Janus International Group, Inc. (NYSE:JBI) Shares Bought by DAVENPORT & Co LLC

DAVENPORT & Co LLC raised its position in Janus International Group, Inc. (NYSE:JBI - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,263,858 shares of the company's stock after acquiring an additional 397,301 shares during the period. DAVENPORT & Co LLC owned approximately 2.31% of Janus International Group worth $24,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC grew its position in Janus International Group by 68.0% during the 2nd quarter. AQR Capital Management LLC now owns 104,449 shares of the company's stock worth $1,319,000 after purchasing an additional 42,294 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Janus International Group by 31.8% during the second quarter. Millennium Management LLC now owns 1,432,371 shares of the company's stock valued at $18,091,000 after buying an additional 345,613 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Janus International Group by 38.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,595 shares of the company's stock valued at $1,056,000 after acquiring an additional 23,394 shares during the period. Mackenzie Financial Corp purchased a new position in Janus International Group in the 2nd quarter worth $136,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Janus International Group during the 2nd quarter worth about $2,210,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Price Performance

JBI traded up $0.08 during trading on Thursday, hitting $8.24. The company's stock had a trading volume of 705,260 shares, compared to its average volume of 1,618,161. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.45 and a beta of 0.92. The business's fifty day simple moving average is $7.64 and its 200 day simple moving average is $9.22. 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, Inc. has a twelve month low of $6.68 and a twelve month high of $15.86.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Jefferies Financial Group cut Janus International Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $12.00 to $7.50 in a research note on Monday, November 4th. KeyCorp reduced their price target on shares of 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. Finally, UBS Group cut 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.