The Manufacturers Life Insurance Company Reduces Stake in Janus International Group, Inc. (NYSE:JBI)

The Manufacturers Life Insurance Company lowered its holdings in Janus International Group, Inc. (NYSE:JBI) by 11.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,254 shares of the company’s stock after selling 9,341 shares during the period. The Manufacturers Life Insurance Company’s holdings in Janus International Group were worth $751,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Janus International Group by 854.2% during the 3rd quarter. Principal Financial Group Inc. now owns 182,876 shares of the company’s stock valued at $1,849,000 after buying an additional 163,711 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Janus International Group by 21.5% during the 3rd quarter. Royce & Associates LP now owns 1,224,593 shares of the company’s stock valued at $12,381,000 after buying an additional 216,382 shares in the last quarter. River Road Asset Management LLC bought a new position in Janus International Group during the 3rd quarter worth approximately $8,256,000. Maverick Capital Ltd. grew its position in Janus International Group by 334.8% during the 2nd quarter. Maverick Capital Ltd. now owns 120,691 shares of the company’s stock worth $1,524,000 after acquiring an additional 92,931 shares during the last quarter. Finally, Bernzott Capital Advisors grew its position in Janus International Group by 32.7% during the 3rd quarter. Bernzott Capital Advisors now owns 693,343 shares of the company’s stock worth $7,010,000 after acquiring an additional 171,038 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Up 2.3 %

Shares of NYSE:JBI opened at $7.92 on Friday. The stock has a fifty day simple moving average of $8.28 and a two-hundred day simple moving average of $10.69. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.99 and a beta of 0.91. Janus International Group, Inc. has a 12-month low of $6.68 and a 12-month high of $15.86. The company has a current ratio of 2.80, a quick ratio of 2.39 and a debt-to-equity ratio of 1.11.

Janus International Group (NYSE:JBI) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share 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 business had revenue of $230.10 million during the quarter, compared to analysts’ expectations of $248.21 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was down 17.9% compared to the same quarter last year. On average, research analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JBI. UBS Group reduced their price target on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Jefferies Financial Group lowered Janus International Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. Finally, KeyCorp dropped their price target on 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Janus International Group has an average rating of “Hold” and a consensus price target of $10.25.

About Janus International Group

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.