Verition Fund Management LLC Has $544,000 Stake in Janus International Group, Inc. (NYSE:JBI)

Verition Fund Management LLC lifted its stake in Janus International Group, Inc. (NYSE:JBI) by 146.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,800 shares of the company’s stock after purchasing an additional 31,951 shares during the period. Verition Fund Management LLC’s holdings in Janus International Group were worth $544,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JBI. Victory Capital Management Inc. increased its holdings in shares of Janus International Group by 2,063.3% in the second quarter. Victory Capital Management Inc. now owns 1,339,287 shares of the company’s stock valued at $16,915,000 after purchasing an additional 1,277,377 shares in the last quarter. Cooke & Bieler LP boosted its position in shares of Janus International Group by 33.8% during the second quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company’s stock worth $48,319,000 after purchasing an additional 966,346 shares in the last quarter. River Road Asset Management LLC acquired a new position in Janus International Group in the 3rd quarter worth $8,256,000. Applied Fundamental Research LLC acquired a new position in Janus International Group in the 2nd quarter worth $10,301,000. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Janus International Group by 15.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,036,730 shares of the company’s stock worth $76,243,000 after purchasing an additional 788,000 shares during the period. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Stock Performance

NYSE JBI opened at $7.83 on Thursday. The company’s 50 day moving average is $8.35 and its 200-day moving average is $10.76. Janus International Group, Inc. has a 12-month low of $6.68 and a 12-month high of $15.86. 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 firm has a market cap of $1.10 billion, a P/E ratio of 10.88 and a beta of 0.91.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $248.21 million. During the same period last year, the company posted $0.27 EPS. Janus International Group’s revenue for the quarter was down 17.9% on a year-over-year basis. Sell-side analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JBI has been the topic of a number of research analyst reports. UBS Group dropped their target price on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Jefferies Financial Group lowered shares of Janus International Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. Finally, KeyCorp reduced their price target 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. 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.com, the stock has a consensus rating of “Hold” and an average target price 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.