Senvest Management LLC Cuts Holdings in Janus International Group, Inc. (NYSE:JBI)

Senvest Management LLC reduced its stake in Janus International Group, Inc. (NYSE:JBI - Free Report) by 22.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,858,829 shares of the company's stock after selling 1,085,772 shares during the quarter. Janus International Group accounts for 1.4% of Senvest Management LLC's investment portfolio, making the stock its 21st biggest holding. Senvest Management LLC owned about 2.74% of Janus International Group worth $39,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new stake in Janus International Group in the 2nd quarter valued at approximately $60,000. Amalgamated Bank grew its position in Janus International Group by 73.2% during 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 period. Quarry LP increased its holdings in Janus International Group by 216.4% in the second quarter. Quarry LP now owns 6,527 shares of the company's stock valued at $82,000 after buying an additional 4,464 shares in the last quarter. Comerica Bank lifted its position in shares of Janus International Group by 78.8% during the 1st quarter. Comerica Bank now owns 6,721 shares of the company's stock valued at $102,000 after acquiring an additional 2,962 shares during the period. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of Janus International Group during the 2nd quarter worth approximately $126,000. Institutional investors and hedge funds own 88.78% of the company's stock.

Janus International Group Trading Up 3.1 %

Shares of JBI traded up $0.22 on Friday, hitting $7.41. 1,921,167 shares of the stock traded hands, compared to its average volume of 3,333,121. The firm has a market capitalization of $1.05 billion, a P/E ratio of 10.29 and a beta of 0.92. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. Janus International Group, Inc. has a 1 year low of $6.68 and a 1 year high of $15.86. The stock's 50 day moving average is $9.00 and its two-hundred day moving average is $11.34.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $230.10 million for the quarter, compared to analyst estimates of $248.21 million. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. Janus International Group's revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. As a group, sell-side analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on JBI. KeyCorp decreased their target price 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. UBS Group reduced their price target on shares of Janus International Group from $12.00 to $8.50 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Jefferies Financial Group cut shares of Janus International Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $12.00 to $7.50 in a research note on Monday, November 4th. Benchmark reduced their target price on Janus International Group from $21.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Finally, Wolfe Research downgraded Janus International Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Janus International Group currently has an average rating of "Hold" and an average price target of $10.25.

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.