Anchor Capital Advisors LLC Lowers Stake in Janus International Group, Inc. (NYSE:JBI)

Anchor Capital Advisors LLC reduced its position in Janus International Group, Inc. (NYSE:JBI) by 61.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,038 shares of the company’s stock after selling 100,984 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Janus International Group were worth $810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of JBI. Bank of New York Mellon Corp raised its stake in Janus International Group by 13.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 358,035 shares of the company’s stock valued at $3,831,000 after purchasing an additional 41,621 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Janus International Group by 52.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,524 shares of the company’s stock valued at $198,000 after buying an additional 6,366 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Janus International Group by 4.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,433,473 shares of the company’s stock valued at $36,738,000 after buying an additional 143,753 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Janus International Group by 211.2% in the third quarter. Teacher Retirement System of Texas now owns 164,212 shares of the company’s stock worth $1,757,000 after buying an additional 111,452 shares in the last quarter. Finally, M&T Bank Corp bought a new position in shares of Janus International Group during the third quarter worth $142,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Morgan Hodges sold 150,000 shares of Janus International Group stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.26, for a total transaction of $2,289,000.00. Following the completion of the sale, the executive vice president now directly owns 203,865 shares in the company, valued at $3,110,979.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Janus International Group news, CEO Ramey Pierce Jackson sold 100,000 shares of Janus International Group stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.26, for a total transaction of $1,526,000.00. Following the completion of the sale, the chief executive officer now directly owns 564,510 shares of the company’s stock, valued at approximately $8,614,422.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Morgan Hodges sold 150,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.26, for a total value of $2,289,000.00. Following the transaction, the executive vice president now directly owns 203,865 shares in the company, valued at approximately $3,110,979.90. The disclosure for this sale can be found here. In the last three months, insiders sold 340,000 shares of company stock valued at $5,189,300. Insiders own 42.90% of the company’s stock.

Analyst Upgrades and Downgrades

JBI has been the topic of several research analyst reports. Benchmark decreased their price target on shares of Janus International Group from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Jefferies Financial Group initiated coverage on Janus International Group in a research note on Monday, April 15th. They set a “buy” rating and a $20.00 price target for the company. Finally, TheStreet raised Janus International Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.30.

Janus International Group Stock Performance

NYSE JBI opened at $14.41 on Wednesday. The business’s 50 day moving average price is $14.75 and its 200-day moving average price is $13.06. Janus International Group, Inc. has a fifty-two week low of $8.66 and a fifty-two week high of $15.86. The company has a market cap of $2.12 billion, a P/E ratio of 15.66 and a beta of 0.94. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.38 and a current ratio of 2.66.

Janus International Group (NYSE:JBI) last announced its earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Janus International Group had a net margin of 12.73% and a return on equity of 30.00%. The firm had revenue of $263.70 million during the quarter, compared to analysts’ expectations of $284.01 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue was down 5.7% compared to the same quarter last year. Sell-side analysts predict that Janus International Group, Inc. will post 1 earnings per share for the current 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.