40,273 Shares in Janus International Group, Inc. (NYSE:JBI) Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC acquired a new position in Janus International Group, Inc. (NYSE:JBI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,273 shares of the company’s stock, valued at approximately $296,000.

A number of other hedge funds also recently added to or reduced their stakes in JBI. FMR LLC lifted its stake in Janus International Group by 74.9% in the fourth quarter. FMR LLC now owns 14,544,033 shares of the company’s stock worth $106,899,000 after acquiring an additional 6,227,738 shares during the period. River Road Asset Management LLC lifted its stake in Janus International Group by 536.5% in the fourth quarter. River Road Asset Management LLC now owns 5,197,675 shares of the company’s stock worth $38,203,000 after acquiring an additional 4,381,017 shares during the period. JPMorgan Chase & Co. lifted its stake in Janus International Group by 31.0% in the fourth quarter. JPMorgan Chase & Co. now owns 9,332,406 shares of the company’s stock worth $68,593,000 after acquiring an additional 2,207,140 shares during the period. Senvest Management LLC lifted its stake in Janus International Group by 47.0% in the fourth quarter. Senvest Management LLC now owns 5,671,431 shares of the company’s stock worth $41,685,000 after acquiring an additional 1,812,602 shares during the period. Finally, Cooke & Bieler LP lifted its position in shares of Janus International Group by 25.9% during the fourth quarter. Cooke & Bieler LP now owns 7,549,000 shares of the company’s stock valued at $55,485,000 after buying an additional 1,551,545 shares during the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, KeyCorp increased their price target on shares of Janus International Group from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.00.

Janus International Group Stock Performance

JBI stock opened at $8.69 on Wednesday. Janus International Group, Inc. has a one year low of $5.99 and a one year high of $15.24. 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 firm has a market cap of $1.22 billion, a price-to-earnings ratio of 12.07 and a beta of 1.20. The firm has a 50-day simple moving average of $7.32 and a two-hundred day simple moving average of $7.58.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The firm had revenue of $210.50 million during the quarter, compared to analyst estimates of $200.73 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. Janus International Group’s revenue was down 17.3% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. On average, equities analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Janus International Group declared that its Board of Directors has approved a stock buyback plan on Thursday, May 15th that authorizes the company to repurchase $75.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Janus International Group Company 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.