Victory Capital Management Inc. Acquires 53,535 Shares of Janus International Group, Inc. (NYSE:JBI)

Victory Capital Management Inc. grew its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 4.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,392,822 shares of the company’s stock after acquiring an additional 53,535 shares during the period. Victory Capital Management Inc. owned about 0.96% of Janus International Group worth $14,081,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in Janus International Group in the second quarter valued at $60,000. Amalgamated Bank increased its stake in shares of Janus International Group by 73.2% in the second quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after buying an additional 2,074 shares during the period. Quarry LP raised its position in shares of Janus International Group by 216.4% during the second quarter. Quarry LP now owns 6,527 shares of the company’s stock worth $82,000 after acquiring an additional 4,464 shares during the last quarter. Comerica Bank lifted its stake in shares of Janus International Group by 78.8% in the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock worth $102,000 after acquiring an additional 2,962 shares during the period. Finally, SkyView Investment Advisors LLC acquired a new position in shares of Janus International Group in the second quarter worth approximately $126,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Stock Performance

NYSE:JBI opened at $7.09 on Wednesday. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. Janus International Group, Inc. has a twelve month low of $6.68 and a twelve month high of $15.86. The company has a fifty day moving average of $9.15 and a 200-day moving average of $11.47. The firm has a market capitalization of $1.00 billion, a P/E ratio of 9.85 and a beta of 0.92.

Janus International Group (NYSE:JBI) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09). The company had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The company’s revenue for the quarter was down 17.9% on a year-over-year basis. During the same period last year, the firm posted $0.27 earnings per share. As a group, sell-side analysts anticipate that Janus International Group, Inc. will post 0.54 EPS for the current year.

Wall Street Analysts Forecast Growth

JBI has been the subject of a number of recent analyst reports. UBS Group decreased their target price on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. 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. Benchmark dropped their target price on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. KeyCorp cut their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group lowered Janus International Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Janus International Group presently has an average rating of “Hold” and a consensus target price of $10.25.

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.