Geode Capital Management LLC Has $26.36 Million Stock Position in Janus International Group, Inc. $JBI

Geode Capital Management LLC lifted its position in Janus International Group, Inc. (NYSE:JBI) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,237,347 shares of the company’s stock after buying an additional 18,704 shares during the period. Geode Capital Management LLC owned about 2.31% of Janus International Group worth $26,355,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

JBI has been the subject of several research analyst reports. UBS Group reduced their price target on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, November 7th. Weiss Ratings lowered shares of Janus International Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. KeyCorp lifted their price target on Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Wall Street Zen raised Janus International Group from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Finally, Jefferies Financial Group increased their price objective on Janus International Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.17.

Janus International Group Stock Down 1.2%

Shares of JBI stock opened at $6.16 on Friday. The firm’s fifty day moving average price is $8.61 and its two-hundred day moving average price is $8.93. 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, Inc. has a 1 year low of $5.72 and a 1 year high of $10.80. The firm has a market capitalization of $854.44 million, a P/E ratio of 18.10 and a beta of 1.34.

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

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.