Jane Street Group LLC Reduces Holdings in Janus International Group, Inc. (NYSE:JBI)

Jane Street Group LLC lowered its position in Janus International Group, Inc. (NYSE:JBI - Free Report) by 55.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,756 shares of the company's stock after selling 90,986 shares during the quarter. Jane Street Group LLC owned 0.05% of Janus International Group worth $746,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Janus International Group during the second quarter valued at $60,000. Amalgamated Bank lifted its holdings 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 purchasing an additional 2,074 shares in the last quarter. Quarry LP boosted its stake in shares of Janus International Group by 216.4% during the 2nd 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 last quarter. Holocene Advisors LP purchased a new stake in shares of Janus International Group during the third quarter worth about $125,000. Finally, SkyView Investment Advisors LLC acquired a new position in shares of Janus International Group in the second quarter valued at approximately $126,000. Institutional investors and hedge funds own 88.78% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. KeyCorp lowered their target price on shares of Janus International Group from $13.00 to $11.00 and set an "overweight" rating for the company in a research note on Wednesday, October 30th. Jefferies Financial Group downgraded Janus International Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $12.00 to $7.50 in a research report on Monday, November 4th. Finally, UBS Group reduced their target price on Janus International Group from $12.00 to $8.50 and set a "neutral" rating on the stock in a research report 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $10.25.

Janus International Group Trading Up 2.4 %

Shares of JBI stock traded up $0.18 on Friday, reaching $7.57. 2,135,500 shares of the stock were exchanged, compared to its average volume of 2,046,500. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.07 billion, a P/E ratio of 10.51 and a beta of 0.91. The firm has a 50 day moving average of $7.56 and a two-hundred day moving average of $10.11. Janus International Group, Inc. has a 1-year low of $6.68 and a 1-year high of $15.86.

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

Janus International Group Company 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.