Quantbot Technologies LP Sells 13,489 Shares of Janus International Group, Inc. (NYSE:JBI)

Quantbot Technologies LP reduced its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 19.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,229 shares of the company’s stock after selling 13,489 shares during the quarter. Quantbot Technologies LP’s holdings in Janus International Group were worth $851,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tucker Asset Management LLC acquired a new stake in Janus International Group during the 4th quarter valued at $35,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Janus International Group in the fourth quarter valued at about $52,000. Principal Financial Group Inc. acquired a new stake in shares of Janus International Group during the 1st quarter worth about $173,000. Kendall Capital Management bought a new stake in shares of Janus International Group during the 4th quarter worth about $176,000. Finally, Saxon Interests Inc. acquired a new position in Janus International Group in the 1st quarter valued at about $189,000. 88.78% of the stock is currently owned by institutional investors.

Janus International Group Trading Up 1.9 %

Shares of JBI stock opened at $13.08 on Monday. The company has a current ratio of 2.95, a quick ratio of 2.63 and a debt-to-equity ratio of 1.13. 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 cap of $1.91 billion, a P/E ratio of 13.77 and a beta of 0.91. The stock has a 50 day simple moving average of $13.36 and a 200 day simple moving average of $14.10.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Janus International Group had a net margin of 13.14% and a return on equity of 28.95%. The business had revenue of $254.50 million for the quarter, compared to analysts’ expectations of $252.90 million. During the same period last year, the firm posted $0.18 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, research analysts predict that Janus International Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on JBI shares. Benchmark restated a “buy” rating and set a $21.00 price objective on shares of Janus International Group in a research report on Tuesday, May 14th. Jefferies Financial Group started coverage on Janus International Group in a report on Monday, April 15th. They set a “buy” rating and a $20.00 price target for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Janus International Group has an average rating of “Moderate Buy” and a consensus price target of $16.30.

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.