JPMorgan Chase & Co. lifted its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,332,406 shares of the company's stock after buying an additional 2,207,140 shares during the quarter. JPMorgan Chase & Co. owned about 6.62% of Janus International Group worth $68,593,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Janus International Group by 40.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,190,439 shares of the company's stock worth $12,035,000 after buying an additional 342,586 shares in the last quarter. FMR LLC raised its stake in Janus International Group by 8.4% in the 3rd quarter. FMR LLC now owns 8,316,295 shares of the company's stock worth $84,078,000 after purchasing an additional 646,078 shares in the last quarter. Verition Fund Management LLC boosted its holdings in Janus International Group by 146.2% in the 3rd quarter. Verition Fund Management LLC now owns 53,800 shares of the company's stock valued at $544,000 after purchasing an additional 31,951 shares during the period. Paloma Partners Management Co acquired a new position in shares of Janus International Group during the 3rd quarter worth approximately $143,000. Finally, Holocene Advisors LP bought a new position in shares of Janus International Group during the third quarter worth approximately $125,000. Institutional investors and hedge funds own 88.78% of the company's stock.
Janus International Group Price Performance
JBI traded up $0.24 during trading on Wednesday, hitting $6.76. 2,725,744 shares of the stock traded hands, compared to its average volume of 2,016,029. The business has a 50 day moving average price of $7.85 and a 200 day moving average price of $8.07. The company has a market cap of $948.50 million, a price-to-earnings ratio of 9.39 and a beta of 1.09. Janus International Group, Inc. has a twelve month low of $6.20 and a twelve month high of $15.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39.
Analyst Ratings Changes
Separately, KeyCorp cut their price target on Janus International Group from $11.00 to $9.00 and set an "overweight" rating for the company in a research note on Tuesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $9.75.
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Janus International Group Profile
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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.
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