Bamco Inc. NY Sells 598,043 Shares of Janus International Group, Inc. (NYSE:JBI)

Bamco Inc. NY trimmed its position in Janus International Group, Inc. (NYSE:JBI - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,750,000 shares of the company's stock after selling 598,043 shares during the period. Bamco Inc. NY owned 4.08% of Janus International Group worth $58,132,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in JBI. Principal Financial Group Inc. lifted its position in Janus International Group by 854.2% during the third quarter. Principal Financial Group Inc. now owns 182,876 shares of the company's stock valued at $1,849,000 after purchasing an additional 163,711 shares during the last quarter. Royce & Associates LP lifted 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 worth $12,381,000 after acquiring an additional 216,382 shares during the last quarter. River Road Asset Management LLC purchased a new position in Janus International Group in the third quarter worth $8,256,000. Maverick Capital Ltd. increased its stake in Janus International Group by 334.8% in the second quarter. Maverick Capital Ltd. now owns 120,691 shares of the company's stock valued at $1,524,000 after acquiring an additional 92,931 shares during the last quarter. Finally, Bernzott Capital Advisors raised its position in Janus International Group by 32.7% during the third quarter. Bernzott Capital Advisors now owns 693,343 shares of the company's stock valued at $7,010,000 after purchasing an additional 171,038 shares in the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Trading Up 2.5 %

NYSE:JBI traded up $0.19 during trading hours on Tuesday, hitting $7.74. The company had a trading volume of 1,127,648 shares, compared to its average volume of 2,012,042. 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 52 week low of $6.68 and a 52 week high of $15.86. The company has a market capitalization of $1.09 billion, a PE ratio of 10.75 and a beta of 0.91. The stock has a 50-day moving average price of $8.68 and a 200 day moving average price of $11.06.

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

Analyst Ratings Changes

JBI has been the subject of a number of research reports. UBS Group cut their price objective on Janus International Group from $12.00 to $8.50 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Benchmark cut their target price on Janus International Group from $21.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, August 9th. KeyCorp decreased their target price 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. Wolfe Research downgraded Janus International Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, August 12th. Finally, Jefferies Financial Group cut shares of Janus International Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $12.00 to $7.50 in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Janus International Group currently has an average rating of "Hold" and an average target price of $10.25.

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.