Wedge Capital Management L L P NC Increases Position in Janus International Group, Inc. $JBI

Wedge Capital Management L L P NC boosted its position in Janus International Group, Inc. (NYSE:JBI) by 60.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 409,282 shares of the company’s stock after acquiring an additional 153,652 shares during the quarter. Wedge Capital Management L L P NC owned 0.29% of Janus International Group worth $2,677,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its stake in shares of Janus International Group by 37.5% in the 3rd quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock valued at $51,940,000 after purchasing an additional 1,435,777 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Janus International Group in the 3rd quarter worth $6,813,000. Millennium Management LLC lifted its stake in Janus International Group by 1,606.2% in the third quarter. Millennium Management LLC now owns 693,962 shares of the company’s stock worth $6,849,000 after purchasing an additional 653,290 shares during the last quarter. Invesco Ltd. boosted its position in Janus International Group by 35.8% during the second quarter. Invesco Ltd. now owns 2,296,001 shares of the company’s stock valued at $18,689,000 after buying an additional 605,262 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in shares of Janus International Group during the second quarter valued at about $4,728,000. Institutional investors own 88.78% of the company’s stock.

Janus International Group Trading Up 0.3%

NYSE JBI opened at $5.02 on Monday. The stock has a market cap of $696.38 million, a P/E ratio of 12.86 and a beta of 1.47. Janus International Group, Inc. has a fifty-two week low of $4.94 and a fifty-two week high of $10.80. The stock has a 50 day simple moving average of $6.46 and a two-hundred day simple moving average of $7.46. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.04 and a current ratio of 3.54.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JBI shares. Wall Street Zen lowered Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Zacks Research raised Janus International Group to a “hold” rating in a research note on Monday, December 15th. KeyCorp dropped their price objective on Janus International Group from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a report on Friday. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.17.

About Janus International Group

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.