Renaissance Technologies LLC Cuts Stock Holdings in Janus International Group, Inc. (NYSE:JBI)

Renaissance Technologies LLC decreased its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 8.5% during the second quarter, HoldingsChannel reports. The firm owned 1,265,100 shares of the company’s stock after selling 117,300 shares during the period. Renaissance Technologies LLC’s holdings in Janus International Group were worth $15,978,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Janus International Group by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,329,114 shares of the company’s stock worth $29,419,000 after buying an additional 290,764 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Janus International Group by 25.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 14,482 shares of the company’s stock worth $186,000 after buying an additional 2,968 shares during the last quarter. Nicholas Investment Partners LP grew its position in shares of Janus International Group by 1.0% in the 2nd quarter. Nicholas Investment Partners LP now owns 395,978 shares of the company’s stock worth $5,001,000 after buying an additional 3,790 shares during the last quarter. American Century Companies Inc. grew its position in shares of Janus International Group by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 332,473 shares of the company’s stock worth $4,199,000 after buying an additional 39,896 shares during the last quarter. Finally, Choreo LLC purchased a new position in shares of Janus International Group in the 2nd quarter worth approximately $305,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Down 0.2 %

JBI stock opened at $10.10 on Friday. The firm has a 50 day moving average of $11.66 and a 200 day moving average of $13.18. The stock has a market capitalization of $1.47 billion, a PE ratio of 10.63 and a beta of 0.89. 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 52 week low of $9.16 and a 52 week high of $15.86.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data 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 12.52% and a return on equity of 26.03%. The business had revenue of $248.40 million for the quarter, compared to analyst estimates of $287.42 million. Sell-side analysts forecast that Janus International Group, Inc. will post 0.84 earnings per share for the current year.

Insider Buying and Selling 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 shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, 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 SEC, which is accessible through this hyperlink. Company insiders own 3.94% of the company’s stock.

Wall Street Analysts Forecast Growth

JBI has been the topic of a number of analyst reports. Wolfe Research downgraded shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. KeyCorp cut their price objective 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. Jefferies Financial Group lowered 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 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 research note on Friday, August 9th. Finally, UBS Group lowered their target price on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.25.

About Janus International Group

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.