The Manufacturers Life Insurance Company Buys 23,394 Shares of Janus International Group, Inc. (NYSE:JBI)

The Manufacturers Life Insurance Company lifted its holdings in Janus International Group, Inc. (NYSE:JBI) by 38.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 83,595 shares of the company’s stock after acquiring an additional 23,394 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Janus International Group worth $1,056,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Millennium Management LLC grew its stake in shares of Janus International Group by 31.8% in the second quarter. Millennium Management LLC now owns 1,432,371 shares of the company’s stock valued at $18,091,000 after acquiring an additional 345,613 shares in the last quarter. Maverick Capital Ltd. grew its stake in shares of Janus International Group by 334.8% in the second quarter. Maverick Capital Ltd. now owns 120,691 shares of the company’s stock valued at $1,524,000 after acquiring an additional 92,931 shares in the last quarter. Deerfield Management Company L.P. Series C grew its stake in shares of Janus International Group by 41.2% in the second quarter. Deerfield Management Company L.P. Series C now owns 26,179 shares of the company’s stock valued at $331,000 after acquiring an additional 7,640 shares in the last quarter. Anchor Capital Management Company LLC acquired a new position in shares of Janus International Group in the second quarter valued at about $9,157,000. Finally, AQR Capital Management LLC grew its stake in shares of Janus International Group by 68.0% in the second quarter. AQR Capital Management LLC now owns 104,449 shares of the company’s stock valued at $1,319,000 after acquiring an additional 42,294 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on JBI. Jefferies Financial Group decreased 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 note on Tuesday, September 10th. Benchmark cut their price objective on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. KeyCorp cut their price objective on shares of Janus International Group from $17.00 to $15.00 and set an “overweight” rating for the company 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 research report on Monday, August 12th. Finally, UBS Group cut their price objective on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.25.

Insider Transactions at Janus International Group

In other news, insider Peter Frayser sold 15,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.00, for a total value of $225,000.00. Following the completion of the transaction, the insider now owns 217,805 shares of the company’s stock, valued at approximately $3,267,075. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.94% of the company’s stock.

Janus International Group Stock Up 1.1 %

JBI stock opened at $10.15 on Friday. The stock has a market capitalization of $1.47 billion, a P/E ratio of 11.40 and a beta of 0.88. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05. Janus International Group, Inc. has a 12 month low of $9.16 and a 12 month high of $15.86. The firm has a 50-day moving average price of $10.46 and a 200-day moving average price of $12.66.

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