Bernzott Capital Advisors Grows Holdings in Janus International Group, Inc. (NYSE:JBI)

Bernzott Capital Advisors increased its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 32.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 693,343 shares of the company's stock after purchasing an additional 171,038 shares during the period. Janus International Group accounts for about 3.0% of Bernzott Capital Advisors' holdings, making the stock its 17th biggest holding. Bernzott Capital Advisors owned approximately 0.47% of Janus International Group worth $7,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Janus International Group by 26.8% during the fourth quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company's stock valued at $151,857,000 after acquiring an additional 2,458,953 shares during the last quarter. Saxon Interests Inc. acquired a new position in shares of Janus International Group in the first quarter valued at approximately $189,000. Principal Financial Group Inc. acquired a new position in shares of Janus International Group in the first quarter valued at approximately $173,000. Mutual of America Capital Management LLC grew its holdings in shares of Janus International Group by 131.3% in the first quarter. Mutual of America Capital Management LLC now owns 575,474 shares of the company's stock valued at $8,707,000 after purchasing an additional 326,707 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Janus International Group by 15.5% in the first quarter. GSA Capital Partners LLP now owns 75,124 shares of the company's stock valued at $1,137,000 after purchasing an additional 10,094 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price target on shares of Janus International Group from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, September 10th. Benchmark decreased their price target on shares of 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. Wolfe Research downgraded shares of Janus International Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, August 12th. UBS Group reduced their price objective on shares of Janus International Group from $14.50 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Finally, KeyCorp reduced their price objective on shares of Janus International Group from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Monday, October 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.75.

Janus International Group Price Performance

Shares of NYSE:JBI traded down $3.07 on Tuesday, reaching $7.24. 21,207,923 shares of the company were exchanged, compared to its average volume of 1,995,758. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05. Janus International Group, Inc. has a 1-year low of $6.68 and a 1-year high of $15.86. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 7.71 and a beta of 0.88. The company has a 50-day moving average of $10.25 and a 200-day moving average of $12.29.

Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.09). The business had revenue of $230.10 million during the quarter, compared to analysts' expectations of $248.21 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. Janus International Group's quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Equities analysts forecast that Janus International Group, Inc. will post 0.84 earnings per share for the current fiscal year.

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.