new position in shares of Janus International Group during the second quarter valued at $60,000. Amalgamated Bank raised its position in shares of Janus International Group by 73.2% during the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock worth $62,000 after buying an additional 2,074 shares in the last quarter. Quarry LP lifted its stake in shares of Janus International Group by 216.4% in the 2nd quarter. Quarry LP now owns 6,527 shares of the company’s stock worth $82,000 after acquiring an additional 4,464 shares during the period. Comerica Bank boosted its holdings in shares of Janus International Group by 78.8% in the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock valued at $102,000 after acquiring an additional 2,962 shares in the last quarter. Finally, SkyView Investment Advisors LLC acquired a new position in shares of Janus International Group during the second quarter valued at approximately $126,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Stock Performance

Shares of NYSE JBI opened at $7.55 on Tuesday. The business’s 50-day moving average price is $8.95 and its two-hundred day moving average price is $11.29. Janus International Group, Inc. has a one year low of $6.68 and a one year high of $15.86. The company has a market capitalization of $1.07 billion, a P/E ratio of 10.49 and a beta of 0.92. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Jefferies Financial Group downgraded Janus International Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. Benchmark lowered their price objective on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. KeyCorp reduced their target price on Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. 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 note on Wednesday, October 30th. Finally, Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.25.

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.