Fmr LLC Grows Position in Janus International Group, Inc. (NYSE:JBI)

FMR LLC boosted its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 8.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,316,295 shares of the company's stock after acquiring an additional 646,078 shares during the quarter. FMR LLC owned 5.90% of Janus International Group worth $84,078,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Janus International Group by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,278 shares of the company's stock worth $368,000 after purchasing an additional 2,799 shares during the period. California State Teachers Retirement System raised its holdings in Janus International Group by 13.0% in the 1st quarter. California State Teachers Retirement System now owns 133,986 shares of the company's stock worth $2,027,000 after purchasing an additional 15,399 shares during the period. Comerica Bank lifted its position in Janus International Group by 78.8% during the first quarter. Comerica Bank now owns 6,721 shares of the company's stock valued at $102,000 after purchasing an additional 2,962 shares in the last quarter. Annex Advisory Services LLC grew its holdings in Janus International Group by 17.1% during the second quarter. Annex Advisory Services LLC now owns 41,253 shares of the company's stock valued at $521,000 after purchasing an additional 6,029 shares during the period. Finally, SG Americas Securities LLC increased its position in Janus International Group by 163.3% in the second quarter. SG Americas Securities LLC now owns 44,776 shares of the company's stock worth $566,000 after buying an additional 27,768 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Price Performance

Shares of NYSE JBI traded down $0.05 during mid-day trading on Friday, hitting $7.35. 849,614 shares of the company's stock traded hands, compared to its average volume of 2,002,006. 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 company's 50-day moving average is $8.54 and its two-hundred day moving average is $10.97. The company has a market capitalization of $1.04 billion, a P/E ratio of 10.28 and a beta of 0.91.

Janus International Group (NYSE:JBI - Get Free Report) last issued 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). 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 company's revenue for the quarter was down 17.9% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. On average, equities analysts anticipate that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Analyst Ratings Changes

JBI has been the subject of several analyst reports. Wolfe Research lowered shares of Janus International Group from an "outperform" rating to a "peer perform" rating in a report on Monday, August 12th. Jefferies Financial Group cut shares of Janus International Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $12.00 to $7.50 in a research note on Monday, November 4th. Benchmark dropped their price objective 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 Janus International Group from $13.00 to $11.00 and set an "overweight" rating on the stock in a research note 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 for the company in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Janus International Group presently has a consensus rating of "Hold" and a consensus 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.