Bamco Inc. NY Sells 598,043 Shares of Janus International Group, Inc. (NYSE:JBI)

Bamco Inc. NY lessened its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,750,000 shares of the company’s stock after selling 598,043 shares during the quarter. Bamco Inc. NY owned approximately 4.08% of Janus International Group worth $58,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in Janus International Group by 854.2% in the third quarter. Principal Financial Group Inc. now owns 182,876 shares of the company’s stock worth $1,849,000 after purchasing an additional 163,711 shares during the last quarter. Royce & Associates LP boosted its holdings in Janus International Group by 21.5% in the third quarter. Royce & Associates LP now owns 1,224,593 shares of the company’s stock worth $12,381,000 after acquiring an additional 216,382 shares in the last quarter. River Road Asset Management LLC purchased a new stake in shares of Janus International Group during the third quarter worth about $8,256,000. Maverick Capital Ltd. increased its holdings in shares of Janus International Group by 334.8% during the second quarter. Maverick Capital Ltd. now owns 120,691 shares of the company’s stock valued at $1,524,000 after acquiring an additional 92,931 shares in the last quarter. Finally, Bernzott Capital Advisors increased its holdings in shares of Janus International Group by 32.7% during the third quarter. Bernzott Capital Advisors now owns 693,343 shares of the company’s stock valued at $7,010,000 after acquiring an additional 171,038 shares in the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Stock Performance

NYSE:JBI opened at $7.57 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The stock has a market capitalization of $1.07 billion, a PE ratio of 10.28 and a beta of 0.92. Janus International Group, Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $15.86. The company has a fifty day moving average of $8.73 and a two-hundred day moving average of $11.11.

Janus International Group (NYSE:JBI) last released its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09). The firm had revenue of $230.10 million during the quarter, compared to analysts’ expectations of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The business’s revenue 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, research analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

JBI has been the topic of several research analyst reports. 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. Benchmark dropped their price target 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. KeyCorp reduced their price objective on Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Jefferies Financial Group lowered Janus International Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $12.00 to $7.50 in a research report on Monday, November 4th. Finally, UBS Group cut 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.