Wealth Enhancement Advisory Services LLC Invests $72,000 in Janus International Group, Inc. (NYSE:JBI)

Wealth Enhancement Advisory Services LLC bought a new position in shares of Janus International Group, Inc. (NYSE:JBI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,005 shares of the company’s stock, valued at approximately $72,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wedge Capital Management L L P NC acquired a new position in Janus International Group in the first quarter valued at about $1,164,000. GAMMA Investing LLC raised its stake in Janus International Group by 787.5% in the first quarter. GAMMA Investing LLC now owns 17,813 shares of the company’s stock valued at $128,000 after purchasing an additional 15,806 shares in the last quarter. Wellington Management Group LLP raised its stake in Janus International Group by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 4,585,908 shares of the company’s stock valued at $33,706,000 after purchasing an additional 219,506 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Janus International Group in the fourth quarter valued at about $576,000. Finally, Wexford Capital LP acquired a new position in Janus International Group in the fourth quarter valued at about $95,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

Janus International Group Stock Performance

Janus International Group stock opened at $9.17 on Friday. Janus International Group, Inc. has a 12-month low of $5.99 and a 12-month high of $15.24. The company has a quick ratio of 2.21, a current ratio of 2.59 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $8.27 and its two-hundred day moving average price is $7.80. The stock has a market cap of $1.29 billion, a PE ratio of 26.20 and a beta of 1.24.

Janus International Group (NYSE:JBI) last released its earnings results on Thursday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Janus International Group had a return on equity of 13.38% and a net margin of 5.49%. The firm had revenue of $210.50 million for the quarter, compared to analysts’ expectations of $200.73 million. During the same quarter in the previous year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was down 17.3% on a year-over-year basis. As a group, analysts expect that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group announced that its board has authorized a stock buyback program on Thursday, May 15th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.