Connor Clark & Lunn Investment Management Ltd. Grows Position in Janus International Group, Inc. $JBI

Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Janus International Group, Inc. (NYSE:JBI) by 85.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,489 shares of the company’s stock after purchasing an additional 98,732 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.15% of Janus International Group worth $1,746,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JBI. AlphaQuest LLC increased its holdings in Janus International Group by 336.2% in the first quarter. AlphaQuest LLC now owns 5,091 shares of the company’s stock valued at $37,000 after buying an additional 3,924 shares in the last quarter. Quarry LP acquired a new stake in shares of Janus International Group during the 1st quarter valued at about $43,000. CWM LLC raised its holdings in Janus International Group by 571.1% in the 1st quarter. CWM LLC now owns 11,012 shares of the company’s stock worth $79,000 after purchasing an additional 9,371 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Janus International Group by 17.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,759 shares of the company’s stock worth $106,000 after purchasing an additional 1,754 shares during the period. Finally, Kendall Capital Management boosted its position in Janus International Group by 12.7% during the second quarter. Kendall Capital Management now owns 14,975 shares of the company’s stock worth $122,000 after purchasing an additional 1,685 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JBI has been the subject of a number of recent analyst reports. KeyCorp upped their target price on Janus International Group from $10.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Jefferies Financial Group upped their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Wednesday, August 20th. UBS Group decreased their price objective on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Janus International Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Janus International Group from a “hold” rating to a “buy” rating in a research report on Sunday. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.17.

Janus International Group Stock Performance

NYSE:JBI opened at $5.91 on Monday. The company has a market cap of $819.73 million, a P/E ratio of 17.37 and a beta of 1.34. Janus International Group, Inc. has a twelve month low of $5.80 and a twelve month high of $10.80. The company’s 50-day moving average price is $9.46 and its 200-day moving average price is $9.05. The company has a current ratio of 3.03, a quick ratio of 2.57 and a debt-to-equity ratio of 0.96.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Monday, March 28th. The company reported $0.24 earnings per share (EPS) for the quarter. Janus International Group had a net margin of 5.29% and a return on equity of 14.18%. The company had revenue of $148.59 million during the quarter. On average, sell-side analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

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.