Verition Fund Management LLC Purchases 31,951 Shares of Janus International Group, Inc. (NYSE:JBI)

Verition Fund Management LLC boosted its holdings in Janus International Group, Inc. (NYSE:JBI) by 146.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,800 shares of the company’s stock after acquiring an additional 31,951 shares during the quarter. Verition Fund Management LLC’s holdings in Janus International Group were worth $544,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of JBI. Principal Financial Group Inc. raised its position in Janus International Group by 854.2% in the 3rd 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 period. Royce & Associates LP grew its holdings in shares of Janus International Group by 21.5% during the 3rd 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 during the period. River Road Asset Management LLC bought a new position in Janus International Group in the third quarter worth $8,256,000. Maverick Capital Ltd. lifted its position in Janus International Group by 334.8% during the 2nd 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 during the period. Finally, Bernzott Capital Advisors boosted its position in shares of Janus International Group by 32.7% in the 3rd quarter. Bernzott Capital Advisors now owns 693,343 shares of the company’s stock worth $7,010,000 after purchasing an additional 171,038 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors.

Janus International Group Stock Performance

Shares of Janus International Group stock opened at $7.83 on Thursday. The firm’s 50-day simple moving average is $8.35 and its 200-day simple moving average is $10.76. The firm has a market cap of $1.10 billion, a PE ratio of 10.88 and a beta of 0.91. Janus International Group, Inc. has a 1 year low of $6.68 and a 1 year high of $15.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80.

Janus International Group (NYSE:JBI) last issued its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The company had revenue of $230.10 million during the quarter, compared to analyst estimates of $248.21 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The business’s revenue was down 17.9% compared to the same quarter last year. Equities analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JBI has been the topic of several analyst reports. UBS Group lowered their price objective on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. KeyCorp decreased their price objective on shares of 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. Finally, Jefferies Financial Group cut Janus International Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $12.00 to $7.50 in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus 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.