Janus International Group, Inc. (NYSE:JBI) Shares Acquired by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC lifted its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 4.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,200 shares of the company’s stock after buying an additional 990 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Janus International Group were worth $293,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC acquired a new position in Janus International Group during the 1st quarter worth approximately $44,026,000. Vanguard Group Inc. increased its holdings in Janus International Group by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock valued at $151,857,000 after buying an additional 2,458,953 shares during the last quarter. Schroder Investment Management Group acquired a new stake in Janus International Group in the fourth quarter valued at $26,103,000. Epoch Investment Partners Inc. purchased a new stake in Janus International Group during the 1st quarter worth about $18,954,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Janus International Group by 23.2% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 5,248,730 shares of the company’s stock worth $79,414,000 after buying an additional 988,435 shares during the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Janus International Group

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of Janus International Group stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.00, for a total value of $225,000.00. Following the transaction, the insider now directly owns 217,805 shares in the company, valued at approximately $3,267,075. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JBI. KeyCorp cut their target price on Janus International Group from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Wolfe Research cut shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Benchmark lowered their target price on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, UBS Group cut their price target on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.25.

Janus International Group Stock Performance

NYSE JBI traded up $0.10 on Friday, reaching $10.99. The stock had a trading volume of 1,432,693 shares, compared to its average volume of 1,903,421. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.63 and a current ratio of 2.95. The stock has a market cap of $1.60 billion, a P/E ratio of 11.57 and a beta of 0.91. The business’s 50-day moving average price is $12.38 and its 200 day moving average price is $13.67. Janus International Group, Inc. has a 12-month low of $9.16 and a 12-month high of $15.86.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.07). Janus International Group had a net margin of 13.14% and a return on equity of 28.95%. The business had revenue of $248.40 million during the quarter, compared to analysts’ expectations of $287.42 million. As a group, equities analysts expect that Janus International Group, Inc. will post 1.03 earnings per share for the current year.

Janus International Group 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.