Anchor Capital Management Company LLC Has $5.48 Million Position in Janus International Group, Inc. $JBI

Anchor Capital Management Company LLC increased its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 55.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 554,663 shares of the company’s stock after acquiring an additional 197,740 shares during the period. Janus International Group comprises about 4.7% of Anchor Capital Management Company LLC’s portfolio, making the stock its 8th largest position. Anchor Capital Management Company LLC owned about 0.40% of Janus International Group worth $5,475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBI. Raymond James Financial Inc. lifted its position in shares of Janus International Group by 0.9% in the third quarter. Raymond James Financial Inc. now owns 962,604 shares of the company’s stock worth $9,501,000 after purchasing an additional 8,605 shares in the last quarter. Man Group plc boosted its holdings in Janus International Group by 134.8% during the third quarter. Man Group plc now owns 40,344 shares of the company’s stock worth $398,000 after purchasing an additional 23,161 shares during the last quarter. Vident Advisory LLC grew its position in Janus International Group by 10.2% in the third quarter. Vident Advisory LLC now owns 56,476 shares of the company’s stock valued at $557,000 after purchasing an additional 5,248 shares in the last quarter. Comerica Bank grew its position in Janus International Group by 7.7% in the third quarter. Comerica Bank now owns 112,228 shares of the company’s stock valued at $1,108,000 after purchasing an additional 8,002 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Janus International Group by 1.7% in the 3rd quarter. Invesco Ltd. now owns 2,335,379 shares of the company’s stock valued at $23,050,000 after buying an additional 39,378 shares during the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on JBI shares. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, December 29th. Wall Street Zen upgraded Janus International Group from a “hold” rating to a “buy” rating in a report on Monday, March 2nd. KeyCorp reduced their price target on Janus International Group from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Finally, Zacks Research upgraded Janus International Group to a “hold” rating in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Janus International Group currently has a consensus rating of “Hold” and an average target price of $9.17.

Janus International Group Stock Performance

Shares of JBI stock opened at $5.16 on Friday. The stock has a market cap of $715.62 million, a P/E ratio of 13.22 and a beta of 1.47. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.54 and a quick ratio of 3.04. The company has a fifty day moving average price of $6.79 and a two-hundred day moving average price of $7.82. Janus International Group, Inc. has a one year low of $4.94 and a one year high of $10.80.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The firm had revenue of $226.30 million during the quarter, compared to the consensus estimate of $217.45 million. Janus International Group had a net margin of 6.08% and a return on equity of 15.26%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. As a group, equities analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group Company Profile

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.