Eagle Asset Management Inc. Acquires 116,590 Shares of Janus International Group, Inc. (NYSE:JBI)

Eagle Asset Management Inc. grew its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 67.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 290,608 shares of the company's stock after buying an additional 116,590 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.21% of Janus International Group worth $2,938,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new stake in Janus International Group during the 2nd quarter worth $60,000. Amalgamated Bank increased its position in Janus International Group by 73.2% in the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company's stock valued at $62,000 after acquiring an additional 2,074 shares during the period. Quarry LP lifted its holdings in shares of Janus International Group by 216.4% during the second quarter. Quarry LP now owns 6,527 shares of the company's stock worth $82,000 after purchasing an additional 4,464 shares during the period. Comerica Bank grew its stake in shares of Janus International Group by 78.8% in the first quarter. Comerica Bank now owns 6,721 shares of the company's stock worth $102,000 after purchasing an additional 2,962 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in Janus International Group in the second quarter valued at $126,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Stock Performance

JBI stock traded down $0.18 during mid-day trading on Tuesday, hitting $7.37. The company had a trading volume of 2,111,602 shares, compared to its average volume of 2,026,611. Janus International Group, Inc. has a 12 month low of $6.68 and a 12 month high of $15.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The stock's fifty day moving average price is $8.95 and its two-hundred day moving average price is $11.29. The firm has a market cap of $1.04 billion, a PE ratio of 10.22 and a beta of 0.92.

Janus International Group (NYSE:JBI - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations 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 quarterly revenue was down 17.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. On average, analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Jefferies Financial Group lowered Janus International Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $12.00 to $7.50 in a research report on Monday, November 4th. UBS Group cut their price target on Janus International Group from $12.00 to $8.50 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Wolfe Research downgraded shares of Janus International Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, August 12th. Benchmark reduced their price target on shares of Janus International Group from $21.00 to $14.00 and set a "buy" rating for the company in a report on Friday, August 9th. Finally, KeyCorp dropped their price objective on shares of Janus International Group from $13.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.