Janus International Group, Inc. (NYSE:JBI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Janus International Group, Inc. (NYSE:JBI) by 21.9% during the third quarter, Holdings Channel.com reports. The fund owned 3,215,210 shares of the company’s stock after acquiring an additional 577,315 shares during the period. Geode Capital Management LLC’s holdings in Janus International Group were worth $32,512,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sage Mountain Advisors LLC lifted its holdings in shares of Janus International Group by 4.5% in the second quarter. Sage Mountain Advisors LLC now owns 23,200 shares of the company’s stock valued at $293,000 after purchasing an additional 990 shares in the last quarter. Atria Investments Inc lifted its stake in Janus International Group by 13.4% in the 3rd quarter. Atria Investments Inc now owns 13,889 shares of the company’s stock valued at $140,000 after buying an additional 1,643 shares in the last quarter. Amalgamated Bank grew its holdings in Janus International Group by 73.2% during the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after buying an additional 2,074 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Janus International Group by 25.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 14,482 shares of the company’s stock worth $186,000 after buying an additional 2,968 shares in the last quarter. Finally, Nicholas Investment Partners LP raised its holdings in shares of Janus International Group by 1.0% in the second quarter. Nicholas Investment Partners LP now owns 395,978 shares of the company’s stock worth $5,001,000 after acquiring an additional 3,790 shares during the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Trading Down 0.1 %

Shares of JBI stock opened at $7.57 on Thursday. The firm’s 50-day simple moving average is $7.88 and its 200-day simple moving average is $10.33. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. Janus International Group, Inc. has a 1-year low of $6.68 and a 1-year high of $15.86. The firm has a market cap of $1.07 billion, a P/E ratio of 10.51 and a beta of 0.91.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. KeyCorp dropped their price objective on Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Jefferies Financial Group downgraded 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. Finally, UBS Group reduced their price objective on shares of 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Janus International Group presently 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.