Charles Schwab Investment Management Inc. Purchases 342,586 Shares of Janus International Group, Inc. (NYSE:JBI)

Charles Schwab Investment Management Inc. raised its position in Janus International Group, Inc. (NYSE:JBI) by 40.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,190,439 shares of the company’s stock after purchasing an additional 342,586 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.84% of Janus International Group worth $12,035,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of JBI. Point72 Hong Kong Ltd acquired a new position in shares of Janus International Group in the 2nd quarter valued at approximately $60,000. Amalgamated Bank boosted 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 buying an additional 2,074 shares during the period. Quarry LP increased its position in shares of Janus International Group by 216.4% during the second quarter. Quarry LP now owns 6,527 shares of the company’s stock worth $82,000 after acquiring an additional 4,464 shares in the last quarter. Comerica Bank raised its holdings in shares of Janus International Group by 78.8% during the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock worth $102,000 after acquiring an additional 2,962 shares during the period. Finally, SkyView Investment Advisors LLC acquired a new position in Janus International Group in the 2nd quarter worth $126,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Stock Down 0.7 %

NYSE:JBI opened at $7.35 on Monday. Janus International Group, Inc. has a twelve month low of $6.68 and a twelve month high of $15.86. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 10.21 and a beta of 0.91. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. The stock’s 50 day moving average price is $8.48 and its two-hundred day moving average price is $10.87.

Janus International Group (NYSE:JBI) last posted its quarterly 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). 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 for the quarter, compared to the consensus estimate of $248.21 million. During the same period last year, the company posted $0.27 earnings per share. The business’s revenue was down 17.9% compared to the same quarter last year. Equities research analysts expect that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JBI has been the subject of several recent research reports. 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. Jefferies Financial Group cut shares of Janus International Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $12.00 to $7.50 in a research note on Monday, November 4th. KeyCorp cut their price objective on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Wolfe Research downgraded shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.