Blueshift Asset Management LLC purchased a new equity position in Janus International Group, Inc. (NYSE: JBI) during Q3, HoldingsChannel.com reports. The fund bought 69,153 shares of the company, valued at around $846,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. bought a new stock position in Janus International Group during Q3 for $129,000. BlackRock Inc. bought a new position in shares of Janus International Group during the 3rd quarter for a value of $8,043,000. We Are One Seven LLC increased its stake in Janus International Group by 70.3% in the 3rd quarter. We Are One Seven LLC now owns 37,309 shares of the company valued at $521,000 after purchasing an additional 15,403 shares during the period. Advisor Group Holdings Inc. increased its stake in Janus International Group by 71.3% in Q3. Advisor Group Holdings Inc. now owns 3,186 shares of the company valued at $39,000 after purchasing an additional 1,326 shares during the period. Finally, Kornitzer Capital Management Inc. KS increased its stake in Janus International Group by 4.0% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 747,550 shares of the company valued at $9,150,000 after purchasing an additional 28,418 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s shares.
Several analysts have recently released reports on JBI shares. Stifel Nicolaus began covering Janus International Group shares in a report on Wednesday, December 8. They issued a “buy” rating and a price target of $17.00 on the stock. UBS Group began covering Janus International Group shares in a report on Tuesday, December 7. They issued a “neutral” rating and a price target of $14.00 on the stock. The benchmark began covering shares of Janus International Group in a report on Wednesday. They issued a “buy” rating and a price target of $18.00 on the stock. KeyCorp cut its price target on Janus International Group shares from $18.00 to $17.00 and set an “overweight” rating on the stock in a Wednesday, Nov. 10, report. Finally, Zacks Investment Research upgraded Janus International Group from a “sell” to a “hold” rating in a Wednesday, January 12 research report. Three research analysts gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat.com, Janus International Group currently has a consensus buy rating and a consensus price target of $16.00.
NYSE JBI opened at $10.24 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.31 and a debt ratio of 3.43. The stock has a 50-day moving average of $11.81 and a 200-day moving average of $12.91. Janus International Group, Inc. has a 1-year low of $9.14 and a 1-year high of $15.94.
Janus International Group (NYSE:JBI) last released its results on Tuesday, November 9. The company reported earnings per share of $0.11 for the quarter, missing the consensus estimate of $0.13 per ($0.02). The company posted revenue of $187.79 million in the quarter, versus a consensus estimate of $175.40 million. On average, sell-side analysts expect Janus International Group, Inc. to post 0.41 EPS for the current year.
Janus International Group Profile
Janus International Group, LLC designs, manufactures and installs steel roll-up doors and building components for the self-storage, industrial and commercial markets. Its products include self-storage doors, wind-up self-storage doors and swing doors; interior corridor systems and locker systems; commercial rolling doors, including tension maintainers, spiral torsion tubes and adjusting support systems; removable storage containers and additional mobile storage structures; electronic locks, sergers and monitoring products for roll-up doors; and options, such as vision panels, insulation materials, upgrade repair kits, pantheon operators, and winch operators.
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