Envestnet Asset Management Inc. Sells 132,925 Shares of Janus International Group, Inc. $JBI

Envestnet Asset Management Inc. decreased its holdings in Janus International Group, Inc. (NYSE:JBI) by 64.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,340 shares of the company’s stock after selling 132,925 shares during the period. Envestnet Asset Management Inc. owned 0.05% of Janus International Group worth $605,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of JBI. AlphaQuest LLC grew its stake in Janus International Group by 28.4% in the 2nd quarter. AlphaQuest LLC now owns 6,536 shares of the company’s stock valued at $53,000 after buying an additional 1,445 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of Janus International Group by 2.5% in the second quarter. Verdence Capital Advisors LLC now owns 61,318 shares of the company’s stock valued at $499,000 after purchasing an additional 1,507 shares in the last quarter. MGO One Seven LLC grew its position in shares of Janus International Group by 5.9% in the second quarter. MGO One Seven LLC now owns 30,012 shares of the company’s stock valued at $244,000 after purchasing an additional 1,681 shares in the last quarter. Kendall Capital Management raised its stake in shares of Janus International Group by 12.7% during the 2nd quarter. Kendall Capital Management now owns 14,975 shares of the company’s stock valued at $122,000 after purchasing an additional 1,685 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Janus International Group by 17.5% during 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 in the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Trading Up 0.8%

Shares of JBI opened at $5.97 on Tuesday. Janus International Group, Inc. has a 1-year low of $5.72 and a 1-year high of $10.80. The company has a market capitalization of $828.09 million, a P/E ratio of 17.54 and a beta of 1.34. The company has a debt-to-equity ratio of 0.96, a current ratio of 3.03 and a quick ratio of 2.57. The firm’s 50 day simple moving average is $8.94 and its 200 day simple moving average is $8.99.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, August 20th. UBS Group reduced their price objective on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a research note on Friday, November 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Janus International Group in a research note on Monday, November 17th. Wall Street Zen raised shares of Janus International Group from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Finally, KeyCorp boosted their price target on shares of Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.17.

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.