Amalgamated Bank Buys 2,074 Shares of Janus International Group, Inc. (NYSE:JBI)

Amalgamated Bank lifted its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 73.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,909 shares of the company’s stock after acquiring an additional 2,074 shares during the quarter. Amalgamated Bank’s holdings in Janus International Group were worth $62,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Tucker Asset Management LLC bought a new position in Janus International Group in the 4th quarter worth $35,000. 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 worth $102,000 after purchasing an additional 2,962 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Janus International Group during the 1st quarter valued at approximately $173,000. DekaBank Deutsche Girozentrale increased its position in Janus International Group by 25.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 14,482 shares of the company’s stock worth $186,000 after buying an additional 2,968 shares during the period. Finally, Saxon Interests Inc. acquired a new position in shares of Janus International Group during the first quarter worth approximately $189,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on JBI shares. Benchmark lowered their price objective on shares of 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. UBS Group cut their price objective on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. KeyCorp cut their price target on Janus International Group from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Jefferies Financial Group decreased their price objective on Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.25.

Insiders Place Their Bets

In other news, insider Peter Frayser sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the transaction, the insider now directly owns 217,805 shares of the company’s stock, valued at approximately $3,267,075. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.94% of the company’s stock.

Janus International Group Stock Down 4.4 %

Shares of JBI opened at $9.67 on Wednesday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 10.17 and a beta of 0.89. The company has a 50-day moving average price of $11.17 and a two-hundred day moving average price of $12.93. Janus International Group, Inc. has a 12 month low of $9.16 and a 12 month high of $15.86. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 1.05.

Janus International Group (NYSE:JBI) last issued its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.07). The business had revenue of $248.40 million during the quarter, compared to the consensus estimate of $287.42 million. Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. Equities analysts predict that Janus International Group, Inc. will post 0.84 EPS for the current fiscal year.

Janus International Group 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.