Janus International Group, Inc. (NYSE:JBI) Short Interest Update

Janus International Group, Inc. (NYSE:JBI - Get Free Report) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 22,290,000 shares, an increase of 6.5% from the September 15th total of 20,930,000 shares. Approximately 16.0% of the company's shares are short sold. Based on an average daily volume of 2,480,000 shares, the days-to-cover ratio is currently 9.0 days.

Insider Buying and Selling

In other news, insider Peter Frayser sold 15,000 shares of the business's stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.00, for a total value of $225,000.00. Following the transaction, the insider now directly owns 217,805 shares of the company's stock, valued at $3,267,075. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Janus International Group

A number of large investors have recently made changes to their positions in the business. Epoch Investment Partners Inc. bought a new stake in shares of Janus International Group during the first quarter valued at approximately $18,954,000. First Eagle Investment Management LLC lifted its stake in Janus International Group by 18.6% during the 1st quarter. First Eagle Investment Management LLC now owns 739,066 shares of the company's stock valued at $11,182,000 after acquiring an additional 115,700 shares during the period. Swiss National Bank boosted its holdings in shares of Janus International Group by 19.0% during the 1st quarter. Swiss National Bank now owns 275,500 shares of the company's stock valued at $4,168,000 after acquiring an additional 44,000 shares during the last quarter. Boston Partners grew its stake in shares of Janus International Group by 10.3% in the first quarter. Boston Partners now owns 2,867,586 shares of the company's stock worth $43,112,000 after acquiring an additional 267,474 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Janus International Group by 15.6% during the first quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company's stock valued at $203,554,000 after purchasing an additional 1,817,144 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JBI. Jefferies Financial Group lowered their price target on shares of Janus International Group from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, September 10th. KeyCorp cut their price target on Janus International Group from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday. Wolfe Research cut Janus International Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. Benchmark cut their target price on shares of Janus International Group from $21.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, UBS Group lowered their price target on shares of Janus International Group from $14.50 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Janus International Group has a consensus rating of "Moderate Buy" and a consensus target price of $12.75.

Janus International Group Price Performance

JBI stock traded up $0.01 during mid-day trading on Wednesday, reaching $10.41. 1,828,358 shares of the company traded hands, compared to its average volume of 1,920,564. Janus International Group has a 52-week low of $9.16 and a 52-week high of $15.86. The company has a market capitalization of $1.52 billion, a P/E ratio of 10.96 and a beta of 0.88. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82 and a quick ratio of 2.47. The company has a fifty day moving average price of $10.32 and a 200-day moving average price of $12.56.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.07). Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. The company had revenue of $248.40 million for the quarter, compared to analysts' expectations of $287.42 million. As a group, analysts anticipate that Janus International Group will post 0.84 earnings per share 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.

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