Janus International Group, Inc. (NYSE:JBI) Shares Bought by Maverick Capital Ltd.

Maverick Capital Ltd. grew its position in Janus International Group, Inc. (NYSE:JBI - Free Report) by 334.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,691 shares of the company's stock after buying an additional 92,931 shares during the quarter. Maverick Capital Ltd. owned 0.08% of Janus International Group worth $1,524,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Epoch Investment Partners Inc. acquired a new stake in shares of Janus International Group in the first quarter valued at $18,954,000. First Eagle Investment Management LLC grew its stake in shares of Janus International Group by 18.6% in the first quarter. First Eagle Investment Management LLC now owns 739,066 shares of the company's stock valued at $11,182,000 after buying an additional 115,700 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Janus International Group by 27.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,734,570 shares of the company's stock worth $22,637,000 after purchasing an additional 378,478 shares in the last quarter. Swiss National Bank grew its stake in Janus International Group by 19.0% during the 1st quarter. Swiss National Bank now owns 275,500 shares of the company's stock worth $4,168,000 after purchasing an additional 44,000 shares in the last quarter. Finally, Corsair Capital Management L.P. grew its stake in Janus International Group by 63.4% during the 4th quarter. Corsair Capital Management L.P. now owns 593,209 shares of the company's stock worth $7,741,000 after purchasing an additional 230,075 shares in the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

Janus International Group Stock Performance

Shares of Janus International Group stock traded up $0.10 on Friday, hitting $10.27. The stock had a trading volume of 1,925,147 shares, compared to its average volume of 1,931,629. Janus International Group, Inc. has a 52-week low of $9.16 and a 52-week high of $15.86. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 10.81 and a beta of 0.89. The company's 50 day moving average price is $11.32 and its 200 day moving average price is $13.01.

Janus International Group (NYSE:JBI - Get Free Report) last posted its earnings results 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 firm had revenue of $248.40 million during the quarter, compared to analysts' expectations of $287.42 million. On average, research analysts anticipate that Janus International Group, Inc. will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on JBI. KeyCorp lowered their target price on Janus International Group from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Wolfe Research cut Janus International Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. Benchmark lowered their target price 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. UBS Group decreased their price target on Janus International Group from $14.50 to $12.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Finally, Jefferies Financial Group decreased their price target on Janus International Group from $15.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, September 10th. Two research 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.25.

Insider Activity

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the company's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider now directly owns 217,805 shares of the company's stock, valued at approximately $3,267,075. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.94% of the company's stock.

Janus International Group 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.