Cubist Systematic Strategies LLC Lowers Stake in Janus International Group, Inc. (NYSE:JBI)

Cubist Systematic Strategies LLC lessened its position in Janus International Group, Inc. (NYSE:JBI) by 56.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 185,855 shares of the company’s stock after selling 237,494 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.13% of Janus International Group worth $2,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP lifted its holdings in Janus International Group by 4.5% during the 1st quarter. Entropy Technologies LP now owns 21,126 shares of the company’s stock worth $320,000 after buying an additional 901 shares in the last quarter. Sage Mountain Advisors LLC raised its holdings in Janus International Group by 4.5% during the second quarter. Sage Mountain Advisors LLC now owns 23,200 shares of the company’s stock worth $293,000 after purchasing an additional 990 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Janus International Group by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 15,267 shares of the company’s stock worth $231,000 after buying an additional 1,201 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Janus International Group by 73.2% in the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after buying an additional 2,074 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Janus International Group by 2.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 101,029 shares of the company’s stock valued at $1,529,000 after buying an additional 2,260 shares during the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Janus International Group

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the sale, the insider now directly owns 217,805 shares in the company, valued at $3,267,075. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.94% of the stock is currently owned by company insiders.

Janus International Group Stock Performance

NYSE:JBI opened at $10.27 on Monday. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 1.05. Janus International Group, Inc. has a fifty-two week low of $9.16 and a fifty-two week high of $15.86. The firm’s fifty day simple moving average is $11.32 and its 200-day simple moving average is $13.00. The stock has a market cap of $1.50 billion, a PE ratio of 10.81 and a beta of 0.89.

Janus International Group (NYSE:JBI) last issued its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. The company had revenue of $248.40 million during the quarter, compared to analysts’ expectations of $287.42 million. Analysts expect that Janus International Group, Inc. will post 0.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

JBI has been the topic of a number of research reports. UBS Group dropped their price target on 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. Jefferies Financial Group decreased their target price on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Benchmark dropped their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Wolfe Research cut shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Finally, KeyCorp lowered their price objective on Janus International Group from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.25.

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.