Raymond James & Associates Purchases 84,718 Shares of Janus International Group, Inc. (NYSE:JBI)

Raymond James & Associates boosted its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 28.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 379,673 shares of the company's stock after purchasing an additional 84,718 shares during the period. Raymond James & Associates owned about 0.26% of Janus International Group worth $3,838,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in Janus International Group in the 2nd quarter worth about $60,000. Amalgamated Bank increased its holdings in Janus International Group by 73.2% in the second quarter. Amalgamated Bank now owns 4,909 shares of the company's stock worth $62,000 after buying an additional 2,074 shares during the last quarter. Quarry LP raised its position in Janus International Group by 216.4% during the second quarter. Quarry LP now owns 6,527 shares of the company's stock valued at $82,000 after acquiring an additional 4,464 shares in the last quarter. Comerica Bank raised its position in Janus International Group by 78.8% during the first quarter. Comerica Bank now owns 6,721 shares of the company's stock valued at $102,000 after acquiring an additional 2,962 shares in the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in 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.

Janus International Group Price Performance

Shares of JBI stock traded down $0.31 during trading hours on Monday, hitting $7.04. The company had a trading volume of 3,337,430 shares, compared to its average volume of 2,042,226. Janus International Group, Inc. has a 12 month low of $6.68 and a 12 month high of $15.86. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.47 and a current ratio of 2.82. The firm's fifty day moving average is $9.95 and its 200 day moving average is $12.11. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 10.21 and a beta of 0.92.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (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 the consensus estimate of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.00%. The company's revenue for the quarter was down 17.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 earnings per share. On average, sell-side analysts predict that Janus International Group, Inc. will post 0.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. UBS Group decreased their price target on Janus International Group from $12.00 to $8.50 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Wolfe Research cut shares of Janus International Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. Jefferies Financial Group lowered shares of Janus International Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $12.00 to $7.50 in a research note on Monday. 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, KeyCorp lowered their price target on Janus International Group from $13.00 to $11.00 and set an "overweight" 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 assigned a buy rating to the company. Based on data from MarketBeat, Janus International Group presently has a consensus rating of "Hold" and a consensus price target of $10.25.

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.