Fmr LLC Acquires 646,078 Shares of Janus International Group, Inc. (NYSE:JBI)

Fmr LLC raised its holdings in Janus International Group, Inc. (NYSE:JBI) by 8.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,316,295 shares of the company’s stock after buying an additional 646,078 shares during the period. Fmr LLC owned about 5.90% of Janus International Group worth $84,078,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new position in shares of Janus International Group during the 2nd quarter worth approximately $60,000. Amalgamated Bank increased its holdings in shares of Janus International Group by 73.2% in the second quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after purchasing an additional 2,074 shares during the last quarter. Quarry LP raised its position in shares of Janus International Group by 216.4% in the second quarter. Quarry LP now owns 6,527 shares of the company’s stock valued at $82,000 after purchasing an additional 4,464 shares during the period. Comerica Bank lifted its stake in shares of Janus International Group by 78.8% during the 1st quarter. Comerica Bank now owns 6,721 shares of the company’s stock worth $102,000 after buying an additional 2,962 shares during the last quarter. Finally, SkyView Investment Advisors LLC bought a new stake in shares of Janus International Group during the 2nd quarter worth about $126,000. 88.78% of the stock is owned by institutional investors and hedge funds.

Janus International Group Trading Down 3.3 %

Shares of NYSE:JBI opened at $7.40 on Friday. The business’s 50 day simple moving average is $8.59 and its 200 day simple moving average is $10.99. 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 company has a market capitalization of $1.04 billion, a P/E ratio of 10.28 and a beta of 0.91.

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

Analyst Ratings Changes

Several research firms have weighed in on JBI. KeyCorp lowered their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. UBS Group lowered their target price on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Jefferies Financial Group downgraded Janus International Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $12.00 to $7.50 in a research note on Monday, November 4th. Benchmark lowered their price objective on 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. Finally, Wolfe Research cut shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research 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. According to data from MarketBeat.com, Janus International Group currently has a consensus rating of “Hold” and a consensus target price of $10.25.

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.