Wasatch Advisors LP Has $47.42 Million Stake in Janus International Group, Inc. (NYSE:JBI)

Wasatch Advisors LP raised its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 30.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,690,089 shares of the company’s stock after purchasing an additional 1,081,828 shares during the period. Wasatch Advisors LP owned approximately 3.32% of Janus International Group worth $47,417,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Verition Fund Management LLC boosted its stake in Janus International Group by 146.2% during the 3rd quarter. Verition Fund Management LLC now owns 53,800 shares of the company’s stock valued at $544,000 after purchasing an additional 31,951 shares during the last quarter. Corsair Capital Management L.P. boosted its stake in shares of Janus International Group by 2.0% in the 3rd quarter. Corsair Capital Management L.P. now owns 576,182 shares of the company’s stock worth $5,825,000 after buying an additional 11,426 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Janus International Group by 39.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,305,877 shares of the company’s stock worth $13,202,000 after buying an additional 372,592 shares during the last quarter. FMR LLC boosted its stake in shares of Janus International Group by 8.4% in the 3rd quarter. FMR LLC now owns 8,316,295 shares of the company’s stock worth $84,078,000 after buying an additional 646,078 shares during the last quarter. Finally, Truvestments Capital LLC boosted its stake in shares of Janus International Group by 16.3% in the 3rd quarter. Truvestments Capital LLC now owns 40,950 shares of the company’s stock worth $414,000 after buying an additional 5,741 shares during the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Trading Up 1.2 %

NYSE:JBI opened at $7.48 on Friday. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.06 billion, a PE ratio of 10.39 and a beta of 0.92. The firm’s 50 day moving average is $8.79 and its 200 day moving average is $11.19. Janus International Group, Inc. has a 12 month low of $6.68 and a 12 month high of $15.86.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JBI. 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. Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. 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. UBS Group cut 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. Finally, Jefferies Financial Group cut shares of Janus International Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $12.00 to $7.50 in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.