Anchor Capital Management Company LLC Invests $9.16 Million in Janus International Group, Inc. (NYSE:JBI)

Anchor Capital Management Company LLC bought a new position in shares of Janus International Group, Inc. (NYSE:JBI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 725,000 shares of the company’s stock, valued at approximately $9,157,000. Janus International Group accounts for 9.7% of Anchor Capital Management Company LLC’s holdings, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JBI. Silvercrest Asset Management Group LLC acquired a new position in Janus International Group during the first quarter worth about $44,026,000. Vanguard Group Inc. grew its position in Janus International Group by 26.8% during the fourth quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock worth $151,857,000 after buying an additional 2,458,953 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Janus International Group in the fourth quarter valued at approximately $26,103,000. Victory Capital Management Inc. grew its position in shares of Janus International Group by 2,063.3% in the second quarter. Victory Capital Management Inc. now owns 1,339,287 shares of the company’s stock valued at $16,915,000 after purchasing an additional 1,277,377 shares during the last quarter. Finally, Epoch Investment Partners Inc. acquired a new stake in shares of Janus International Group in the first quarter valued at approximately $18,954,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Stock Performance

Shares of JBI opened at $9.95 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.47 and a current ratio of 2.82. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 10.47 and a beta of 0.89. The company’s 50 day simple moving average is $11.45 and its 200 day simple moving average is $13.07. Janus International Group, Inc. has a 1 year low of $9.16 and a 1 year high of $15.86.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.07). The firm had revenue of $248.40 million for the quarter, compared to analysts’ expectations of $287.42 million. Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. On average, sell-side analysts predict that Janus International Group, Inc. will post 0.84 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group lowered 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 report on Thursday, August 8th. Jefferies Financial Group lowered their price target on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Wolfe Research lowered shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Benchmark lowered their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, KeyCorp lowered their price target on shares of 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Janus International Group has an average rating of “Moderate Buy” and a consensus price target of $13.25.

Insider Activity at Janus International Group

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the transaction, the insider now owns 217,805 shares of the company’s stock, valued at $3,267,075. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.94% of the company’s stock.

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.