Millennium Management LLC Acquires 345,613 Shares of Janus International Group, Inc. (NYSE:JBI)

Millennium Management LLC raised its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 31.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,432,371 shares of the company’s stock after purchasing an additional 345,613 shares during the period. Millennium Management LLC owned 0.98% of Janus International Group worth $18,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group bought a new position in shares of Janus International Group during the fourth quarter worth about $26,103,000. Corsair Capital Management L.P. raised its holdings in Janus International Group by 63.4% during the 4th quarter. Corsair Capital Management L.P. now owns 593,209 shares of the company’s stock worth $7,741,000 after purchasing an additional 230,075 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Janus International Group by 16.1% in the 4th quarter. Wasatch Advisors LP now owns 3,550,632 shares of the company’s stock worth $46,336,000 after purchasing an additional 493,417 shares during the period. Breach Inlet Capital Management LLC bought a new stake in shares of Janus International Group in the 4th quarter valued at $952,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of Janus International Group during the fourth quarter worth $35,000. 88.78% of the stock is owned by institutional investors and hedge funds.

Janus International Group Price Performance

JBI stock opened at $9.79 on Friday. Janus International Group, Inc. has a 1 year low of $9.16 and a 1 year high of $15.86. The stock has a market capitalization of $1.43 billion, a PE ratio of 10.31 and a beta of 0.88. The company’s 50-day moving average is $10.90 and its 200-day moving average is $12.85. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82 and a quick ratio of 2.47.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.07). The firm had revenue of $248.40 million during the quarter, compared to the consensus estimate of $287.42 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. Equities research analysts expect that Janus International Group, Inc. will post 0.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on JBI shares. KeyCorp dropped their target price on shares of Janus International Group from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Jefferies Financial Group dropped their price objective on Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. 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 report on Friday, August 9th. Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Finally, UBS Group cut their price target on Janus International Group from $14.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.25.

Insider Activity at Janus International Group

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the transaction, the insider now owns 217,805 shares in the company, valued at approximately $3,267,075. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.94% of the stock is currently owned by insiders.

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.